Friday, February 27, 2015

Rent to Own in Baton Rouge LA

http://www.batonrougerealestatedeals.com/search/ How Rent-To-Own Works in Baton Rouge LA


As a team of local realtors, The Louisiana Homes and Land Group at Keller Williams have come in contact with all sorts of ways to purchase a home. "Rent to Own" has recently been a popular topic of debate. Before purchasing a home through "Rent to Own" it is extremely important to be informed of the risks that come along with "Rent to Own". 

If you don't have the money for a down-payment or your credit isn't quite where it needs to be, you may have thought about purchasing a home through "Rent to Own". But do you know what this term really means in its entirety?

Think of the "Rent to Own" process like leasing a car. Renters pay a monthly rent each month to live in the house. At the end of a set period,  the renter is given the option to purchase the home. Generally, this set time period is three years. The rent that the renter pays each month goes to the owner of the home for income. However, the owner holds a portion of the rent to go towards the renter's down payment at the time of purchase.

Disadvantages to Rent To Own

A disadvantage for both parties in a "Rent to Own" situation is that prior to entering into an agreement, the seller has to decide the rent and sale price that they will charge for their home. Both the rent and the sale price are negotiable, however once the agreement has been signed by both parties, the prices are locked in. This is crucial, as the market can change dramatically between the time the agreement is signed and the buyer actually purchases the home. Not only is this a disadvantage to the seller, since the market value of their home may have increased but this is also a disadvantage in the situation that the home has lost value. If a home does not appraise for the purchase price that was set in the "Rent to Own" agreement, then the buyer's lender will most likely not lend this amount to the buyer. In this situation, the buyer is able to cancel the purchase agreement due to inability to obtain financing.

http://www.batonrougerealestatedeals.com/mischool/zip/70817/Another disadvantage to an individual looking to buy a "Rent to Own" property is that their rent is generally higher than the average rent price. This is because the renter pays an option fee above the rent amount. As previously mentioned, this option fee is to be used as the renter's down payment for purchasing the home. If the renter does not end up purchasing the home at the date stated in the contract, the option fee amount may not be returned to the renter. 

It is very important to remember that you can not control what someone else does. If the seller fails to pay the original mortgage on the house, the house may become foreclosed and the buyer is forced to move.


Another problem that often arises is that once the rental period has ended and the buyer is still not able to purchase the home due to bad credit or insufficient income. The renter will most likely lose the option fee that they had been paying each month.

In a standard, [Non-Rent to Own] renting situation, the landlord will pay for any repairs that need to occur to the property. HOWEVER, this is usually not the case in a rent-to-own situation. In most "Rent to Own" situations, the renter is responsible for repairs.

As the seller of a "Rent to Own" home it is important to keep in mind that you are in a binding contract. That means if someone comes along offering a higher price for your home, you are out of luck and can not accept this higher offer.

It does not cost you anything at all to speak with a lender to see how much you are per-qualified for. If it turns out that you do not meet the credit score requirements, our lenders will be more than happy to tell you exactly what you need to do to get your score where it needs to be. Click here to get per-approved for a mortgage loan or give us a call today 225-366-8656.

There are many alternative to "Rent to Own". Call The Louisiana Homes and Group today at 225-366-8656 to hear all about your options, including Rural Development financing which offers NO DOWN PAYMENT and 100% financing.

CLICK HERE TO BEGIN BROWSING ALL HOMES FOR SALE IN BATON ROUGE LA 


Post courtesy of the Louisiana Homes and Land Group at Keller Williams Red Stick Partners 

Call 225-366-8656 to set up a Free Buyer Consultation and begin your home search.
Louisiana Homes and Land Team
Keller Williams Realty Red Stick Partners
Hire a positive and proactive Team of Realtors to help you find your next home!Call or text (225) 366-8656 for information on Buyer’s Representation Services
(NO COST TO HOME BUYERS)
Browse the entire Baton Rouge MLS: www.BatonRougeRealEstateDeals.com/search
Get a FREE report on YOUR HOME’s Value at www.BatonRougeRealEstateDeals.com/sell

Homes in Carrington Place Subdivision in Baton Rouge LA


Homes in 
Carrington Place Subdivision in Baton Rouge LA


Why Do People Live Here? 

Carrington Place subdivision in Baton Rouge LA is composed of established homes located off of Stumberg Lane, between Coursey Boulevard and Tiger Bend Road. Carrington Place is near to the new Woman's Hospital, schools, shopping, grocery stores and more!  Click here to view all homes that are for sale in Carrington Place subdivision in Baton Rouge, LA! 


Looking for a home in Carrington Place subdivision?

Interested in finding homes for sale in Carrington Place subdivision in Baton Rouge, LA? Click that link to find all currently available homes in this subdivision in Baton Rouge, Louisiana. Need to sell your home before purchasing another? See what your home is worth by clicking the link that will redirect you to a form on our website. We will do a little research on your home and get back to you promptly.


What's the Neighborhood Like?

Carrington Place subdivision is a quiet community of homes perfect for entertaining and relaxing. This subdivision was built between the years of 1990 and 2008. Most homes in Carrington Place subdivision have large backyards where kids can stretch out and play. These homes consists of 3 and 4 bedroom floor plans with a living space of 1,200 to 2,800 square feet. Currently, the prices of these homes range from $220,000 to $300,000. Click here to find homes for sale in Carrington Place subdivision in Baton Rouge, LA!



What's Going on Nearby to Carrington Place Subdivision in Baton Rouge LA?

Carrington Place subdivision is located in a highly desirable area of Baton Rouge LA. Carrington Place subdivision is extremely accessible to Airline Highway, I10 and I12. The Runnels School and Parkview Baptist School are within a few short miles of this subdivision. Coursey Boulevard is full of wonderful restaurants, shopping and entertainment. Your kids will love nearby Quarters arcade and bowling alley, Skate Galaxy, and nearby parks. Nearby grocery stores include Alberstons, Neighborhood Walmart, Win-Dixie and Ralph's market. Pick up a book at nearby Jones Creek Regional Library. One of my favorite antique shops, This Olde Shoppe, is located near Carrington Place subdivision. Additional stores located near Carrington Place subdivision are Costco, Steinmart, Tuesday Morning, Burlington Coat Factory and much much more! For an amazing brunch experience with bottomless mimosas, check out Mason's grill located on Old Jefferson Highway near Tiger Bend Road. Find out about everything that is nearby to Carrington Place subdivision in Baton Rouge including places of worship, banking, shopping, attractions and recreation and much more on my website. 


What Schools will the Kids Attend?

The private schools near Carrington Place subdivision in Baton Rouge LA include The Runnels School, Parkview Baptist chool, The Brighton School, Baton Rouge Adventist Christian School, Baton Rouge International School and Episcopal High School. Get the local school scores and more information about these schools, check out the Baton Rouge school reports on my website.


Now You Really Want to Find a Home Here, Right?

See all available homes for sale in Carrington Place subdivision Baton Rouge, LA here. Our 'for sale' property information is a direct feed from the Baton Rouge MLS and is updated multiple times per day.

Post courtesy of the Louisiana Homes and Land Group at Keller Williams Red Stick Partners 

Call 225-366-8656 to set up a Free Buyer Consultation and begin your home search.
Louisiana Homes and Land Team
Keller Williams Realty Red Stick Partners
Hire a positive and proactive Team of Realtors to help you find your next home!Call or text (225) 366-8656 for information on Buyer’s Representation Services
(NO COST TO HOME BUYERS)
Browse the entire Baton Rouge MLS: www.BatonRougeRealEstateDeals.com/search
Get a FREE report on YOUR HOME’s Value at www.BatonRougeRealEstateDeals.com/sell

New Price for an Updated Classic Home in Broadmoor Subdivision!

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Price Reduced!
Updated 4 Bedroom Home in Broadmoor Place
All Greater Baton Rouge Homes
1624 Brocade Dr. Baton Rouge, Louisiana 70815
Bedrooms: 5 | Bathrooms: 2 full | List Price: $ Get Current Price

Lovingly cared for and beautifully updated, dont miss this classic beauty at 1624 Brocade in the heart of Broadmoor subdivision. Imagine having over 2600 square feet of living space to use. Imagine if all of the hard work often associated with older homes has already been taken care of for you. If this all appeals to you, then this is the house to see. Beautiful bamboo wood floors were added to the living room and built in TV console with large 60” TV to stay! Laminate wood floors added to foyer and dining rooms. Ceramic tile flooring and counter tops, beautiful built in bar, and newer appliances were added to the kitchen making this classic home feel refreshed. Master bathroom is completely renovated with granite counter tops and Jacuzzi bathtub. All of the bedrooms are large and have good closet space. In addition to four bedrooms, the home also features a home office, currently being used as a nursery. This home includes a media and game room designed to utilize all available space! The stairs and bedrooms also feature brand new carpet, and fresh paint with designer colors. The backyard is landscaped, and has a covered porch and wood deck. Outside, a newer architectural roof and low maintenance vinyl siding give the home an excellent curb appeal. This home is convenient to schools, churches, shopping and recreational activities. This home has it all!

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Keller Williams Realty 225-768-1800
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Licensed In: Louisiana
License #: SALE.009956330
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Cindy Fekete, Licensed in the State of Louisiana, USA #SALE 9956330 Sara Fields, Licensed in the State of Louisiana, USA #SALE 995685807 Kim Tregre, Licensed in the State of Louisiana, USA #Sale 995686296 Keller Williams Realty Red Stick Partners, Baton Rouge, LA 70810 Call us today (225) 366-8656 (225) 768-1800 Each Office Independently Owned and Operated.
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Custom Built Home for Sale in Juban Parc Subdivision in Denham Springs LA!

Beautiful home in popular Juban Parc subdivision!

PRICE REDUCED!
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Louisiana Homes And Land
Internet Marketing Specialist, Realtor
Keller Williams Realty 225-768-1800
Licensed In:
Louisiana
License #:
SALE.009956330

Extras For You!>>>
Property VIDEO
11454 Rossow Ct.
Denham Springs, Louisiana 70726
Bedrooms: 3
Bathrooms : 2 ( 2 full )
List Price: $169,900
Living Area Approx : 1448
Beautiful home in popular Juban Parc subdivision! This custom built sits on a great corner lot. Walk inside and notice the floor plan's openness. The kitchen features granite counters, ceramic tile flooring, elegant lighting, and tons of cabinet storage! The living room has wood floors and a gas fireplace. The master bedroom is split from the other two bedrooms, and has it's own bath. The master bath has a seperate shower and whirlpool tub. Move in now with plenty of time to use the neighborhood pool and clubhouse!

Cindy Fekete, Licensed in the State of Louisiana, USA #SALE 9956330 Sara Fields, Licensed in the State of Louisiana, USA #SALE 995685807 Kim Tregre, Licensed in the State of Louisiana, USA #Sale 995686296 Keller Williams Realty Red Stick Partners, Baton Rouge, LA 70810 Call us today (225) 366-8656 (225) 768-1800 Each Office Independently Owned and Operated.  
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