Rent to Own Homes in Roxboro
Before being named Roxboro – after the city of Roxburgh, Scotland – the town was known as Moccasin... Read More
Before being named Roxboro – after the city of Roxburgh, Scotland – the town was known as Moccasin Gap. It was incorporated as Roxboro in 1855, although the area was first settled as early as 1720, and Person County was established in 1791.The below results are primarily rent to own homes in Person County, NC:
Before being named Roxboro – after the city of Roxburgh, Scotland – the town was known as Moccasin... Read More
Before being named Roxboro – after the city of Roxburgh, Scotland – the town was known as Moccasin Gap. It was incorporated as Roxboro in 1855, although the area was first settled as early as 1720, and Person County was established in 1791.The below results are primarily rent to own homes in Person County, NC:
There is plenty to do in Roxboro and its environs. A two day festival named “Personality” is held each year in August and attracts thousands of people. It includes vendors, rides, music, food, and street dancing. The Lake Mayo Canoe/Kayak Festival is a one-day event held on Lake Mayo, just a couple miles from Roxboro. The Willow Creek Bluegrass Festival is held each June and September and features local, state, and national bluegrass bands as well as camping and food. The Shrimp Fest is usually held in May. The Roxboro Motorsports Dragway is a 1/8 mile strip that holds car, truck, and bike events throughout the year.
Several buildings in Roxboro are on the National Register of Historic Places, including the Roxboro Commercial Historic District (48 buildings), the Roxboro Cotton Mill, and Roxboro Male Academy.
Buying a Home in Roxboro
The median home price in Roxboro is about $86,000, which is less than half the national average. Recent home listings range from $38,900 to $675,000 (this house has a Roxboro address but is a bit north of town on Lake Mayo). The overall cost of living is about 13 percent below the national average.
The median age of Roxboro’s residents is 37.3, and about 32 percent of the population is married. About 48 percent of the residential real estate is owner occupied.
Buying vs. Rent to Own Homes
It’s no surprise if Roxboro’s small-town friendliness, historical atmosphere, and low housing cost are already pulling you in. But buying a home can be a long, complicated process. Many are opting instead for rent-to-own arrangements. Renters agree to live in a home for a specified period of time, and each month a portion of the rent goes toward a down payment to buy the home. It’s easier and simpler because it doesn’t require a large outlay of cash as a down payment, and renters can look forward to becoming proud homeowners.
Summary
Roxboro features mild autumns, winters and springs, and hot, humid summers. Average high temperatures are 48 in January and 86 in August. Although a small town, there is plenty to see and do in Roxbury and Person County. Two nearby lakes – Mayo Lake and Hyco Lake – make outdoor activities such as camping, hiking, canoeing, kayaking, fishing, and picnicking easy and convenient. And for fine dining, shopping, nightlife, entertainment, and even employment, the cities of Durham and Raleigh are within an hour’s drive.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
About Our Listings
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
- 27574
- 27573