Rent to Own Homes in Sachse
Sachse is a suburban city located approximately 25 miles northeast of Dallas in the northeastern corner of Texas. Fort Worth is about 55 miles southwest of the city, allowing residents to reach both of these larger cities within an hour. This gives Sachse residents a reasonable commute time to a long list of employment opportunities, but there are some jobs in healthcare, retail and education within city limits. Some of the largest employers within Sachse include the Garland Independent School District, the Wylie Independent School District, the City of Sachse and retail stores like Walmart and Kroger.The below results are primarily rent to own homes in :
Sachse is a suburban city located approximately 25 miles northeast of Dallas in the northeastern corner of Texas. Fort Worth is about 55 miles southwest of the city, allowing residents to reach both of these larger cities within an hour. This gives Sachse residents a reasonable commute time to a long list of employment opportunities, but there are some jobs in healthcare, retail and education within city limits. Some of the largest employers within Sachse include the Garland Independent School District, the Wylie Independent School District, the City of Sachse and retail stores like Walmart and Kroger.The below results are primarily rent to own homes in :
The city of Sachse was founded on land originally purchased by an immigrant known as William Sachse. He purchased land from Collin County to build cotton mills. There are now more than 20,000 people living within Sachse city limits, and the town is surrounded by large outdoor recreation areas. Some of the surrounding attractions include Breckinridge Park, Firewheel Golf Park, Pecan Hollow Golf Course, Rowlett Community Park, Spring Creek Forest Preserve and Woodbridge Golf Club. Some of the biggest attractions within Sachse include Salmon Park and Heritage Park. Residents are served by the Wylie and Garland Independent School Districts. Students attend Sachse High School, Hudson Middle School and a few elementary schools like Whitt Elementary School. Those falling within Garland ISD limits have the ability to choose their schools at will.
Buying vs. Rent to Own Homes
Renting to own a home and buying a home both have the same end goal – you own the house you’re interested in. The difference between the two is your timeline. Buying a property is a great idea if you’re sure about the property and you have financing to purchase it today.
Lease-options are a good idea when you’re having doubts about the house or if you’re not financially ready to own the house you’re looking at. They’re a good option if you almost have a high enough credit score, a steady enough job history or a big enough down payment to qualify for financing on the home, but you need some more time to qualify. Rent to own gives you time to get your affairs in order, ability to try out a house and flexibility to close on the home when you’re ready – without having to wait for the end of a lease.
To be clear, if you can buy a house today, you should do it. If you’re looking at buying within the next three years, rent to own is a good way to start the process.
Rent to Own Realtors
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
About Our Listings
Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
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