Rent to Own Homes in Oxford
This city provides many opportunities for outdoor recreation, starting with easy access to the Blue Ridge Mountains. Cheaha Mountain is located nearby and offers the highest peak in the state. There are also a few small bodies of water located throughout the city, including Oxford Lake and Choccolocco Creek. Some of the noteworthy attractions in the area include the Cider Ridge Golf Club and the Oxford Performing Arts Center.The below results are primarily rent to own homes in Calhoun County, AL:
This city provides many opportunities for outdoor recreation, starting with easy access to the Blue Ridge Mountains. Cheaha Mountain is located nearby and offers the highest peak in the state. There are also a few small bodies of water located throughout the city, including Oxford Lake and Choccolocco Creek. Some of the noteworthy attractions in the area include the Cider Ridge Golf Club and the Oxford Performing Arts Center.The below results are primarily rent to own homes in Calhoun County, AL:
Residents of Oxford are also served by the Oxford City School System, which includes Oxford High School, one middle school and four elementary schools. The Quintard Mall is the main shopping center for the city, but there are some smaller shopping centers located near the city's residential areas.
Buying a Home in Oxford?
The Oxford housing market allows you to find homes with three or four bedrooms for less than $300,000, and it's possible to find smaller homes listed for well under $100,000. The median listing price often falls below $250,000, and it's common for buyers to pay less than $100 per square foot. This includes homes in some of the most popular neighborhoods.
Crime rates are low throughout the city and most of the schools receive high ratings, so you can select a home based on location rather than concern for school zones. More than 70 percent of residents own their homes in this city, so finding an established neighborhood isn't difficult for most buyers.
Popular Neighborhoods in Oxford?
Hicks is one of the most popular Oxford neighborhoods for families. This area is located on the eastern end of the city, running south of Route 78 and extending along Mellon Bridge Road into the northern edge of the Talladega National Forest. Real estate prices tend to fall close to $150,000 in this area, and you can expect to find many homes with three or four bedrooms. Most of these properties were built prior to the year 2000, and the vacancy rate for the community typically stays well below 10 percent.
If you can afford to pay a bit more for your home, you can extend your search into the Kentuck or McAding neighborhood. This is the region filling the southern tip of the city, and real estate prices are close to $200,000 in that region. This is an established neighborhood, and most of the homes are owner-occupied.
Buying vs. Rent to Own Homes?
Buying a home is one of the biggest financial milestones that you will achieve in your lifetime, and it's important that you do it at the right time. Your choice in timing can make a big difference in the interest rate that you qualify to receive, and your interest rate can make a significant difference in what you pay for your mortgage each month. If you need some time to prepare for the pre-approval process, consider opting for a rent-to-own home. You can use the rental period to improve your credit score or save up a down payment, and you'll have the right to purchase the property when the time is right for you.
Cost of Living in Oxford?
Utilities are the biggest expense that many Oxford residents face each month. The city's housing market often plummets 40 percent or more below the national average, and many other expenses are comparable to the national average. Utilities and food prices may sometimes go a bit over the national average, but those expenses balance out with the low cost of housing. The overall cost of living is typically 10 percent or more below average.
The city of Oxford is mostly known for its central location between Birmingham, Alabama, and Atlanta, Georgia. Interstate 20 runs through the center of the city, allowing residents to easily commute to these larger cities for entertainment and employment purposes. Residents are often attracted to this area because the community offers a variety of parks and golf clubs in addition to an active performing arts center. Residents also benefit from high-quality public schools and reasonable housing prices.
Summary
The city of Oxford is mostly known for its central location between Birmingham, Alabama, and Atlanta, Georgia. Interstate 20 runs through the center of the city, allowing residents to easily commute to these larger cities for entertainment and employment purposes. Residents are often attracted to this area because the community offers a variety of parks and golf clubs in addition to an active performing arts center. Residents also benefit from high-quality public schools and reasonable housing prices.
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
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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