Rent to Own Homes in Nashville
You’ll find the city of Nashville approximately 25 miles north of Valdosta in southern Georgia. Tifton is about 25 miles to the northwest, and Waycross is about 60 miles to the east. This location places residents within a two-hour drive of Brunswick and other cities on the Atlantic coastline. Tallahassee and Jacksonville, Florida, are also within a two-hour drive, giving residents a short commute to Florida’s Gulf Coast. There are some small parks within city limits for everyday enjoyment, including Heritage Park, Carter Park, Tygart Park and the Dogwood Street Recreation Area.The below results are primarily rent to own homes in :
You’ll find the city of Nashville approximately 25 miles north of Valdosta in southern Georgia. Tifton is about 25 miles to the northwest, and Waycross is about 60 miles to the east. This location places residents within a two-hour drive of Brunswick and other cities on the Atlantic coastline. Tallahassee and Jacksonville, Florida, are also within a two-hour drive, giving residents a short commute to Florida’s Gulf Coast. There are some small parks within city limits for everyday enjoyment, including Heritage Park, Carter Park, Tygart Park and the Dogwood Street Recreation Area.The below results are primarily rent to own homes in :
The city that we now call Nashville was first settled in the 1840s. It was originally incorporated as a small town, but incorporation as a city occurred in 1900. There were approximately 100 residents in 1870, and the population grew to more than 4,000 residents by 1960. The population has stayed relatively the same since, and there were close to 5,000 residents in 2016. The Berrien County Jail is still located within city limits and was the site of Georgia’s last public hanging. Nashville residents are served by the Berrien County School District. This public school system includes a charter school plus one primary, elementary, middle and high school. All residents have access to the Carrie Dorsey Perry Memorial Library.
Buying vs. Rent to Own Homes
The difference between buying a home and signing up for a lease-option depends on your timeframe and how much money you spend on buying the house.
When you buy a house outright, you pay for the fair market value of the home plus interest and other fees charged by your financial lender, if you have one. You buy the property today and immediately start building equity in it.
However, when you rent to own, you won’t own the home until you close on the property, which could be as far as three years from today. You’ll also pay rent monthly, and you don’t get that money back.
There are some fees that you pay for rent to own that you’ll get back as a credit towards the price of your home, like option fees and rent credits. These count as equity on the home, but they’re not on the scale of equity you would build with a mortgage. Therefore, these don’t add anything on to the price you pay for the home the way that rent does.
Rent to Own Realtors
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
About Our Listings
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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