Rent to Own Homes in New Albany
Enjoying a prime location on the Tallahatchie River, New Albany is a vibrant small town with big town amenities. The city is famously the home of William Faulkner, and it has a long history as a river port and industrial center. It is also home to the Ripley & New Albany Railroad.
The city carries on its tradition of art and industry today with lively arts and music... Read More
Enjoying a prime location on the Tallahatchie River, New Albany is a vibrant small town with big town amenities. The city is famously the home of William Faulkner, and it has a long history as a river port and industrial center. It is also home to the Ripley & New Albany Railroad.
The city carries on its tradition of art and industry today with lively arts and music festivals and a robust employment sector. It also continues to serve its populace with excellent local amenities. The town’s 17.2 square miles is home to the New Albany School District and a Northeast Mississippi Community College campus. Recreation is abundant, too, with the top-notch baseball fields of BNA Bank Park and the Sportsplex. Biking and hiking the Tanglefoot Trail is a delight, and residents can explore their history at the Union County Heritage Museum.
The city is home to 8,830 residents, reporting a median family income of $38,750.The below results are primarily rent to own homes in Union County, MS:
Enjoying a prime location on the Tallahatchie River, New Albany is a vibrant small town with big town amenities. The city is famously the home of William Faulkner, and it has a long history as a river port and industrial center. It is also home to the Ripley & New Albany Railroad.
The city carries on its tradition of art and industry today with lively arts and music... Read More
Enjoying a prime location on the Tallahatchie River, New Albany is a vibrant small town with big town amenities. The city is famously the home of William Faulkner, and it has a long history as a river port and industrial center. It is also home to the Ripley & New Albany Railroad.
The city carries on its tradition of art and industry today with lively arts and music festivals and a robust employment sector. It also continues to serve its populace with excellent local amenities. The town’s 17.2 square miles is home to the New Albany School District and a Northeast Mississippi Community College campus. Recreation is abundant, too, with the top-notch baseball fields of BNA Bank Park and the Sportsplex. Biking and hiking the Tanglefoot Trail is a delight, and residents can explore their history at the Union County Heritage Museum.
The city is home to 8,830 residents, reporting a median family income of $38,750.The below results are primarily rent to own homes in Union County, MS:
Buying a Home in New Albany?
House hunters in New Albany have a variety of choices when shopping for a new home. Historic and vintage homes are plentiful, and newer subdivisions like Parkview provide new, spacious homes. The current median listing price of a home rests at $172,000, which is 3.2 percent drop from last year. Homes are selling more slowly in New Albany, too, when compared to a year ago. Smaller home prices and a slower selling pace are good news for homebuyers.
Buying vs. Rent to Own Homes?
Renting to own a home is a more incremental process than buying a home the conventional way. With a typical home purchase, you’re required to supply a sizable down payment and secure a mortgage right away. You then have to wait 30 to 90 days for escrow to close before you can move into your new home. On the other end of the spectrum, renting to own a home stretches the process out. You’ll pay an option fee to start the process and move into your new home right away. Then over the course of one to three years, you can coordinate your final mortgage financing, build up a down payment and improve your credit score. During that time, you’ll also be making progress toward your final purchase, paying a monthly rental premium along with regular rent.
New Albany is the ultimate small, Southern town, offering easy access to transportation, arts and recreation. The town’s location on the Tallahatchie River provides beautiful scenery, and its historic downtown delivers the ultimate antique shopping experience. Homes here range from grand old Victorians to brand-new brick country homes. Buying a home in this charming small town is affordable, especially with a rent-to-own option. With all that it has to offer, it’s no surprise that New Albany was named one of Mississippi's most beautiful towns.
Summary
New Albany is the ultimate small, Southern town, offering easy access to transportation, arts and recreation. The town’s location on the Tallahatchie River provides beautiful scenery, and its historic downtown delivers the ultimate antique shopping experience. Homes here range from grand old Victorians to brand-new brick country homes. Buying a home in this charming small town is affordable, especially with a rent-to-own option. With all that it has to offer, it’s no surprise that New Albany was named one of Mississippi's most beautiful towns.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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