Rent to Own Homes in Silsbee

Silsbee was settled as a railroad town in the late 1800’s. The community was named after investor Nathaniel Silsbee who provided financial support for the railroad project in the area. In its early days, the Silsbee economy was dependent on the operations of the successful Kirby Lumber Company, founded by John Henry Kirby. Children in Silsbee are served by the Silsbee Independent School District. Silsbee Independent School District is small, consisting of four schools: Laura Reeves Primary School, Silsbee Elementary School, Edwards-Johnson Memorial Silsbee Middle School and Silsbee High School. Residents do not need to travel to nearby Houston to enjoy shopping, dining or special events. These amenities are offered right in downtown Silsbee. The Ice House Museum is known for its display of local artwork and offers cultural programs that focus on the area’s past. Residents can enjoy a night out with live performances at the Silsbee Little Theater.

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

Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.

Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.

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.