Rent to Own Homes in Prairieville
Prairieville, Louisiana, is situated in the southeastern Ascension Parish just south of the city of Baton Rouge. As a growing suburb of Baton Rouge, Prairieville has a population of around 27 thousand people and is one of the fastest growing regions in all of Louisiana. The area started out as a quiet, low population city in a formerly pasture dense environment. Urban development and damage caused by Hurricane Gustav have severely diminished the area's natural prairie lands.The below results are primarily rent to own homes in :
Prairieville, Louisiana, is situated in the southeastern Ascension Parish just south of the city of Baton Rouge. As a growing suburb of Baton Rouge, Prairieville has a population of around 27 thousand people and is one of the fastest growing regions in all of Louisiana. The area started out as a quiet, low population city in a formerly pasture dense environment. Urban development and damage caused by Hurricane Gustav have severely diminished the area's natural prairie lands.The below results are primarily rent to own homes in :
Much of the population of Prairieville is drawn to the city from nearby urban hubs (including Baton Rouge) because of the area's high-performing public schools and relatively low crime rate. Nearly all of the schools in Prairieville's school district are extremely highly ranked with excellent marks in all academic proficiencies. The overall student to teacher ratio is 16:1, which is in line with the national average. One of the most popular and famous properties in Prairieville is the 40 acre sprawl of Phillip's Farm, which is lined with a number of live oaks and a white planked fence that surrounds the entirety of the property. Its final owner, Dr. Carey A. Phillips, passed in 2005 and in 2006 the land was purchased at an auction and re-purposed into a cemetery known as Oak Lane Memorial Park.
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 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
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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