Rent to Own Homes in Rayne
Rayne is a small town located off Interstate 10 and U.S. Route 90 in southwestern Louisiana. This area is approximately 15 miles west of Lafayette, 55 miles east of Lake Charles and 65 miles west of Baton Rouge. Residents can reach Alexandria in less than two hours without traffic, and New Orleans is less than a three-hour drive to the east. Pecan Island, White Lake and other attractions lining the Gulf of Mexico are within a one-hour drive in light traffic.The below results are primarily rent to own homes in :
Rayne is a small town located off Interstate 10 and U.S. Route 90 in southwestern Louisiana. This area is approximately 15 miles west of Lafayette, 55 miles east of Lake Charles and 65 miles west of Baton Rouge. Residents can reach Alexandria in less than two hours without traffic, and New Orleans is less than a three-hour drive to the east. Pecan Island, White Lake and other attractions lining the Gulf of Mexico are within a one-hour drive in light traffic.The below results are primarily rent to own homes in :
The small city of Rayne is home to Miss Mamie’s Casino, Rayne Civic Center, Frog City Travel Plaza and Casino, and the Southside Community Center. Thousands of visitors join residents in the streets of Rayne each year for the popular Frog Festival. This event includes live entertainment, frog races, frog jumping contests, diaper derby and a frog cookoff. The frog eating contest is the highlight of the weekend. This celebration is in honor of the city’s designation as the “Frog Capital of the World.” Rayne residents are served by the Acadia Parish School Board. The local school system includes Rayne High School, Armstrong Middle School and three elementary schools. Students also have the option of attending Rayne Catholic Elementary School.
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
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
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