Rent to Own Homes in Sweetwater
Settled in the 1850’s, the town was founded by Isaac Lenoir, son of the founder... Read More
Settled in the 1850’s, the town was founded by Isaac Lenoir, son of the founder of nearby Lenoir City. Officially incorporated in 1875, Sweetwater was named for the nearby Sweetwater Creek. Craighead Cavern and the Lost Sea, an underground lake, are located here, which draws visitors. It was also home to Tennessee Meiji Gakuin, a boarding school for Japanese high school students, until it closed in 2007.The below results are primarily rent to own homes in Monroe County, TN:
Settled in the 1850’s, the town was founded by Isaac Lenoir, son of the founder... Read More
Settled in the 1850’s, the town was founded by Isaac Lenoir, son of the founder of nearby Lenoir City. Officially incorporated in 1875, Sweetwater was named for the nearby Sweetwater Creek. Craighead Cavern and the Lost Sea, an underground lake, are located here, which draws visitors. It was also home to Tennessee Meiji Gakuin, a boarding school for Japanese high school students, until it closed in 2007.The below results are primarily rent to own homes in Monroe County, TN:
With an unemployment rate lower than state average, the economy is driven by a combination of agricultural, manufacturing, and sales. While the Sweetwater area is surrounded by farmland, there is also a chemical plant and a stove factory in town. Some residents of the area commute to nearby towns or to Knoxville.
Buying a Home in Sweetwater?
Sweetwater is an excellent place to buy a home. The cost of living is 20 percent lower than national average, and the median home price is only $114,000, making Sweetwater much more affordable than many towns of similar size, while the median income of households is over $35,000 a year. The low crime rate of the town combines with a large rate of home ownership show that the town is great for raising a family and making a permanent home here.
The Sweetwater School District serves the area and is comprised of Sweetwater Primary, Sweetwater Elementary, Brown Intermediate, and Sweetwater Junior High. Sweetwater High School is located in town but is part of the Monroe County School District. They are small schools with small class sizes and are all located within the town.
Buying vs Rent to Own Homes?
Home ownership is a goal for many people, but qualifying for a mortgage can be a long, stressful process that requires a large down payment, paperwork, and clean credit. Renting to own a home can allow you to find and live in your dream home with the understanding that you will buy the home. The rent goes towards your down payment and gives you time to ready everything to get a mortgage. Renting to own gives people who might not have been able to qualify for a mortgage the ability to fulfill the dream of owning their own home.
Located in a picturesque valley in the foothills of the Great Smoky Mountains, Sweetwater, Tennessee is a great city to buy a home. Only 40 minutes from Knoxville, Sweetwater is conveniently located to the amenities of a large city while offering the safety, small schools, and low cost of living of a small city.
Summary
Located in a picturesque valley in the foothills of the Great Smoky Mountains, Sweetwater, Tennessee is a great city to buy a home. Only 40 minutes from Knoxville, Sweetwater is conveniently located to the amenities of a large city while offering the safety, small schools, and low cost of living of a small city.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
About Our Listings
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These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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