Rent to Own Homes in Seymour
Seymour is a census-designated place (CDP) located in East Tennessee, just over 10 miles southeast of Knoxville. This unincorporated community has portions in both Sevier County and Blount County. According to recent data from the United States Census Bureau, Seymour has a population of approximately 11,000 residents.The below results are primarily rent to own homes in :
Seymour is a census-designated place (CDP) located in East Tennessee, just over 10 miles southeast of Knoxville. This unincorporated community has portions in both Sevier County and Blount County. According to recent data from the United States Census Bureau, Seymour has a population of approximately 11,000 residents.The below results are primarily rent to own homes in :
Seymour is well-connected to nearby cities by local highways. Chapman Highway is the major thoroughfare to Knoxville. U.S. Route 411 takes travelers west to Maryville. Boyds Creek Highway links Seymour to Boyds Creek, its neighbor to the east. Route 411 and Chapman Highway merge in Seymour to provide a direct route to Sevierville, the county seat of Sevier County. The Seymour Herald keeps locals up-to-date on community news. There are also several print publications based out of Knoxville that are easily available to Seymour residents. The United States Census Bureau lists the median income for households in Seymour as approximately $54,400 per year. People living in Seymour are employed mostly in retail, manufacturing and education industries. Residents of Seymour enjoy the vast beauty of the nearby Great Smoky Mountains. Known as the Gateway to the Great Smoky Mountains National Park, Sevier County is home to the popular mountain destinations of Gatlinburg, Pigeon Forge and Sevierville. Thirty percent of the Great Smoky Mountains National Park is located within Sevier County, making this natural wonder easily accessible to Seymour locals.
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
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
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
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