Rent to Own Homes in Raeford
Raeford is centrally located between several large metropolitan areas. The closest large city is Fayetteville, about 40 miles away. Charlotte is about 110 miles to the west, Raleigh is northeast about 90 miles, Winston-Salem and Greensboro are 100 miles north, and Wilmington – on the Atlantic coast – is about 100 miles to the southeast.The below results are primarily rent to own homes in Hoke County, NC:
Raeford is centrally located between several large metropolitan areas. The closest large city is Fayetteville, about 40 miles away. Charlotte is about 110 miles to the west, Raleigh is northeast about 90 miles, Winston-Salem and Greensboro are 100 miles north, and Wilmington – on the Atlantic coast – is about 100 miles to the southeast.The below results are primarily rent to own homes in Hoke County, NC:
Both the Hoke County Courthouse and Raeford Historic District are on the National Register of Historic Places. The Historic District includes 48 contributing buildings in the central business district. Some of these structures date to the early 20th century. The courthouse was built in 1912; it is a three-story structure in Classical Revival style.
Just to the east of Raeford, near Fayetteville, is Fort Bragg, the largest military base in the world, with over 50,000 active duty personnel. Many of Fort Bragg’s service men and women call Raeford home.
Buying a Home in Raeford
The median home price is about $149,000, which is an impressive 20 percent below the national average. Current listings range from $72,000 to $499,000. Overall, the cost of living in this small city is about five percent below the national average.
The median age in Raeford is 34.6, and about 41 percent of the population is married. Approximately 53 percent of the residential real estate is owner occupied.
Raeford is served by Hoke County Schools, which is comprised of eight elementary schools, three middle schools, two high schools, and an alternative school. GreatSchools rates the schools from 1 to 8 (out of 10); this wide range in rating means that families with school-aged children should definitely check out the schools when deciding on a neighborhood.
Popular Neighborhoods in Raeford
The Raeford area is broken down into six constituent neighborhoods. On the east side is the Rockford area. The residential real estate is primarily medium- to large-sized single-family homes and mobile homes, and most is owner occupied. It’s a fairly new neighborhood, with many residences built after 2000. And, of course, many residents are in the military. The median home cost is about $170,000.
To the north of Rockford is the Doc Brown Rd/Noble Rd. neighborhood. The real estate picture is quite similar to that in Rockford, but the median price comes in a bit lower at about $157,000.
Buying vs. Rent to Own Homes
Raeford may already sound like a place where you’d like to settle. Of course, buying a home can be long, expensive process, and a sizable down payment and prequalification are necessary. A rent-to-own arrangement may work for you. A part of each month’s rent is applied toward a down payment to buy the home. It’s simpler and doesn’t require a large outlay of cash. And renters can look forward to becoming proud homeowners – and never have to move!
Summary
A mild southern climate adds to the charm of this small North Carolina city. The low housing cost can’t be beat, and the small-town atmosphere and friendly people mean it’s a good place for families. And if you need a taste of the big city, there are options in virtually every direction.
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.
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