Rent to Own Homes in Port Lavaca
Port Lavaca lies in the southern reaches of Texas, approximately 130 miles southwest of Houston. This Calhoun County city is located on the west side of Lavaca Bay. According to the United States Census Bureau, the population of Port Lavaca is estimated at 12,400 residents.The below results are primarily rent to own homes in :
Port Lavaca lies in the southern reaches of Texas, approximately 130 miles southwest of Houston. This Calhoun County city is located on the west side of Lavaca Bay. According to the United States Census Bureau, the population of Port Lavaca is estimated at 12,400 residents.The below results are primarily rent to own homes in :
Much of Port Lavaca's local economy is centered around the Port of Port Lavaca. The Port Lavaca economy is also dependent on fishing, tourism and a handful of nearby manufacturing operations. Children living in Port Lavaca may attend the Calhoun County Independent School District as a public school option. Calhoun County High School is located within the city of Port Lavaca. Despite the community's resort-like feel, Port Lavaca is well-connected to major cities of South Texas by a network of highways. U.S. 87 provides a direct route to Victoria, while the Port Lavaca Causeway transports travelers from one side of Lavaca Bay to the other. Port Lavaca residents enjoy a laid-back lifestyle that mimics a vacation along the Gulf Coast of Texas and Lavaca Bay. Port Lavaca serves as the county seat of Calhoun County, ensuring that residents have easy access to all of the conveniences they need without getting caught up in the hectic pace of large-city life.
Buying vs. Rent to Own Homes
Renting to own a home is like a test drive for buying a house. It’s comparable to the car dealership letting you drive out of the lot with the car that you want (after you pay a small option fee) and telling you to come back when you have the money to pay the full price of it, as long as it is within the lease term. Then you make monthly lease payments until you’re ready to buy it.
You should lease-option when you’re close to getting financing for the home you’re looking to purchase, but need a bit more time (1-3 years) before you’re ready. And if you’re unsure about the house, you have more time to consider it from a more personal perspective.
Similarly to test driving a car, once you’re sure that this is the house you want and you have the money to purchase it, you should buy it as soon as possible. There’s no sense in paying rent money for longer than you need to. Rent to own also gives you the flexibility to close on a home whenever you’re ready to. It’s a mix of the best parts of renting and buying.
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
When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.
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