![]() In rent to own by owner programs, sellers want to make a profit off of their properties. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal. Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers. While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.īanks can make a lot of profit off of a successful mortgage. The housing market is competitive but offers many opportunities for those looking to settle down close to Atlanta while retaining a connection with small-town living. The city is one of the most affluent cities in Georgia, and families here tend to have median incomes that are above the national average. With a rich cultural history that dates to the Civil War era, Newnan is a small suburb of the greater Atlanta area. ![]() Groceries in Newnan cost 7% more than they do across the state. Utilities, however, are 9% less than average. Transportation costs can be significantly higher in Newnan with rates 9% higher than they are across the United States. Housing costs are just above the national median, making it important for prospective home buyers to search out the best values in the local market. Newnan is a somewhat expensive place to live with the overall cost of living index being some 2% higher than it is nationwide.
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