Rent to Own Homes in Pembroke
Part of Robeson County, Pembroke lies along the Lumbee River. Interstate 95 and Highway 74 are just a few miles away, providing convenient travel throughout the region. The southeastern North Carolina town has about 3,000 residents and 1,300 housing units. Pembroke residents enjoy a cost of living that is 20 percent lower than the national average and 14 percent cheaper than the North Carolina average.The below results are primarily rent to own homes in :
Part of Robeson County, Pembroke lies along the Lumbee River. Interstate 95 and Highway 74 are just a few miles away, providing convenient travel throughout the region. The southeastern North Carolina town has about 3,000 residents and 1,300 housing units. Pembroke residents enjoy a cost of living that is 20 percent lower than the national average and 14 percent cheaper than the North Carolina average.The below results are primarily rent to own homes in :
Pembroke is a college town, home to the University of North Carolina Pembroke. The university campus has 41 undergraduate and 17 graduate programs serving more than 6,000 students. It is the only university in the United States that was originally created by Native Americans to educate local Native Americans. The university is one of many links between the city and its robust Native American roots. Pembroke is the hub of the region’s state-recognized Lumbee tribe. With more than 55,000 members, the Lumbee community is the largest Native American tribe in the eastern United States. While Pembroke’s population is small, more than 60,000 people live within a 10-mile radius of town. Many of these area residents are employed by the region’s top businesses such as Public Schools of Robeson County, Sanderson Farms, Campbell Soup, WalMart, UNC Pembroke, Southeastern Regional Medical Center, Mountaire Farms of NC and Robeson County.
Buying vs. Rent to Own Homes
Rent to own is a great option for people who want to buy a house, but are still working on getting the financing for it. People who are anywhere between a few months and three years away from qualifying for financing should consider rent to own.
Unlike renting, you don’t have to keep making rent payments for the full lease term. Once you’re able to close, you have the right to do that.
Rent to own is very similar to buying, in that buying is the end result of a successful rent to own deal.
The primary difference between the two is that rent to own takes longer than buying, which is the advantage of rent to own. It gives buyers time to get their finances in order to buy a home while not getting trapped into a lease term.
Rent to Own Realtors
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
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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