Rent to Own Homes in Blacksburg
Part of Cherokee County, Blacksburg is South Carolina’s “Iron City.” The Iron City nickname originated in the late 19th century when the town experienced a large economic boom thanks to the discovery of iron ore. Blacksburg’s iron boom has long since passed, but the community continues to evolve as industries and resources change. Some of the town’s largest employers and businesses include companies like Steel Creek Galvanizing Company.The below results are primarily rent to own homes in :
Part of Cherokee County, Blacksburg is South Carolina’s “Iron City.” The Iron City nickname originated in the late 19th century when the town experienced a large economic boom thanks to the discovery of iron ore. Blacksburg’s iron boom has long since passed, but the community continues to evolve as industries and resources change. Some of the town’s largest employers and businesses include companies like Steel Creek Galvanizing Company.The below results are primarily rent to own homes in :
Public schools in Blacksburg are coordinated by Cherokee County School District. Local schools include Blacksburg Primary, Blacksburg Elementary and Blacksburg Middle schools. The town’s teenagers attend public school at Blacksburg High School, ranked as a “bronze school” by U.S. News & World Report. Several of the high school’s programs and athletic teams have attracted acclaim, including the Blacksburg High School Marching Band, which earned state championship titles for four consecutive years. Although the town of Blacksburg is small, it offers all the amenities residents need to live active, engaged lives. Local families often spend afternoons at Blacksburg Youth Baseball Park or visiting with neighbors at area playgrounds. Kings Mountain National Military Park is also located in Blacksburg, showcasing the site’s pivotal role in turning the tide of the American Revolutionary War. Locals and visitors alike enjoy exploring the national park’s Visitor Center, 1.5-mile battlefield trail, amphitheater programs and special commemorative ceremonies. Several annual events and festivals draw thousands of people from around South Carolina and the entire country. Ed Brown Championship Rodeo is an August tradition for many residents and rodeo fans, attracting about 20,000 people to Blacksburg’s rodeo grounds. The annual Iron City Festival in April and the October anniversary ceremony honoring the Battle of Kings Mountain are also popular events.
Buying vs. Rent to Own Homes
The difference between buying a home and signing up for a lease-option depends on your timeframe and how much money you spend on buying the house.
When you buy a house outright, you pay for the fair market value of the home plus interest and other fees charged by your financial lender, if you have one. You buy the property today and immediately start building equity in it.
However, when you rent to own, you won’t own the home until you close on the property, which could be as far as three years from today. You’ll also pay rent monthly, and you don’t get that money back.
There are some fees that you pay for rent to own that you’ll get back as a credit towards the price of your home, like option fees and rent credits. These count as equity on the home, but they’re not on the scale of equity you would build with a mortgage. Therefore, these don’t add anything on to the price you pay for the home the way that rent does.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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