Rent to Own Homes in Andrews
Andrews is a small town located north of the Francis Marion National Forest in eastern South Carolina. This area is approximately 30 miles west of the Pacific coast, giving residents easy access to shoreline attractions and vacation rentals like Pawleys Island and Litchfield by the Sea. Points of interest closer to town include Cherry Hill Country Club, Andrews Recreation Center, Cedar Creek Bay and Wittee Bay. Georgetown is about 15 miles toward the coast, and Florence is about 60 miles to the north.The below results are primarily rent to own homes in :
Andrews is a small town located north of the Francis Marion National Forest in eastern South Carolina. This area is approximately 30 miles west of the Pacific coast, giving residents easy access to shoreline attractions and vacation rentals like Pawleys Island and Litchfield by the Sea. Points of interest closer to town include Cherry Hill Country Club, Andrews Recreation Center, Cedar Creek Bay and Wittee Bay. Georgetown is about 15 miles toward the coast, and Florence is about 60 miles to the north.The below results are primarily rent to own homes in :
The City of Andrews was incorporated in 1909 by combining two existing communities known as Harpers Crossroads and Rosemary. There were approximately 2,000 people residing within town limits by 1920, and the population peaked with more than 3,000 residents in 1980. The population has stayed relative the same since and is expected to grow slowly in years to come. Most students living in town attend one of the local public schools. This includes Andrews Elementary School, Rosemary Middle School and Andrews High School. There is also a private school in town that serves select students through the eighth grade. Some of the biggest employers within this small town are sawmills, lumberyards and livestock companies. Other job opportunities are available in surrounding cities.
Buying vs. Rent to Own Homes
If you’re looking to purchase a home, you could fall into three categories: ready to buy, ready to rent to own and rent a bit longer. Buying is your best option, so if you’re ready, you should. Rent to own is also a good option because it sets you on course to buy a property soon.
If you’ll be ready to buy a property within the next three years, rent to own is the right option for you. Your lease term should be at least six months longer than how much time you need to qualify for financing; that way, you have some buffer room in case something goes wrong. Whenever you are ready, you can close on the home and start building equity on it.
If it’s going to take more than three years for you to qualify for financing, keep renting until you’re less than three years away. Just because rent to own isn’t right for you now doesn’t mean it won’t be in the future.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
About Our Listings
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
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