Browse Rent To Own Homes in Cary, NC
Are you looking for a rent to own house in Cary? If so, then browse the featured listings on this page, or signup to access our complete guide and listings for all lease to own properties in the Cary area.
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Featured Rent To Buy Houses in Cary, North Carolina
Browse the following featured properties in the Cary, North Carolina area, or click the link on this page to get access to the complete listings for Cary rent to own houses.
How Rent To Own Real Estate Works
Also known as a lease option, rent to buy homes are a type of owner financing tor real estate properties.
While the terms of the agreements can vary from house to house, the typical scenario is one in which the owner is looking to sell the property but is willing to accept payment over a period of time, rather than an up front settlement.
In this case, the buyer and seller both agree on the selling price of the home, and the terms of the purchase agreement, specifying things such as payment terms, interest, and length of the agreement.
Usually, owner-financed properties are paid off much sooner than a traditional bank mortgage, but by allowing the renter time to accrue equity in the house, the renter can often roll over that equity into a traditional mortgage after 1-3 years, if the need arises.
Every month the renter/buyer makes a payment to the seller. Typically, part of this payment is credited as rent, while a second part is credited towards the interest on the loan and/or equity in the home. Over time, the renter can then buy out the seller, even if the renter didn’t originally have a large downpayment or the credit needed to qualify for a traditional mortgage.
Cary Lease Purchase Homes and Houses
While there are many advantages to lease option, or lease to purchase homes, one of the main difficulties can be in locating the currently available properties.
Many rent to own listings are never uploaded to national or local databases, since it is common for sellers to work independently and not go through a real estate agent for these transactions. It is also common for sellers of owner financed, rent to buy properties to sell their homes casually, meaning that they are interested in selling, but are in no hurry to do so, meaning the listings are not widely publicized.
To find the full list of rent to buy properties in your area, you need to sign up for a dedicated listing service, which works to identify all of the relevant opportunities within your target geographical area.
Without a reputable listing agency, finding these properties can be extremely difficult!
Sign up below to get access to one of the most comprehensive rent to own listing services in the country.
Listings for Rent To Buy Properties in Cary, North Carolina
The struggle to decide between renting or buying a home is something that crops up for many people ñ especially when they’re purchasing the very first home for their family. However, by taking advantage of a rent to own deal, you get the best of both worlds ñ and you can build up your rent towards paying for the property in its entirety, which will make you a proud homeowner once and for all.
With this in mind, it’s well worth taking a close look at some of the best locations for finding a rent to own property ñ and perhaps one of the best locations to choose has to be Cary, NC.
So what properties are available on a rent to own scheme in this area? Well, you’re going to be delighted with some of the choice available ñ especially if you’re planning to buy a property with your family in mind.
There are some truly delightful properties available in this area, and many of the prices can be as low as $300-$500 a month, which means you can acquire an affordable property without having to suffer from the thought that your money isn’t being invested into a longer-term deal.
In particular, there are some lovely studio apartments available in the area, but you can equally opt for a bigger house that features several bedrooms and bathrooms. These large properties will be a fantastic investment for the future, and they will also allow you to grow your family without needing to relocate all too often.
Additionally, itís safe to say that the Cary NC area is a wonderful place to live ñ with over 60% of residents having a higher education degree, wonderful amenities for families all around, and over 72% of all people owning their own home ñ which means you can rest assured you’re going to love the community of like-minded people here.
So now that you know about some of the benefits of living in this area, as well as the advantages of choosing a rent to own deal it’s important to ensure you’re thoroughly protected when you are seeking out a rent to own deal. In general, it’s wise to rely on the advice of a professional real estate agent, who should have plenty of experience in negotiating these deals, and will ultimately ensure your interests are well protected throughout the negotiation process.
Keep in mind that it is vital to contact an expert, because this will give you great peace of mind when it comes to ensuring the deal is legitimate and takes your interests into account.