Rent to Own Homes in Walls
Walls is located in the northwest corner of Mississippi, approximately 15 miles south of Memphis, Tennessee. This DeSoto County town lies close to the Mississippi River and is considered to be a part of the Memphis, Tennessee metropolitan area. According to the United States Census Bureau, the population of Walls approaches 1,400 residents.The below results are primarily rent to own homes in :
Walls is located in the northwest corner of Mississippi, approximately 15 miles south of Memphis, Tennessee. This DeSoto County town lies close to the Mississippi River and is considered to be a part of the Memphis, Tennessee metropolitan area. According to the United States Census Bureau, the population of Walls approaches 1,400 residents.The below results are primarily rent to own homes in :
Walls was named in honor of Captain June Walls, who fought in the Civil War. Captain Walls was known as a settler and local merchant in the area in the late 1800's. Information exists that describes much earlier times in the region that we now know as Walls. The Walls Site was discovered by archeologists as a Mississippian Culture settlement that existed sometime between 800 C.E. and 1600 C.E. The area was occupied by the Walls Phase, the last group of people to inhabit the region prior to the arrival of European settlers. Children living in the Walls community are served by the DeSoto County School District. The district consists of 22 elementary and intermediate schools, eight middle schools and eight high schools. The economy of Walls relies heavily on agriculture. Cotton, soybeans, corn and rice are all grown in abundance in fields that surround the Walls community.
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
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
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.
- 38680
- 38686