Rent to Own Homes in Oneonta
Oneonta is a growing city in northern Alabama that rests approximately 35 miles north of Birmingham and 60 miles south of Decatur. This area is just south of Palisades Park, north of Highland Lake and about 60 miles east of the Bankhead National Forest. The Alabama-Georgia state line is about 70 miles east of the city, allowing residents to reach Atlanta in less than three hours.The below results are primarily rent to own homes in :
Oneonta is a growing city in northern Alabama that rests approximately 35 miles north of Birmingham and 60 miles south of Decatur. This area is just south of Palisades Park, north of Highland Lake and about 60 miles east of the Bankhead National Forest. The Alabama-Georgia state line is about 70 miles east of the city, allowing residents to reach Atlanta in less than three hours.The below results are primarily rent to own homes in :
Many Oneonta residents often travel to nearby Blountsville for entertainment and recreation. Blountsville is less than 15 miles to the north and is home to Spring Valley Beach. Other points of interest in the Oneonta area include Highland Lake, Mathews Manor, Rickwood Caverns State Park and Whispering Pines Golf Course. Residents have easy access to a senior center and a variety of youth recreational sports programs without leaving city limits. Oneonta has grown from approximately 600 residents in 1900 to more than 6,500 residents in 2017. The city hosts the annual Covered Bridge Festival for all residents and visitors to enjoy arts, crafts and fair foods in honor of the city’s history. Residents are served by Oneonta City Schools, which maintains Oneonta Elementary School, Oneonta Middle School and Oneonta High School within city limits.
Buying vs. Rent to Own Homes
There are a few situations in which rent to own makes sense when you have the option to purchase. A good situation to rent to own is when you’re not sure about a home you’re looking at buying, and you want to test it out for a bit before making a final decision. This way, you have less money on the line if you change your mind.
Renting to own is also a good option if you’re close to qualifying for financing, but you need a little bit more time to get there.
Renting to own doesn’t trap you in a lease like normal renting does – you can buy the home whenever you’re ready. That’s why it’s the good option if you almost have a large enough down payment, if your credit score is close to where you need it to be or if you just need a little more time at your job to build your job history. It also works when you’re waiting for your old home to sell so that you have the cash to purchase your new home.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
About Our Listings
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
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