Rent to Own Homes in Scottsboro
Home to more than 14,000 residents, Scottsboro serves as the government seat of Jackson County. It is located in the northeast corner of Alabama, near the state lines of Georgia and Tennessee.The below results are primarily rent to own homes in :
Home to more than 14,000 residents, Scottsboro serves as the government seat of Jackson County. It is located in the northeast corner of Alabama, near the state lines of Georgia and Tennessee.The below results are primarily rent to own homes in :
Scottsboro holds an important place in American history as the site of the legendary Scottsboro Boys trials. The Scottsboro Boys case led to the landmark United States Supreme Court decision that criminally accused Americans have a right to effective defense counsel. The Scottsboro Boys trial is also considered the harbinger of the modern-day Civil Rights Movement. Honoring this important historical event is the town’s Scottsboro Boys Museum and Cultural Center which showcases memorabilia from the 1930s trials as well as videos and educational exhibits. Present-day Scottsboro is probably most famous as the home of the Unclaimed Baggage Center, which purchases unclaimed luggage from national airlines and sells it to the public. The shop’s merchandise is always changing, but it often features electronics, clothing and jewelry. New merchandise is revealed Monday to Saturday at 2:30 p.m. when new unclaimed luggage is opened in front of shoppers. Services for Scottsboro residents are plentiful. The City of Scottsboro handles all local waste management, offers a recycling program and operates its own landfill. The city also provides a variety of parks, including the 44-acre Bynum Park sports complex and the lakefront City Park. With Lake Guntersville adjacent to the city, boating, fishing and camping are popular local pastimes. The lake was created by damming the Tennessee River, so many river activities are nearby too. Locals get their news from the Scottsboro Daily Sentinel and the weekly newspaper, The Clarion.
Buying vs. Rent to Own Homes
If you’re looking to purchase a home, you could fall into three categories: ready to buy, ready to rent to own and rent a bit longer. Buying is your best option, so if you’re ready, you should. Rent to own is also a good option because it sets you on course to buy a property soon.
If you’ll be ready to buy a property within the next three years, rent to own is the right option for you. Your lease term should be at least six months longer than how much time you need to qualify for financing; that way, you have some buffer room in case something goes wrong. Whenever you are ready, you can close on the home and start building equity on it.
If it’s going to take more than three years for you to qualify for financing, keep renting until you’re less than three years away. Just because rent to own isn’t right for you now doesn’t mean it won’t be in the future.
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
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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