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Rent to Own Homes in Southaven

Overview

Stretching along the border of Tennessee and Mississippi, Southaven has a little of both states in its heart. Just south of the Memphis neighborhood of Whitehaven, Southaven residents travel back and forth between the two states seamlessly. Still, Southaven has its own character, a friendly small-town suburb with abundant sports and entertainment. The Memphis Hustle, a Memphis... Read More

Overview

Stretching along the border of Tennessee and Mississippi, Southaven has a little of both states in its heart. Just south of the Memphis neighborhood of Whitehaven, Southaven residents travel back and forth between the two states seamlessly. Still, Southaven has its own character, a friendly small-town suburb with abundant sports and entertainment. The Memphis Hustle, a Memphis Grizzlies NBA Gatorade League team, plays at Southaven’s Landers Center. The Mississippi RiverKings, a Southern Professional Hockey League team, also plays at Landers Center. If you prefer less competitive entertainment, Southaven Towne Center, Tanger Outlets and BankPlus Amphitheater are popular gathering spots.

Southaven is actually an important part of the entire Memphis metropolitan area and the biggest city in DeSoto County. Memphis International Airport is just five miles north of Southaven, so traveling regionally and around the world is convenient.

The below results are primarily rent to own homes in DeSoto County, MS:

Southaven Rent to Own Homes & Homes for Sale (110 Listings Found)
REO Foreclosure Hot

Horn Lake , MS 38637

3 Bedrooms, 2 Baths  

$209,900
More Details
New REO Foreclosure

Southhaven , MS 38672

 

$242,500
More Details
New HUD Foreclosure

Southaven , MS 38671

3 Bedrooms, 2 Baths  

$93,000
More Details
Pre-Foreclosure (Lis Pendens)

Southaven , MS 38672

3 Bedrooms  

$232,100
More Details
Pre-Foreclosure (Lis Pendens)

Southaven , MS 38672

3 Bedrooms  

$15,795
More Details
Pre-Foreclosure (Lis Pendens)

Southaven , MS 38672

3 Bedrooms  

$13,614
More Details
Pre-Foreclosure (Lis Pendens)

Southaven , MS 38672

3 Bedrooms  

$205,900
More Details
Pre-Foreclosure (Lis Pendens)

Southaven , MS 38672

3 Bedrooms  

$200,700
More Details
Pre-Foreclosure (Lis Pendens)

Southaven , MS 38672

3 Bedrooms  

$14,844
More Details
Pre-Foreclosure (Lis Pendens)

Southaven , MS 38672

3 Bedrooms  

$194,900
More Details
Pre-Foreclosure (Lis Pendens)

Southaven , MS 38672

3 Bedrooms  

$177,200
More Details
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Overview

Stretching along the border of Tennessee and Mississippi, Southaven has a little of both states in its heart. Just south of the Memphis neighborhood of Whitehaven, Southaven residents travel back and forth between the two states seamlessly. Still, Southaven has its own character, a friendly small-town suburb with abundant sports and entertainment. The Memphis Hustle, a Memphis Grizzlies NBA Gatorade League team, plays at Southaven’s Landers Center. The Mississippi RiverKings, a Southern Professional Hockey League team, also plays at Landers Center. If you prefer less competitive entertainment, Southaven Towne Center, Tanger Outlets and BankPlus Amphitheater are popular gathering spots.

Southaven is actually an important part of the entire Memphis metropolitan area and the biggest city in DeSoto County. Memphis International Airport is just five miles north of Southaven, so traveling regionally and around the world is convenient.

Buying a Home in Southaven

Southaven is known for its stately brick homes and nice neighborhoods. The median listing price for a Southaven home is $207,000, but the median closing price is a very affordable $125,000. With more than 300 homes on the market, houses here vary widely in size and price. Home prices rose slowly but fairly steadily over the past three years. Homes continue to sell more rapidly, too, within about a month-and-a-half of listing. If you’re serious about buying a home, be prepared to move quickly on your decision.

Buying vs. Rent to Own Homes

In a rising market like Southaven’s, renting to own offers many advantages. First, renting to own a home now allows you to lock in your home’s sale price today. So, even though you won’t be completing the sale for a couple of years, you can take advantage of today’s affordable prices. This is especially helpful if you’re not quite ready with your down payment and financing. Over the course of your rent to own contract, you can build up your financial health while paying a bit towards your home’s eventual purchase each month. Buying a home outright doesn’t give you this time and financial advantage.

Summary

Southaven, the “Top of Mississippi,” is an attractive community just 13 miles south of vibrant Memphis. Affordable homes in spacious neighborhoods are just part of the community’s appeal. The town is celebrated for its many barbecue joints and the largest collection of restaurants in Northern Mississippi. Southaven’s also popular for its professional sports teams like the NBA-affiliated Memphis Hustle and Mississippi RiverKings hockey team. Residents relish live music concerts at BankPlus Amphitheater at Snowden Grove and national youth baseball tournaments at Snowden Grove Park. For residents young and not-so-young, Southaven’s small-town neighborhoods and big-city entertainment are irresistible.

Rent to Own Realtors

Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.

Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.

So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.

About Our Listings

Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.

Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.

In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.

Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.

Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.

Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.

  • 38672
  • 38671

Reported Annual Crime In Southaven

Statistic Southaven Mississippi National
Murder 1 259 15,696
Rape 5 1,203 124,047
Robbery 27 862 327,374
Assault 26 2,294 764,449
Violent Crime 59 8,254 1,197,704
Burglary 128 84,790 1,579,527
Theft 1 24,799 5,706,346
Vehicle Theft 34 55,748 707,758
Property Crime 1 4,498 7,993,631

Cities Near Southaven

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Other Cities in Mississippi

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  • Rent to own homes in Meridian
  • Rent to own homes in Greenville
  • Rent to own homes in Vicksburg
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About Rent To Own Labs

Our goal is to help you find the ideal rent to own home. To do that, we’ve had to experiment with a lot of crazy things to make that happen (thus our name!). We’re consistently trying new things, working with new partners, and overall, trying to make your search experience as seamless as possible. At the end of the day, we know how important it is to find the perfect home, and we’re excited to help you find it, and to help you through the entire process.

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