Rent to Own in Asheville NC

Asheville, North Carolina continues to be an up and coming spot. The process of acquiring a home, especially as a first time home buyer may seem scary. Owning a home offers more freedom to define what their homes will be like and where it will be. Asheville renters should know that home prices are slowly going up as the economy continues to be uncertain. Below are four steps in moving from renting to owning a home in Asheville for those looking to purchase their first home.

  1. Make a list of what you like and dislike about your current living situation. This will allow you to see more clearly the top priorities for your new place. 

  2. Apply for a mortgage to see what your range is in home prices. Mortgage rates at this time are at a low point (May 2020), at 3.43%. If you find the right now, you may pay less in a mortgage than you are in rent. Mortgage lenders will look for you to come prepared with at least your last two W2’s, two month’s worth of bank statements, and your most recent pay stubs. If you find that your credit is not as high as you would like it to be, work with a lender to help come up with a plan to increase it. Read our market analysis here.

  3. Find an experienced agent. An agent is is your biggest confidant during this time. They are market experts in the area, the neighborhoods, available listings, school ratings, taxes, and much more. The agent will help you through making the right choices for you beyond just the property itself. They also know mortgage lenders, attorneys, inspectors, etc. Mosaic prides itself on having Asheville, NC home experts. Our office has a client-centered approach that allows us to work with you and your specific needs and desires in purchasing a home. Find the right agent for you.

  4. Start searching for the perfect home. We’ve listed out affordable homes to help make your home search convenient. You can also find all of our other listings as well as several buyer resources on our website. 

Ready to make the move from renting to owning a home? Create an account to save your favorite listings and to get notified when new listings with the same criteria become available. Contact us today!