Rent to Own Homes in Taylorsville
The seat of Alexander County, Taylorsville is about an hour’s drive southwest of Winston-Salem and an hour’s drive northwest of Charlotte. About 2,000 people live in the town, reporting a family median income of $34,063. Taylorsville is part of the Hickory-Lenoir-Morgantown Metropolitan Statistical Area, which has a population of about 366,000 people.The below results are primarily rent to own homes in :
The seat of Alexander County, Taylorsville is about an hour’s drive southwest of Winston-Salem and an hour’s drive northwest of Charlotte. About 2,000 people live in the town, reporting a family median income of $34,063. Taylorsville is part of the Hickory-Lenoir-Morgantown Metropolitan Statistical Area, which has a population of about 366,000 people.The below results are primarily rent to own homes in :
Local employment is boosted by a variety of furniture manufacturing companies and their suppliers. Some of the furniture-related companies located in Taylorsville include Masterfield Furniture, Kincaid Furniture, Piedmont Wood Products, Royale Comfort Seating, Taylor King Furniture, Paladin Industries, Jonathan-Wesley Upholstery, Ideal Frame Company, Davis Specialty Products and Daniels Woodcarving. Employment in textile, restoration, transportation, plastics and high-tech insulation is also strong here, with companies like Alexander Railroad Company, Carolina Glove Company, Composite Fabrics of America, Dura-Craft Die, International Materials Group, Liberty Reload Services, Paragon Films and Triumph Insulation Services. Alexander County School District provides the public schools for Taylorsville families, including Taylorsville Elementary School, West Alexander Middle School and Alexander Central High School. The Alexander campus of Catawba Community College is also located in Taylorsville. With three local parks in town and Rocky Face Mountain Recreational Area nearby, locals enjoy a variety of sports and recreation options, from tennis and baseball to boating and hiking. There are also golf courses, water parks, raceways and motorsports parks located in and around Taylorsville. The town’s history dates back to 1847 when three designees of Alexander County and a designee each from Caldwell County, Iredell County and Wilkes County were tasked with finding a site for the town.
Buying vs. Rent to Own Homes
Rent to own gives you anywhere between a few months and three years time to prepare for buying a home. It’s more costly than buying outright because you’ll be paying rent to the owner instead of building equity by paying off the mortgage; but, it’s much better than renting because you have the option to buy and stop the rent payment process whenever you’re ready.
Lease-options help set you up for a home purchase in the not-so-distant future.
That’s not to say that because you aren’t ready to buy you should rent to own. If you need more than three years before you’re ready to purchase a home, you shouldn’t rent to own. Instead, you should wait until you’re at least less than three years away from qualifying to buy a home before signing your lease-option because, if the lease term ends and you’re not ready to buy, you’ll lose the money you invested in an option fee and any other money you’ve negotiated from the seller.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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