Rent to Own Homes in Stone Mountain
It is divided into two sections: Downtown, or Historic Stone Mountain and Greater Stone Mountain. City of Stone Mountain Police Department serves the Downtown area, while DeKalb County Police serve the unincorporated Greater Stone Mountain. While many of the residents commute to the Atlanta area for work, retail, administration, and tourism to Stone Mountain contributes to the City of Stone Mountain’s economy. Schools in Stone Mountain are part of DeKalb County Schools.The below results are primarily rent to own homes in Rabun County, GA:
It is divided into two sections: Downtown, or Historic Stone Mountain and Greater Stone Mountain. City of Stone Mountain Police Department serves the Downtown area, while DeKalb County Police serve the unincorporated Greater Stone Mountain. While many of the residents commute to the Atlanta area for work, retail, administration, and tourism to Stone Mountain contributes to the City of Stone Mountain’s economy. Schools in Stone Mountain are part of DeKalb County Schools.The below results are primarily rent to own homes in Rabun County, GA:
The arts are a high priority in the city. There is a large carving in Stone Mountain depicting Confederate military leaders, Stone Mountain Park, and the Discovering Stone Mountain Museum. The Tour of Southern Ghosts is held in Downtown Stone Mountain. These are all tourist draws for people from around the country. The arts play an important role in the City of Stone Mountain. It’s home to the Stone Mountain Arts Incubator Program and the ART Station Contemporary Arts Center and Theater Company.
Buying a Home in Stone Mountain?
Stone Mountain is an excellent place to buy a home and is a great investment. The median house prices is just over $88,000, nearly half the state median price. The cost of living and unemployment rate in Stone Mountain are lower than the national averages. Stone Mountain also has a lower than average crime rate.
Stone Mountain is a safe place to live with numerous amenities. With several well-kept parks, there are wonderful green spaces for outdoor activities and recreation. The Sue Kellogg Library is an excellent local resource, and there is a lovely community garden.
Buying vs Rent to Own Homes?
For many people wanting to own a home, qualifying for a traditional mortgage is out of reach. To prequalify, you must have clean credit, a large down payment, and meet several qualification factors. From there, you can start looking for your home, but the buying process can be lengthy and stressful. Renting to own a home is much easier. The monthly rent goes toward the down payment, and you can live in your home while you work towards qualifying for your mortgage.
Conveniently located to Atlanta while having all the benefits of small town living, Stone Mountain, Georgia is a great place to buy a home. With its low cost of living and low median housing prices, Stone Mountain is affordable while still offering lovely parks, great schools, and a library. The economy is strong with the City of Stone Mountain benefitting tourism from the local attractions, including Stone Mountain and the Tour of Southern Ghosts.
Summary
Conveniently located to Atlanta while having all the benefits of small town living, Stone Mountain, Georgia is a great place to buy a home. With its low cost of living and low median housing prices, Stone Mountain is affordable while still offering lovely parks, great schools, and a library. The economy is strong with the City of Stone Mountain benefitting tourism from the local attractions, including Stone Mountain and the Tour of Southern Ghosts.
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
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
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