Rent to Own Homes in Abbeville
Abbeville was established by French settlers... Read More
Abbeville was established by French settlers in 1764 and named for Abbeville, France. The South Carolina town was incorporated in 1840 and has played a pivotal role in many historical events, especially the Civil War. In 1860, town locals met at Secession Hill to plan South Carolina’s secession, launching the Civil War. Jefferson Davis, president of the Confederacy, also stopped in Abbeville during his final retreat at the end of the war.The below results are primarily rent to own homes in :
Abbeville was established by French settlers... Read More
Abbeville was established by French settlers in 1764 and named for Abbeville, France. The South Carolina town was incorporated in 1840 and has played a pivotal role in many historical events, especially the Civil War. In 1860, town locals met at Secession Hill to plan South Carolina’s secession, launching the Civil War. Jefferson Davis, president of the Confederacy, also stopped in Abbeville during his final retreat at the end of the war.The below results are primarily rent to own homes in :
Today, Abbeville is a modern city with plenty of Southern charm. Many of the town’s antebellum homes remain standing, part of Abbeville Historic District. The district features many vintage businesses, churches and gathering spaces. Abbeville Opera House is one of the district’s most vibrant sites, continuing to host live theatrical, musical and entertainment performances. Other notable sites in Abbeville Historic District include Abbeville County Courthouse, Gary-Little House and Abbeville Court Square Plaza. The Court Square Plaza remains a lively part of the community, the site of live concerts and various festivals. You can even check in on the square’s activities from your home with Abbeville city’s Live Square Cam. Abbeville is the county seat of Abbeville County, so many locals are employed in local government. Some residents find employment opportunities in other Abbeville County enterprises such as Pro Towels, Prysmian Group and Sage Automotive Interiors. Agriculture, forestry and textiles are important local industries. Residents who commute to nearby towns such as Columbia and Greenville have access to a variety of routes. Highway 72 bisects Abbeville, and Highway 28 is adjacent to West Abbeville. Interstates 85 and 385 are just about 30 minutes from town.
Buying vs. Rent to Own Homes
To buy a house, you (1) look at the homes available for purchase, (2) pick the house you want, (3) pay the seller the cost of the home and (4) you get the house. That’s the basic gist of the traditional home buying process.
All the steps of the traditional home buying process are present in the rent to own process. The difference is that renting to own has an additional step between Step 2 and Step 3. Step 2.5 is to rent the home for a maximum of three years until you are ready to continue to Step 3.
During Step 2.5, you’re working on improving your credit score, building a steady job history and saving up a down payment so that you can qualify for financing. Once you have financing, you can move on to Step 3.
Rent to own is a good way to prepare for buying a property. Once you do buy, you won’t have to spend money on rent any longer. So, the sooner you can buy, the better.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
About Our Listings
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.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. 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.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
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