Rent to Own Homes in Saks
The city of Saks is actually a census designated place located in the northeastern... Read More
The city of Saks is actually a census designated place located in the northeastern area of the state of Alabama in Calhoun County. The CDP is a part of the greater Anniston-Oxford Metropolitan Statistical Area and has a population of just under eleven thousand people. A household median income for Saks residents sits at around 44 thousand dollars and a family median income sits at around 53 thousand dollars. Saks itself is settled on approximately 12.19 square miles of land, 0.04 square miles of which is water.The below results are primarily rent to own homes in :
The city of Saks is actually a census designated place located in the northeastern... Read More
The city of Saks is actually a census designated place located in the northeastern area of the state of Alabama in Calhoun County. The CDP is a part of the greater Anniston-Oxford Metropolitan Statistical Area and has a population of just under eleven thousand people. A household median income for Saks residents sits at around 44 thousand dollars and a family median income sits at around 53 thousand dollars. Saks itself is settled on approximately 12.19 square miles of land, 0.04 square miles of which is water.The below results are primarily rent to own homes in :
For public education, Saks has the Calhoun County School System. Within the CDP's boundaries, there is a single elementary school, a lone middle school, and one high school which serves younger residents of the community. The high school, Saks High School, is a big competitor in the Alabama High School Athletic Association in Class 4A. The high school's mascot is the wildcat. Larger cities in Calhoun County include: Anniston, Glencoe, Jacksonville, Oxford, Piedmont, Southside, and Weaver. There are also two larger towns, Hobson City and Ohatchee, as well as six other CDPs, nine unincorporated communities, and two ghost towns, Minden and Tooktocaugee, in the county's limits.
Buying vs. Rent to Own Homes
Renting to own a home is like a test drive for buying a house. It’s comparable to the car dealership letting you drive out of the lot with the car that you want (after you pay a small option fee) and telling you to come back when you have the money to pay the full price of it, as long as it is within the lease term. Then you make monthly lease payments until you’re ready to buy it.
You should lease-option when you’re close to getting financing for the home you’re looking to purchase, but need a bit more time (1-3 years) before you’re ready. And if you’re unsure about the house, you have more time to consider it from a more personal perspective.
Similarly to test driving a car, once you’re sure that this is the house you want and you have the money to purchase it, you should buy it as soon as possible. There’s no sense in paying rent money for longer than you need to. Rent to own also gives you the flexibility to close on a home whenever you’re ready to. It’s a mix of the best parts of renting and buying.
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 rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.