Browse Rent To Own Homes in Raleigh, NC
Are you looking for a rent to own house in Raleigh? 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 Raleigh area.
Featured Rent To Buy Houses in Raleigh, North Carolina
Browse the following featured properties in the Raleigh, North Carolina area, or click the link on this page to get access to the complete listings for Raleigh 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.
Raleigh 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 Raleigh, North Carolina
If you are looking for a place to build a future for yourself and your family, as well as make the best of the present, then Raleigh NC rent to own homes are great properties to look at for your next home. These residences allow you to start off as a renter with the possibility of becoming an owner over time, which makes for a truly flexible financial opportunity to take advantage of. While you can find rent to own properties in a lot of cities and states, the state capital of North Carolina is a great location to set down roots and raise a family.
When committing to a possibility like a rent to own home, you might be concerned about maintaining an adequate income over time in order to make everything work. That really is not a concern in this area, given the huge job growth. North Carolina is one of the fastest growing states in the country, and this growth is predominantly in and around Charlotte, but also in the triangle area, of which Raleigh is a part of, along with Durham and Chapel Hill. Many companies, especially technology and research and development firms have started up here, relocated here, or have significant presence here.
A lot of government jobs are located here too, given that Raleigh is the state capital. Local government jobs are also plentiful given that the greater metropolitan area is comprised of multiple cities, each with their own governments and departments.
College campuses provide numerous job openings in this area, as there are not only multiple colleges, but huge campuses of nationally known schools. These include Duke University, Wake Forest, N.C. State, and the University of North Carolina at Chapel Hill, totaling hundreds of thousands of students.
The colleges not only mean job possibilities, but any kids you raise in this area are going to get good educations as they grow up. The colleges also mean a wealth of sporting events you can attend with your family for weekend entertainment. If pro sports are more to your liking, an NHL team is in the market, along with minor league baseball. Minor league professional basketball is a short drive away in Greensboro.
For the times when you want to escape your Raleigh NC rent to own home for some vacation, you are not far from the beaches of the Atlantic or the gentle peaks of the Blue Ridge mountains.
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