Rent to Own Homes in Port Aransas
Port Aransas is a growing city located on Mustang Island on the Gulf Coast of Texas. This barrier island is lined by the Gulf of Mexico on one side and the Corpus Christi Bay on the other, and it connects to the Padre Island National Seashore. San Jose Island and Matagorda Island run north of the city. Port Aransas is the only established community on the island, and it’s favored by residents who want to live next to the water with spectacular views outside their windows.The below results are primarily rent to own homes in :
Port Aransas is a growing city located on Mustang Island on the Gulf Coast of Texas. This barrier island is lined by the Gulf of Mexico on one side and the Corpus Christi Bay on the other, and it connects to the Padre Island National Seashore. San Jose Island and Matagorda Island run north of the city. Port Aransas is the only established community on the island, and it’s favored by residents who want to live next to the water with spectacular views outside their windows.The below results are primarily rent to own homes in :
Residents of Port Aransas can travel to the heart of Corpus Christi in less than an hour. San Antonio is less than three hours inland, and Houston is within a four-hour drive. While residents may travel inland for entertainment or vacations, they don’t have to leave the island for recreation and fun. Some of the biggest attractions within or surrounding the city include the Palmilla Beach Golf Club, Roberts Point Park, Leonabelle Turnbull Birding Center, IB Magee Beach Park and Wetland Park. The Port Aransas coast is lined with resorts and beachside vacation rentals that attract travelers from around the world. Tourism and fishing serve as the city’s economic foundation as visitors come to town for the kayak trails, water sports, boating and leisure time in the city’s designated bird-viewing areas.
Buying vs. Rent to Own Homes
To buy a house, you (1) look at the homes available for purchase, (2) pick the house you want, (3) pay the seller the cost of the home and (4) you get the house. That’s the basic gist of the traditional home buying process.
All the steps of the traditional home buying process are present in the rent to own process. The difference is that renting to own has an additional step between Step 2 and Step 3. Step 2.5 is to rent the home for a maximum of three years until you are ready to continue to Step 3.
During Step 2.5, you’re working on improving your credit score, building a steady job history and saving up a down payment so that you can qualify for financing. Once you have financing, you can move on to Step 3.
Rent to own is a good way to prepare for buying a property. Once you do buy, you won’t have to spend money on rent any longer. So, the sooner you can buy, the better.
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
Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
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