Rent to Own Homes in Needville
If you head to southeastern Texas, you will find the city of Needville approximately 40 miles southwest of Houston and about 75 miles west of Galveston. This location gives residents easy access to a variety of outdoor recreation areas, including Brazos Bend State Park, Brazoria National Wildlife Refuge, Matagorda Bay and Galveston Island. Many of these attractions rest on the Texas Gulf Coast, so they're also major tourist attractions.The below results are primarily rent to own homes in :
If you head to southeastern Texas, you will find the city of Needville approximately 40 miles southwest of Houston and about 75 miles west of Galveston. This location gives residents easy access to a variety of outdoor recreation areas, including Brazos Bend State Park, Brazoria National Wildlife Refuge, Matagorda Bay and Galveston Island. Many of these attractions rest on the Texas Gulf Coast, so they're also major tourist attractions.The below results are primarily rent to own homes in :
Needville is currently home to more than 3,000 residents, including more than 600 families. Many of these families are likely attracted to the small-town atmosphere and the community events that are held throughout the year. Some of the most popular annual events include the Needville Harvest Festival and the citywide garage sale. The city is a part of Fort Bend County, and residents have access to limited job options within city limits. Many take advantage of the short commute to Houston for additional employment opportunities. Residents in this small city are served by the Needville Post office and the Needville Independent School District. The public-school system serves as a major employer for residents and includes Needville High School. Residents of all ages also have access to the Albert George Branch Library.
Buying vs. Rent to Own Homes
When you rent to own, you pay an option fee and rent the home for up to three years while prepping for financing approval. Then, you buy it as soon as you’re ready. When you buy a home normally, you skip to the third step of the process.
Basically, when you’re almost ready to own a home, you should consider renting to own, but when you are ready, you should go ahead and purchase it.
Rent to own gives you more time to improve your credit score or save up a greater down payment in preparation for buying a house. Ultimately, rent to own is more expensive than outright buying a property because you’re paying rent to the owner every month. However, lease-options are a much better alternative than renting a property because you’re building some equity in the home, just not as much as you will once you purchase.
Once you own a home, you will likely be making monthly payments to a mortgage. Mortgage payments are typically around the same amount as rent to own payments, but all of it – minus interest, PMI and taxes – builds equity in the property, which directly benefits you.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
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