Rent to Own Homes in Washington
Washington lies in the northeast portion of Georgia, halfway between Augusta and Athens. Atlanta is found 90 miles to the west of this centrally-located city. According to the United States Census Bureau, the population of Washington approaches 4,000 residents.The below results are primarily rent to own homes in :
Washington lies in the northeast portion of Georgia, halfway between Augusta and Athens. Atlanta is found 90 miles to the west of this centrally-located city. According to the United States Census Bureau, the population of Washington approaches 4,000 residents.The below results are primarily rent to own homes in :
Washington is located in Wilkes County, established in 1777 as the first county in the state of Georgia. The city of Washington serves as the county seat of Wilkes County today. Washington has a rich history, dating as far back as the American Revolution. One of the most important battles of the American Revolutionary War, the Battle of Kettle Creek, was fought a short distance from where Washington lies today. Washington is also thought to be the location of the final meeting of the Confederate Cabinet, led by Jefferson Davis. Washington is home to a number of historic sites. The Wilkes County Courthouse and the Washington-Wilkes Historic Museum are two well-known landmarks that give residents a glimpse into the area's past. Children living in Washington, or Washington-Wilkes as it is sometimes called, are served by the Wilkes County School District. Wilkes County Schools is a close-knit district, consisting of one primary school, one elementary school, one middle school and one high school.
Buying vs. Rent to Own Homes
The difference between buying a home and signing up for a lease-option depends on your timeframe and how much money you spend on buying the house.
When you buy a house outright, you pay for the fair market value of the home plus interest and other fees charged by your financial lender, if you have one. You buy the property today and immediately start building equity in it.
However, when you rent to own, you won’t own the home until you close on the property, which could be as far as three years from today. You’ll also pay rent monthly, and you don’t get that money back.
There are some fees that you pay for rent to own that you’ll get back as a credit towards the price of your home, like option fees and rent credits. These count as equity on the home, but they’re not on the scale of equity you would build with a mortgage. Therefore, these don’t add anything on to the price you pay for the home the way that rent does.
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
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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