Rent to Own Homes in Pocahontas
Pocahontas is a small city in northeastern Arkansas that is located approximately 20 miles from the Arkansas-Missouri state line. This area is approximately 14 miles north of Walnut Ridge, 35 miles north of Jonesboro and 30 miles east of Hardy. The Black River cuts through the center of town, and Baltz Lake interrupts the city’s northern border. Some of the city’s more prominent attractions include Alexander Park, Pocahontas Community Center, Downtown Playhouse, Randolph County Heritage Museum, Imperial Dinner Theatre, Black River Overlook Park and Riverside Park.The below results are primarily rent to own homes in :
Pocahontas is a small city in northeastern Arkansas that is located approximately 20 miles from the Arkansas-Missouri state line. This area is approximately 14 miles north of Walnut Ridge, 35 miles north of Jonesboro and 30 miles east of Hardy. The Black River cuts through the center of town, and Baltz Lake interrupts the city’s northern border. Some of the city’s more prominent attractions include Alexander Park, Pocahontas Community Center, Downtown Playhouse, Randolph County Heritage Museum, Imperial Dinner Theatre, Black River Overlook Park and Riverside Park.The below results are primarily rent to own homes in :
The land now occupied by the City of Pocahontas was originally settled by Dr. Ransom S. Bettis and his family. There were approximately 325 people living within city limits in 1880, and the population peaked at more than 6,000 residents in 1990. The population has remained relatively stable since, with approximately 6,500 Pocahontas residents reported in 2017. Pocahontas is now a part of Randolph County and is served by the Pocahontas School District, which includes Pocahontas High School. Students may also attend a private Catholic school through the sixth grade. The downtown area includes a large historic district that is home to some well-preserved registered historic landmarks.
Buying vs. Rent to Own Homes
If you’re looking to purchase a home, you could fall into three categories: ready to buy, ready to rent to own and rent a bit longer. Buying is your best option, so if you’re ready, you should. Rent to own is also a good option because it sets you on course to buy a property soon.
If you’ll be ready to buy a property within the next three years, rent to own is the right option for you. Your lease term should be at least six months longer than how much time you need to qualify for financing; that way, you have some buffer room in case something goes wrong. Whenever you are ready, you can close on the home and start building equity on it.
If it’s going to take more than three years for you to qualify for financing, keep renting until you’re less than three years away. Just because rent to own isn’t right for you now doesn’t mean it won’t be in the future.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
Find properties near me with Rent to Own Labs.
- 72455