Rent to Own Homes in Smyrna
Smyrna is home to Nissan Motors Manufacturing, where locals manufacture the electric Nissan Leaf. Thanks to the Nissan plant and local employers like Asurion, Stonecrest Medical Center and Vi-Jon, the median income in Smyrna is a generous $52,516.The below results are primarily rent to own homes in Rutherford County, TN:
Smyrna is home to Nissan Motors Manufacturing, where locals manufacture the electric Nissan Leaf. Thanks to the Nissan plant and local employers like Asurion, Stonecrest Medical Center and Vi-Jon, the median income in Smyrna is a generous $52,516.The below results are primarily rent to own homes in Rutherford County, TN:
Part of what sets Smyrna apart from other small towns is its abundance of entertainment and recreation. Locals like to socialize and dine at Smyrna Town Centre, hone their swings at Smyrna National Golf Course and honor their fascinating Civil War history at Sam Davis House. Ample parks and the scenic Stones River ensure that life is rarely boring in Smyrna.
Buying a Home in Smyrna?
House hunters in this inviting Rutherford County town enjoy a variety of options, with 50 to 65 homes placed on the market each month. While Smyrna home prices increased about 10 percent in the past year, the average list price is still affordable. Locals can find a few homes on the market for $50,000 to $100,000, but these account for less than 2 percent of available homes. About half of the remaining inventory of homes are in the $100,000 to $200,000 range, and the other half are in the $200,000 to $500,000 range. These affordable home prices are further complemented by the city’s low property tax rates.
Popular Neighborhoods in Smyrna?
With its low crime rate and friendly atmosphere, most neighborhoods in Smyrna are excellent choices. Many families enjoy the spacious homes and generous backyards of homes in the Rocky Fork area. Schools in this area are highly rated. There are also a variety of new home communities like Lenox of Smyrna and Woodmont offering ample community recreation and maintenance-free living. Singles, retirees and those looking for more compact homes will also find a number of townhouse options on Legacy Drive and Heath Place.
Buying vs. Rent to Own Homes?
First-time homebuyers and those who have credit issues find great freedom with rent to own homes. Rather than getting stuck in the paperwork nightmare and tough financial requirements of a conventional home purchase, rent to own homebuyers enjoy flexibility and control over the process. The rent to own contract is often coordinated directly between the seller and the buyer, so it’s a more casual arrangement than a traditional home purchase. Also, credit requirements are usually more lenient with rent to own homes, and there’s time to build up a down payment and arrange a mortgage.
Cost of Living in Smyrna?
Smyrna residents can hang onto their wallet a little tighter since the cost of living is very affordable. Housing, in particular, is extremely economical, costing 7 percent less than the national average. Other costs are equally low. Utilities are 14 percent less expensive here, medical costs are 9 percent cheaper and transportation is 9 percent more affordable than in the rest of the country. Even groceries are a deal in Smyrna, saving residents about 7 percent on their overall food bills. Overall, Smyrna locals can expect to spend 93 cents for every dollar that other U.S. citizens pay on living expenses.
Smyrna is a welcoming Middle Tennessee town with excellent employment opportunities, gorgeous scenery and extremely affordable living. Between fishing at Percy Priest Lake and strolling the city’s seven miles of trails, locals easily stay active. For many locals, the dream of homeownership is realized with affordable home prices and low property taxes. Whether you’re looking for your first home in Rocky Forks neighborhoods or a comfortable place to retire in Lenox of Smyrna, Smyrna is an excellent location. It’s no wonder the city earned a place as one of the best retirement place in the country by U.S. News and World Report.
Summary
Smyrna is a welcoming Middle Tennessee town with excellent employment opportunities, gorgeous scenery and extremely affordable living. Between fishing at Percy Priest Lake and strolling the city’s seven miles of trails, locals easily stay active. For many locals, the dream of homeownership is realized with affordable home prices and low property taxes. Whether you’re looking for your first home in Rocky Forks neighborhoods or a comfortable place to retire in Lenox of Smyrna, Smyrna is an excellent location. It’s no wonder the city earned a place as one of the best retirement place in the country by U.S. News and World Report.
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.
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