Rent to Own Homes in Princeton
You'll find this small town in southern West Virginia, approximately 90 miles south of Charleston, 90 miles west of Roanoke, and about 35 miles north of Wytheville, Virginia. This central location connects residents with surrounding states and many larger cities, increasing opportunities for employment and entertainment. Most jobs within city limits are with small service-oriented businesses.The below results are primarily rent to own homes in Mercer County, WV:
You'll find this small town in southern West Virginia, approximately 90 miles south of Charleston, 90 miles west of Roanoke, and about 35 miles north of Wytheville, Virginia. This central location connects residents with surrounding states and many larger cities, increasing opportunities for employment and entertainment. Most jobs within city limits are with small service-oriented businesses.The below results are primarily rent to own homes in Mercer County, WV:
Some of the most popular points of interest in this small town include the Princeton Railroad Museum and the Mercer County War Museum. There are also some family-friendly parks that offer outdoor recreation for locals. Some of the more popular parks include Glenwood Park and the Princeton Youth Park.
Buying a Home in Princeton?
With many homes selling for around $100,000 if not a bit less, it's common to see the median listing price in Princeton drop below $130,000. You can expect to find mostly older homes with three or four bedrooms, but there are some smaller properties in certain areas. You may find a home for less than $100 per square foot if you shop wisely. It's important to think about the cost of renovations and upgrades that you might want to make to an older home because those adjustments increase your overall investment in the home.
Popular Neighborhoods in Princeton?
Some of the most desirable neighborhoods in Princeton include Quail Valley, Boulder Park, Morningside and the community surrounding Eades Mill Road. While you can find some affordable prices in all of these neighborhoods, it is sometimes difficult to find homes for sale due to high demand. You may want to keep watching the listings and driving by properties as they hit the market until you find property that fits your needs. In such a small city, there are desirable homes in virtually every neighborhood.
Buying vs. Rent to Own Homes?
What is a rent-to-own home? This is a common question asked by people interested in purchasing their own home, and the answer is quite simple. A rent-to-own home is a house that you can rent today and buy tomorrow. You enter a unique contract with the property's current owner that allows you to live in the home until you're ready to buy it. You will have a specified period of time in which you need to finalize the sale, but this type of contract may allow you to delay applying for a mortgage loan until you're better prepared.
Princeton is a small town in southern West Virginia that is a short drive from many cities in Virginia. Many residents commute to surrounding cities for employment opportunities, but there are some family-friendly parks and residential areas within city limits. The town is also home to a growing collection of small businesses. With incredibly low housing prices and reasonable prices for most goods and services, this is a small town that offers residents an affordable cost of living year-round.
Summary
Princeton is a small town in southern West Virginia that is a short drive from many cities in Virginia. Many residents commute to surrounding cities for employment opportunities, but there are some family-friendly parks and residential areas within city limits. The town is also home to a growing collection of small businesses. With incredibly low housing prices and reasonable prices for most goods and services, this is a small town that offers residents an affordable cost of living year-round.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
About Our Listings
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
Sign up for one of our free listings so that potential buyers can find you when they look for rent to own homes near me online.
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