Rent to Own Homes in Universal City
Universal City is a part of Bexar County in the southern part of Texas. It shares a northeastern border with the larger city of San Antonio, is a part of the greater San Antonio Metropolitan Statistical Area, and is a neighbor to the Randolph Air Force Base. The United States Census Bureau measures the overall area of the city at 5.7 square miles of land with a population of around 18 thousand people. The city is home to the Universal City Public Library as well as Pat Booker Road which is the main thoroughfare through the city.The below results are primarily rent to own homes in :
Universal City is a part of Bexar County in the southern part of Texas. It shares a northeastern border with the larger city of San Antonio, is a part of the greater San Antonio Metropolitan Statistical Area, and is a neighbor to the Randolph Air Force Base. The United States Census Bureau measures the overall area of the city at 5.7 square miles of land with a population of around 18 thousand people. The city is home to the Universal City Public Library as well as Pat Booker Road which is the main thoroughfare through the city.The below results are primarily rent to own homes in :
Public education in Universal City is overseen by the Judson and Schertz-Cibolo-Universal City Independent School Districts. Judson Independent School District oversees five high schools, two alternative schools, five middle schools, and eighteen elementary schools. Schertz-Cibolo-Universal City Independent School District oversees three high schools, two junior high schools, three intermediate schools, and eight elementary schools. The first two schools to open in the area were Lower Valley School in 1877 and Green Valley School in 1887. Both schools have since closed, but not without being replaced by the high number of available public education options that Universal City and its close neighbors provide for residents' use.
Buying vs. Rent to Own Homes
Renting to own a home and buying a house have the same steps, just on different timetables.
When you buy a house, you either pay with cash or you make monthly payments to a mortgage or some other kind of financing option for a set time frame.
When you rent to own a home you pay an option fee, which is later credited toward the purchase of the home, and then you make monthly rent payments until you’re sure you want to buy this house and you can secure financing. Then, you do the same things you would if you were buying a house – just make sure you do it before the end of the lease term so that you don’t lose any of the money you’ve negotiated.
When you can choose between the two, buying might be the right option because your monthly payments will go towards equity in a home as opposed to someone else’s pocket. However, lease-options get you to the same place with a little more time.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
- 78148
- 78150