Rent to Own Homes in Old Fort
Old Fort is a small, picturesque town of nearly 1,000 residents. Its location in the foothills of the Black Mountains and the Pisgah National Forest lure many visitors to the historic town and its many attractions.The below results are primarily rent to own homes in :
Old Fort is a small, picturesque town of nearly 1,000 residents. Its location in the foothills of the Black Mountains and the Pisgah National Forest lure many visitors to the historic town and its many attractions.The below results are primarily rent to own homes in :
Once considered the westernmost point of the Colonial frontier, Old Fort’s history is long and complex. Today, residents can explore Old Fort Plantation history and mountain life at the Mountain Gateway Museum. The state museum also features events that highlight the cultural history of western North Carolina such as Pioneer Day Festivals in April and North Carolina Gold Festivals in June. The Old Fort Commercial Historic District in Downtown Old Fort also puts the town’s history on display. The district’s buildings reveal the city’s early development around the railroad depot. Its historic buildings include a variety of late 19th-century structures and early 20th-century sites as well as the town’s recognizable Arrowhead Monument and Fountain. The district stretches along Main Street between Catawba Avenue and Spring Street and along Catawba Avenue from Main Street to Commerce Street. In addition to the unique Arrowhead Monument, Old Fort offers a variety of attractions and notable sites. Andrews Geyser, Catawba Falls and the historic Carson House are just outside of town. Locals can also access the Point Lookout Trail directly in Old Fort to enjoy a 3.6-mile walk or bike ride weaving through Pisgah National Forest.
Buying vs. Rent to Own Homes
Renting to own a home and buying a house have the same steps, just on different timetables.
When you buy a house, you either pay with cash or you make monthly payments to a mortgage or some other kind of financing option for a set time frame.
When you rent to own a home you pay an option fee, which is later credited toward the purchase of the home, and then you make monthly rent payments until you’re sure you want to buy this house and you can secure financing. Then, you do the same things you would if you were buying a house – just make sure you do it before the end of the lease term so that you don’t lose any of the money you’ve negotiated.
When you can choose between the two, buying might be the right option because your monthly payments will go towards equity in a home as opposed to someone else’s pocket. However, lease-options get you to the same place with a little more time.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
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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