Rent to Own Homes in Troutman
Troutman is a small town in west-central North Carolina that rests approximately 30 miles north of Charlotte, 45 miles southwest of Winston-Salem and 75 miles southwest of Greensboro. This location places residents a few miles east of Lake Norman State Park and a few miles west of Zootastic Park. Some of the biggest attractions within Troutman town limits include the Iredell County Fairgrounds, Troutman Park and the Iredell County Public Library. The town is also home to Davidson House, which is a nationally registered historic place.The below results are primarily rent to own homes in :
Troutman is a small town in west-central North Carolina that rests approximately 30 miles north of Charlotte, 45 miles southwest of Winston-Salem and 75 miles southwest of Greensboro. This location places residents a few miles east of Lake Norman State Park and a few miles west of Zootastic Park. Some of the biggest attractions within Troutman town limits include the Iredell County Fairgrounds, Troutman Park and the Iredell County Public Library. The town is also home to Davidson House, which is a nationally registered historic place.The below results are primarily rent to own homes in :
Positioned within Iredell County, this small town occupies approximately five square miles and is home to fewer than 3,000 residents. While there aren't many job opportunities in town, residents have a short commute to Charlotte, Hickory and other nearby towns. These larger cities have healthy economies and offer employment opportunities in healthcare, education, manufacturing and many areas of business. Many Troutman residents appreciate the peace and quiet that comes with living in a small town, and the annual community events held in town are big perks. Some of the more popular annual festivals include the Front Porch Fest, Party in the Park and the Troutman Independence Day Festival, Parade and Fireworks. Residents can also participate in multiple 5K races in addition to community events for Halloween and Christmas.
Buying vs. Rent to Own Homes
Renting to own a home and buying a home both have the same end goal – you own the house you’re interested in. The difference between the two is your timeline. Buying a property is a great idea if you’re sure about the property and you have financing to purchase it today.
Lease-options are a good idea when you’re having doubts about the house or if you’re not financially ready to own the house you’re looking at. They’re a good option if you almost have a high enough credit score, a steady enough job history or a big enough down payment to qualify for financing on the home, but you need some more time to qualify. Rent to own gives you time to get your affairs in order, ability to try out a house and flexibility to close on the home when you’re ready – without having to wait for the end of a lease.
To be clear, if you can buy a house today, you should do it. If you’re looking at buying within the next three years, rent to own is a good way to start the process.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
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