Rent to Own Homes in Ringgold
Founded in 1846 and incorporated as a city in 1847, the city... Read More
Founded in 1846 and incorporated as a city in 1847, the city was named after Samuel Ringgold, a hero in the Mexican-American War. The town played a role in the Civil War; it was where the locomotive named The General stopped during the Great Locomotive Chase in 1862. There are still bullet holes in Ringgold Depot dating to the Civil War. And the Battle of Ringgold Gap took place there on November 27, 1863.The below results are primarily rent to own homes in Catoosa County, GA:
Founded in 1846 and incorporated as a city in 1847, the city... Read More
Founded in 1846 and incorporated as a city in 1847, the city was named after Samuel Ringgold, a hero in the Mexican-American War. The town played a role in the Civil War; it was where the locomotive named The General stopped during the Great Locomotive Chase in 1862. There are still bullet holes in Ringgold Depot dating to the Civil War. And the Battle of Ringgold Gap took place there on November 27, 1863.The below results are primarily rent to own homes in Catoosa County, GA:
Ringgold is just 17 miles from the Chattanooga city center, and it’s about 100 miles northwest of Atlanta. The city is in the Valley and Ridge region of the Appalachian Mountains, so ridges and wide, rolling valleys characterize the landscape. The area has a humid subtropical climate, with average temperatures of 43 in January and 80 in August.
Buying a Home in Ringgold
Current home listings in Ringgold range from $69,900 to $259,900. The median home cost is $122,800, which is a full 34 percent below the national average. Approximately 60 percent of the residential real estate is owner occupied. Overall, the cost of living in Ringgold is nearly 14 percent below the national average.
The average age of Ringgold’s residents is 33.7, and about 54 percent of the population is married.
Catoosa County School District serves Ringgold. The district is comprised of ten elementary schools, three middle schools, and three high schools. The schools are rated well; GreatSchools rates them from 6 to 9 (out of 10). Still, families with school-aged children should check out the schools when looking for a neighborhood.
Popular Neighborhoods in Ringgold
The Ringgold area is comprised of seven constituent neighborhoods. On the west side is the Boynton/Blue Spring neighborhood. The residential real estate is primarily medium- to large-sized single-family homes and mobile homes, and most is owner occupied. It is a stable neighborhood as well; a high percentage of the residents have been there for at least five years. In general, the residences are established but not old, with many built after 1970. Several were built after 2000. The median home price is about $204,000.
To the northeast is the Indian Springs neighborhood, which extends north to the Tennessee border. The real estate is similar to that in the Boynton/Blue Spring area, but the median home price comes in a little lower, at $191,000. A high proportion of families with school-aged children makes this a family-friendly neighborhood; in fact, it is ranked in the top 15 percent of family-friendly communities in the state of Georgia.
Buying vs. Rent to Own Homes
It’s no surprise if you are already thinking about Ringgold as a place to live. Getting financing for a home, however, can be a difficult process. Many are taking advantage of rent-to-own opportunities. A portion of each month’s rent goes toward a down payment to eventually buy the house. Those who may not be able to afford a large outlay of cash for a down payment can still look forward to becoming proud homeowners.
Summary
Ringgold’s beautiful setting, mild climate, good schools, low cost of living, and family-friendly neighborhoods make it a city worth looking at. The quiet, small-town atmosphere is peaceful and relaxing. But if you want a little of what the big city offers, Chattanooga and Atlanta are never too far away. The best of both worlds!
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
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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