Rent to Own Homes in Willis
The city was named after the Willis brothers who originally donated their land to the railroad companies in 1870. The railroad industry as well as tobacco farming were the initial giants of the local economy in central Montgomery county. Today, the local economy is dominated by the timber industry.The below results are primarily rent to own homes in Montgomery County, TX:
The city was named after the Willis brothers who originally donated their land to the railroad companies in 1870. The railroad industry as well as tobacco farming were the initial giants of the local economy in central Montgomery county. Today, the local economy is dominated by the timber industry.The below results are primarily rent to own homes in Montgomery County, TX:
The Willis Independent School District is one of the most highly-rated in Texas. Willis ISD has seven primary and secondary campuses in the city, and each year more than 400 students graduate from Willis High School. Strong academic programs are the hallmark of the city, but families will also find stellar sports programs for their student athletes. College classes are provided by the former North Harris Montgomery Community College District which is now known as Lone Star College.
Buying a Home in Willis
Willis is one of the more expensive locations in Texas to purchase a home. The median home value here is $180,000. This is very close to the national average and higher than many areas in Texas. Mortgage payments can average as much as $1,400 per month. Prospective buyers will find that the strong local market inspires frequent construction. Many of the homes in the city are less than 25 years old. These homes tend to be medium-sized to large, with a large percentage having three or more bedrooms.
Popular Neighborhoods in Willis
The City Center neighborhood in Willis offers the most affordable housing and is also one of the city's quietest communities. It offers easy access to most of the city's retail establishments and schools. Homes in this neighborhood have a median value of $109,000, and most are occupied by middle-aged married couples. The FM 1097/Longstreet Rd. neighborhood is one of city's largest and most affluent. Homes in this area of the city are priced above the city median. Most residents of this community are older and no longer have children living in the home.
Buying vs. Rent to Own Homes
The process of buying a home is fraught with many obstacles, not the least of which is securing financing. This can be especially difficult for first-time buyers who may not have a lengthy credit history. A good alternative can be a rent to own home which does not require a traditional home loan. Rent to own homes permit the buyer to live in the home as a renter with the option to purchase it at a later date. A portion of each month's rent builds equity toward that eventual purchase.
Summary
Willis is an affluent Texas community that is very close to the major city of Houston. It offers rural surroundings that are quiet and peaceful. Many outdoor leisure activities are within a short range. Those with children will appreciate that Willis has one of the highest-rated school systems in Texas and places a strong emphasis on academic excellence.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
About Our Listings
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
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