Rent to Own Homes in White Settlement
The city of White Settlement is in the northeastern part of the state of Texas in Tarrant County and has a population of around sixteen thousand people. White Settlement is a northern suburb of the larger city of Fort Worth and covers approximately 5.1 square miles of land. The White Settlement Post Office is owned and operated by the United States Postal Service and parts of the city are owned by the Naval Air Station Joint Reserve Base Fort Worth. The city is also home to its own White Settlement Public Library and a Texas Civil War Museum.The below results are primarily rent to own homes in :
The city of White Settlement is in the northeastern part of the state of Texas in Tarrant County and has a population of around sixteen thousand people. White Settlement is a northern suburb of the larger city of Fort Worth and covers approximately 5.1 square miles of land. The White Settlement Post Office is owned and operated by the United States Postal Service and parts of the city are owned by the Naval Air Station Joint Reserve Base Fort Worth. The city is also home to its own White Settlement Public Library and a Texas Civil War Museum.The below results are primarily rent to own homes in :
Public education in the area is overseen by the White Settlement Independent School District. Schools in this district include four elementary schools, Brewer Middle School, Tannahill Intermediate School, Brewer High School, Mesa High School (which is a part of the Disciplinary Alternative Education Program), and the Fine Arts Academy. The school district sees more than six thousand students enrolled in one of its schools per school year and most students tend to perform alongside the overall state average for education.
Buying vs. Rent to Own Homes
When you rent to own, you pay an option fee and rent the home for up to three years while prepping for financing approval. Then, you buy it as soon as you’re ready. When you buy a home normally, you skip to the third step of the process.
Basically, when you’re almost ready to own a home, you should consider renting to own, but when you are ready, you should go ahead and purchase it.
Rent to own gives you more time to improve your credit score or save up a greater down payment in preparation for buying a house. Ultimately, rent to own is more expensive than outright buying a property because you’re paying rent to the owner every month. However, lease-options are a much better alternative than renting a property because you’re building some equity in the home, just not as much as you will once you purchase.
Once you own a home, you will likely be making monthly payments to a mortgage. Mortgage payments are typically around the same amount as rent to own payments, but all of it – minus interest, PMI and taxes – builds equity in the property, which directly benefits you.
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
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
- 76108