Rent to Own Homes in Petal
The city of Petal covers approximately 17 square miles along the Leaf River in southern Mississippi. The city is fewer than five miles east of Hattiesburg and is just north of the De Soto National Forest. There were approximately 10,000 residents in 2010, and many of those residents choose to live in Petal because they want their children to attend... Read More
The city of Petal covers approximately 17 square miles along the Leaf River in southern Mississippi. The city is fewer than five miles east of Hattiesburg and is just north of the De Soto National Forest. There were approximately 10,000 residents in 2010, and many of those residents choose to live in Petal because they want their children to attend schools managed by the Petal School District. The city of Petal was originally formed because parents wanted to form a school system independent of the county schools. The schools within this smaller system are now highly ranked and praised by parents.
The International Checker Hall of Fame was once the pride and joy of Petal, but the building caught fire in 2007. Today, the city's main attractions include a series of family-friendly parks. Some of the most noteworthy parks include Petal Relay Park, Friendly Park, Petal City Park and Willie Hinton Park. There are also some popular restaurants in town, including some located in downtown Petal.The below results are primarily rent to own homes in Forrest County, MS:
The city of Petal covers approximately 17 square miles along the Leaf River in southern Mississippi. The city is fewer than five miles east of Hattiesburg and is just north of the De Soto National Forest. There were approximately 10,000 residents in 2010, and many of those residents choose to live in Petal because they want their children to attend... Read More
The city of Petal covers approximately 17 square miles along the Leaf River in southern Mississippi. The city is fewer than five miles east of Hattiesburg and is just north of the De Soto National Forest. There were approximately 10,000 residents in 2010, and many of those residents choose to live in Petal because they want their children to attend schools managed by the Petal School District. The city of Petal was originally formed because parents wanted to form a school system independent of the county schools. The schools within this smaller system are now highly ranked and praised by parents.
The International Checker Hall of Fame was once the pride and joy of Petal, but the building caught fire in 2007. Today, the city's main attractions include a series of family-friendly parks. Some of the most noteworthy parks include Petal Relay Park, Friendly Park, Petal City Park and Willie Hinton Park. There are also some popular restaurants in town, including some located in downtown Petal.The below results are primarily rent to own homes in Forrest County, MS:
As of 2010, the median income for a household in Petal was approximately $30,000. Some of the major employers for the Petal and Hattiesburg area include Kohler, Forest General, Mar-Jac Poultry and the University of Southern Mississippi.
Buying a Home in Petal?
The median listing price for homes in Petal is often below $200,000. While the housing market is relatively small, you can still expect to see around 100 homes for sale much of the time. It's common for buyers to pay a median of $100 per square foot, and it's not uncommon to find properties listed for substantially less. Approximately 80 percent of residents own property in Petal, and it's not difficult to find established neighborhoods with low vacancy rates.
Buying vs Rent to Own Homes?
Petal offers reasonable real estate prices, but you may still need some time to strengthen your financial standing before applying for a mortgage loan. This is where rent-to-own homes come into play. These properties allow you to start out renting a home that is currently up for sale. You have the right to purchase the property before your rental period ends, so you can literally rent your way to home ownership.
Petal is a small Mississippi town that offers residents a series of family-friendly parks and one of the best public school systems in the state. The city is located minutes from Hattiesburg, so many residents commute for employment, recreation and entertainment purposes. Many residents choose Petal because the city combines a peaceful living environment with high-quality public schools and affordable real estate prices.
Summary
Petal is a small Mississippi town that offers residents a series of family-friendly parks and one of the best public school systems in the state. The city is located minutes from Hattiesburg, so many residents commute for employment, recreation and entertainment purposes. Many residents choose Petal because the city combines a peaceful living environment with high-quality public schools and affordable real estate prices.
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
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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