Rent to Own Homes in Waycross
While there are a lot of new buildings and residential communities springing up in Waycross, the city also makes an effort to preserve the historical buildings still standing. Most of these properties are located in the Waycross Historic District or the Downtown Waycross Historic District. From the U.S. Post Office and Courthouse to the Obediah Barber Homestead, this city is also home to several buildings listed on the National Register of Historic Places.The below results are primarily rent to own homes in Ware County, GA:
While there are a lot of new buildings and residential communities springing up in Waycross, the city also makes an effort to preserve the historical buildings still standing. Most of these properties are located in the Waycross Historic District or the Downtown Waycross Historic District. From the U.S. Post Office and Courthouse to the Obediah Barber Homestead, this city is also home to several buildings listed on the National Register of Historic Places.The below results are primarily rent to own homes in Ware County, GA:
For medical needs, most residents in Waycross depend on the Satilla Regional Medical Center. Families are served by the Ware County School District, which includes one high school, two middle schools, more than five elementary schools and one preschool. Students also have the option of attending the one private school in town, Southside Christian School. Options for higher education include South Georgia State College and Coastal Pines Technical College.
Buying a Home in Waycross?
It's common for buyers to pay $50 per square foot or less for homes in Waycross. The median listing and sales prices are securely below $100,000, making this one of the most affordable housing markets in Georgia. These prices have allowed more than 70 percent of residents to purchase homes, and the city is filled with established neighborhoods offering cheap homes for sale. If you're moving to Waycross with school-aged children, some of the best schools include Williams Heights Elementary School and Ware County Middle School.
Popular Neighborhoods in Waycross?
One of the most popular Waycross neighborhoods is located on the eastern edge of the city. You'll find this small community east of Route 84, north of Route 82 and west of County Line Road. The Satilla River runs along the northern edge of the neighborhood. You can expect to see some of the city's highest real estate prices in this area, but the median listing price is typically below $150,000. Most of the homes were built between 1970 and 1999, and the vacancy rate tends to stay below 10 percent.
If you need lower housing prices but want to stay close to some of the best Waycross schools, consider the Waresboro/Jamestown neighborhood. Real estate prices are closer to $100,000 in this area, but the homes are about the same size and age. This neighborhood covers a large slice of the city, falling north of Route 122 and south of the river.
Buying vs. Rent to Own Homes?
Are the cheap housing prices in Waycross tempting you? If so, consider investing in a rent-to-own home. You'll have the luxury of moving into the property right away, but you won't have to officially buy the home until a later date. In most cases, you'll have at least one year to make the purchase. During the rental period, the current owner typically assumes responsibility for repairs, allowing you to focus on securing an affordable mortgage loan. This is your opportunity to buy a home in Waycross without stressing out about an immediate down payment and application for financing.
Cost of Living in Waycross?
The cost of housing in Waycross is more than 50 percent lower than the national average. While most residents pay average prices for utilities, transportation and healthcare, the cost of food often stays close to the national average. This creates an overall cost of living that hovers within 20 percent of the national average most of the time. The real estate market is filled with cheap homes, so most residents do own property without financial stress.
Waycross is a southeastern Georgia city located less than three hours north of multiple beaches in northern Florida. This small town attracts residents who want to enjoy a slower-paced lifestyle while remaining a short drive from the entertainment venues in several larger cities. There are two historic districts within city limits, and several buildings are registered historic places. If you're searching for a safe community filled with friendly people or want low housing prices, Waycross may suit your needs.
Summary
Waycross is a southeastern Georgia city located less than three hours north of multiple beaches in northern Florida. This small town attracts residents who want to enjoy a slower-paced lifestyle while remaining a short drive from the entertainment venues in several larger cities. There are two historic districts within city limits, and several buildings are registered historic places. If you're searching for a safe community filled with friendly people or want low housing prices, Waycross may suit your needs.
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
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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