Rent to Own Homes in Thomasville
Families are especially fond of Thomasville thanks to the Thomasville City School District. The district maintains several highly rated campuses in the city which serve to educate more than 3,100 students. The Thomasville Scholars Academy was established in 2006 and provides advanced level and honors classes to students who show extraordinary aptitude. The academy also operates the Thomasville City Virtual School, an innovative computer lab. High school students must undergo a stringent application process to be accepted. The Thomasville City Schools are some of the most highly rated in the state.The below results are primarily rent to own homes in Thomas County, GA:
Families are especially fond of Thomasville thanks to the Thomasville City School District. The district maintains several highly rated campuses in the city which serve to educate more than 3,100 students. The Thomasville Scholars Academy was established in 2006 and provides advanced level and honors classes to students who show extraordinary aptitude. The academy also operates the Thomasville City Virtual School, an innovative computer lab. High school students must undergo a stringent application process to be accepted. The Thomasville City Schools are some of the most highly rated in the state.The below results are primarily rent to own homes in Thomas County, GA:
The Thomasville Rose Garden is arguably the city's most popular attraction. Nestled within the Cherokee Lake Park, the garden has 85 beds of different rose varieties which are cared for by the city. The garden is also the focal point of the Rose Festival which is held yearly in April. The city also plants and cares for more than 1,000 roses throughout its municipal boundaries.
Buying a Home in Thomasville
One might think that such a beautiful city would not be very affordable. The truth is that homes in Thomasville are priced much lower than the national median. The average cost of a home in the city is $130,400. Those who opt for traditional financing can expect an average monthly mortgage payment of $1,160. Slightly less than half of the homes in Thomasville are owner-occupied.
Many homes in the city are very modern and most are less than 25 years old. There are numerous older units, however, which contribute to the city's quaint, old fashioned appeal. More than 60% of the homes in the city have three or more bedrooms.
Popular Neighborhoods in Thomasville
The Pasco neighborhood on the west side of Thomasville offers some of the most affordable and quiet living accommodations the city has to offer. Homes in this walkable, quiet community are priced below the city median. The area borders one of the city's major hospitals and is occupied by an even number of married couples and singles. The Dillon neighborhood is adjacent to Pasco on the east side of the city and is largely rural. The majority of residents are married couples.
Buying vs. Rent to Own Homes
Buying a home is a time of combined excitement and anxiety. The enthusiasm of becoming a homeowner can often be tempered by the harsh realities of qualifying for a mortgage loan. A less frustrating option can be a rent to own home. These homes permit buyers to allocate a portion or all of their monthly rent to eventual ownership without the hassles of traditional financing. In addition, these arrangements provide more flexibility than a conventional purchase.
Summary Quiet neighborhoods, a superior school system, and beautiful landscaping throughout the city are three factors which make Thomasville one of the best places to live in Georgia. The city is known for its beautiful rose garden, rich history, and old plantation homes. It is second in size only to Albany among cities located in Southwest Georgia.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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