Rent to Own Homes in Waxahachie
This city of about 33,000 residents is just south of the southern suburbs of Dallas. Along with its proximity to the Dallas-Fort Worth metroplex, it is about 65 miles from Waco and 220 miles from Houston. Within the city limits is Lake Waxahachie, a popular place for local anglers.The below results are primarily rent to own homes in Ellis County, TX:
This city of about 33,000 residents is just south of the southern suburbs of Dallas. Along with its proximity to the Dallas-Fort Worth metroplex, it is about 65 miles from Waco and 220 miles from Houston. Within the city limits is Lake Waxahachie, a popular place for local anglers.The below results are primarily rent to own homes in Ellis County, TX:
A United States naval ship, a Natick-class large harbor tug, was named after the city and went into service in 1972. She was based in Pearl Harbor, Hawaii until 1980. Reclassified in 2007, the name was changed to IX-545, and was removed from the Navy list in 2011.
Buying a Home in Waxahachie
The median home cost in Waxahachie is about $189,000, which is two percent over the national average. Current home listings range from $60,000 to $1.9 million. Many homes are available in the $400,000+ range. About 60 percent of the residential real estate is owner occupied. The overall cost of living is, like the housing, about 2 percent above the national average.
The median age of the residents is 31.8, and about 53 percent of the population is married. The median annual family income is approximately $50,000. All of this means it’s a great place for young families with children.
The Waxahachie Independent School District serves the city. The district is comprised of nine elementary schools, two middle schools, a ninth grade center, and two high schools – Waxahachie High School and Waxahachie Global High School.
Popular Neighborhoods in Waxahachie
Nine constituent neighborhoods make up this Texas city. The neighborhood to the northeast, known as Ike, is primarily made up of medium- to large-sized single family homes and motor homes, and most is owner occupied. The area is established but not old, with many homes built since 1970, and several since 2000. It’s rated in the top nine percent of Texas neighborhoods for retirees. The median home cost is about $323,000.
To the west is the Sardis neighborhood. The real estate picture is similar to that in Ike. Many homes were built since 2000, and it is rated among the top five percent of family-friendly neighborhoods in the entire Lone Star State. The median home cost is $236,000.
Buying vs. Rent to Own Homes
Waxahachie may already sound appealing because of its good neighborhoods and proximity to the Dallas-Fort Worth area. But financing a home can be a long, complicated process requiring pre-qualification and a sizable down payment. You may think that home ownership is out of reach. However, many are taking advantage of rent-to-own options. A portion of each month’s rent is put toward a down payment to eventually purchase the home. Renters who may not be able to afford a large down payment still have the prospect of becoming proud homeowners.
Summary
Waxahachie is far enough from the Dallas-Fort Worth area to escape the tendrils of big-city life with its traffic and noise, but close enough so that such amenities as fine dining, shopping, entertainment, nightlife, and even employment are well within reach. Job growth is predicted to be more than 42 percent over the next ten years. Together with a low crime rate and family-friendly neighborhoods, this is a city you should definitely think about if you’re considering a place to settle down.
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
When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.
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