Browse Rent To Own Homes in Winston-Salem, NC
Are you looking for a rent to own house in Winston-Salem? 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 Winston-Salem area.
Click the link below to access the listings!
Featured Rent To Buy Houses in Winston-Salem, North Carolina
Browse the following featured properties in the Winston-Salem, North Carolina area, or click here to get access to the complete listings for Winston-Salem 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.
Winston-Salem 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 Winston-Salem, North Carolina
Factor To Consider When Searching For Rent To Own Homes In Winston-Salem, NC
Are you searching for the best rent to own homes in Winston-Salem, NC? Do you want to know how to invest in real estate? Are you searching for the best home that you can afford? If you have one of these questions, you are reading the right article. Finding the best rent to own homes is not hard.
There are some tips that will help you to make the right decision. You donít have to spend your time and money doing your own research. There are different people who are willing to do this research for you. You can hire real estate agent who will help you find the right rent to own homes in Winston-Salem, NC.
The following are the factors that you might want to consider when you are searching for rent to own homes in Winston-Salem, NC.
1 ñ Your Budget
The first thing that you should be sure is your budget. You wonít buy the house immediately you move in. Therefore, you should think of where you will get the money when you want to buy it. There are so many people who move into a rent to own home without thinking about the future. They donít know if they will afford the home in future. These people usually end up not buying the house. Make sure that your source of income is reliable, so that you can complete paying for the home.
2 ñ Real Estate Company
Make sure that the Real Estate Company or agent selling you the property is genuine and can be trusted. There are some companies that have negative reputation and they usually lie to their clients. Do your own research and choose only a company that has been in this business for several years. Make sure that people love this company or agent. You will be sure that you are only dealing with professionals who know what they are doing.
3 ñ Home Inspection
It is important for you to do a home inspection before you invest in any home. You want to make sure that the home you want to buy is in good condition. There are some homes that might need repairs and this will cost you money if you select them. Hire an expert who will inspect the home for you. This will give you a peace of mind when you are buying the home.
These are the factors you need to consider when you are searching for a rent to own home in Winston-Salem, NC. You can use these tips to make the right choice.
Zip Codes: 27103, 27105, 27107, 27101, 27102, 27104, 27106, 27108, 27109, 27111, 27113, 27114, 27117, 27120, 27127, 27152, 27155, 27110, 27115, 27116, 27130, 27150, 27157, 27198, 27199