Rent to Own Homes in Riverdale
The area was settled before the Civil War and incorporated as Riverdale in 1908. It was named after W. S. Rivers, who owned land in the area as well as the entire business district. He made a generous donation of land to the railroad, allowing Riverdale to become a main stop.The below results are primarily rent to own homes in Clayton County, GA:
The area was settled before the Civil War and incorporated as Riverdale in 1908. It was named after W. S. Rivers, who owned land in the area as well as the entire business district. He made a generous donation of land to the railroad, allowing Riverdale to become a main stop.The below results are primarily rent to own homes in Clayton County, GA:
Riverdale is only 12 miles from downtown Atlanta and just five miles from Hartsfield-Jackson Atlanta International Airport, one of the nation’s busiest airports. Macon is just 75 miles to the south on I-75, and Augusta is about 150 miles to the east.
Mild winters and hot summers also make Riverdale an attractive place to live. In the hottest month – July – high temperatures average about 80 degrees, while January highs average around 40.
Buying a Home in Riverdale
The median home price in Riverdale is about $83,000, not bad for a city that is just a stone’s throw from the metropolis of Atlanta. In fact, the cost of living in Riverdale is over 17 percent below the national average. The largest contributing factor to this is the cost of housing, a whopping 55 percent below the national average. Just about half of the residential real estate is owner occupied. The median age in Riverdale is about 32, and 39 percent of the population is married.
Riverdale is in the Clayton County School System, and there are two elementary, a middle school, a high school, and a Catholic school within the city limits. Not all of the schools are rated highly, so families with school-aged children should take some time to check out the schools when considering which neighborhood to settle in. Clayton State University is also located in Riverdale.
Popular Neighborhoods in Riverdale
The Route 138/W Fayetteville Rd. neighborhood features medium- to large-sized homes and townhomes. In fact, 96.6 percent of the real estate is single-family free standing homes. Add to this the fact that most of the residential real estate is owner occupied, and this area clearly is a family-friendly place to live. The median home price here is about $141,000.
Just to the north is the W Fayetteville Rd/Flat Shoals Rd. area. This neighborhood is quite similar to the one mentioned above, but the median home price comes in a bit lower at $133,000.
Buying vs. Rent to Own Homes
Riverdale may already be calling to you with its low housing cost, mild climate, and proximity to the alpha city of Atlanta. Even so, getting financing for a home is a big – and often difficult – step. Instead of biting that off all at once, many are taking advantage of rent-to-own options. A portion of each month’s rent goes toward a down payment to eventually buy the house. Without a huge layout of cash, renters can become happy homeowners.
Summary
With cultural events – which include an annual music festival and summer concert series – along with a low cost of living, family-friendly neighborhoods, and the world class city of Atlanta at its doorstep, Riverdale is a contender for those who want a pleasant place where they can escape from the city to a small town, but still have all the conveniences and amenities of big-city life.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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