Rent to Own Homes in Salisbury
The Rowan Salisbury School System is a consolidated venture between the neighboring communities, and the Salisbury city schools are highly ranked according to national placement scores. The Salisbury community appearance is one that bespeaks pride in local education as well as civic engagement. This makes the city an excellent location to start or raise a family.The below results are primarily rent to own homes in Rowan County, NC:
The Rowan Salisbury School System is a consolidated venture between the neighboring communities, and the Salisbury city schools are highly ranked according to national placement scores. The Salisbury community appearance is one that bespeaks pride in local education as well as civic engagement. This makes the city an excellent location to start or raise a family.The below results are primarily rent to own homes in Rowan County, NC:
The Salisbury railroad corridor is a bustling hub that services an Amtrak line as well as the Salisbury Southern Railroad. Local attractions include the Salisbury National Cemetery and a thriving downtown cultural arts community which regularly showcases the creative work of local residents. The local television news market is served by Charlotte affiliates, and local news is still provided by the Salisbury Post which was founded in 1905 and continues to be published daily.
Buying a Home in Salisbury?
Homes in Salisbury fall significantly below the national median, with prices averaging $121,000. The average monthly mortgage payment is $1,100 and 63% of local homeowners pay less than 30% of their income toward housing costs. This has created many opportunities for singles and families to purchase a nice home in this peaceful locale. While the home sales market is competitive with almost half of all housing units being owner occupied, around five percent of the housing units in the city are available for purchase at any given time.
84% of the homes in Salisbury were built after 1990, giving the city a modern feel. Slightly more than half of the city's housing units are medium-sized to large with three or more bedrooms.
Popular Neighborhoods in Salisbury?
The Faith neighborhood which borders the city's southern tip is one of the most quiet Salisbury has to offer. Almost 60% of the residents here are married couples between the ages of 30 and 64. The neighborhood is very walkable and has a low crime rate. At the northern tip of the city rests Ellis Crossroads, home to many middle-aged couples. This community is very close to Boone's Cave Park, a popular local attraction.
Buying vs. Rent to Own Homes?
A competitive housing market such as the one found in Salisbury can often present difficulties for those seeking a traditional mortgage. A wise alternative can be the consideration of a rent to own home. These homes allow the prospective buyer an opportunity to feel out their surroundings and explore the suitability of the home while applying a portion of their monthly rent to ownership. It is also much easier to relocate should a move become necessary since there is no obligation to sell the home.
Cost of Living in Salisbury?
Salisbury offers one of the most attractive housing markets in the United States with housing costs being 28% lower than they are throughout the nation as a whole. Groceries tend to cost slightly more than they do nationally, while utilities are 10% less expensive. The most expensive index in Salisbury is healthcare. It is roughly 11% higher than the national average. The cost of transportation and goods and services also presents some value.
Those with a fondness for history will love Salisbury, North Carolina. With over ten historic districts that can be explored by walking, there are plenty of attractions in this central North Carolina town to enjoy. Life in Salisbury is very reflective of the pace associated with small town America, and its low crime rates and exceptional school system have made it appealing to families.
Summary
Those with a fondness for history will love Salisbury, North Carolina. With over ten historic districts that can be explored by walking, there are plenty of attractions in this central North Carolina town to enjoy. Life in Salisbury is very reflective of the pace associated with small town America, and its low crime rates and exceptional school system have made it appealing to families.
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
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
- 28146
- 28147
- 28144
- 28145