Rent to Own Homes in Bladenboro
Bladenboro is a small North Carolina town that rests approximately 35 miles south of Fayetteville. This location is about 30 miles from the South Carolina state line and the Atlantic coast. Residents can reach Wilmington, Topsail Beach, Carolina Beach, Surf City and other coastal vacation spots in approximately one hour without heavy traffic. Bryant Swamp, Wateree Creek and other small waterways cross through the center of town, and Bladenboro Airport is located just to the north.The below results are primarily rent to own homes in :
Bladenboro is a small North Carolina town that rests approximately 35 miles south of Fayetteville. This location is about 30 miles from the South Carolina state line and the Atlantic coast. Residents can reach Wilmington, Topsail Beach, Carolina Beach, Surf City and other coastal vacation spots in approximately one hour without heavy traffic. Bryant Swamp, Wateree Creek and other small waterways cross through the center of town, and Bladenboro Airport is located just to the north.The below results are primarily rent to own homes in :
The land that is now occupied as Bladenboro was originally a small farming community. The economy was originally supported by the agriculture, lumber and turpentine industries. The economy and population started to grow with the arrival of the railroad and the Bridger brothers. The brothers started a lumber business in the area and continued on to open the Bank of Bladenboro, Bladenboro Cotton Mills, Bridger Corporation and other companies that served as major employers for the area. There were approximately 275 people residing within Bladenboro in 1910, and the population grew to more than 1,800 residents by 1990. The population settled around 1,700 starting around 2000. The town is now a part of Bladen County and is served by Bladen County Schools. Students have access to one primary, one middle and one high school.
Buying vs. Rent to Own Homes
Rent to own gives you anywhere between a few months and three years time to prepare for buying a home. It’s more costly than buying outright because you’ll be paying rent to the owner instead of building equity by paying off the mortgage; but, it’s much better than renting because you have the option to buy and stop the rent payment process whenever you’re ready.
Lease-options help set you up for a home purchase in the not-so-distant future.
That’s not to say that because you aren’t ready to buy you should rent to own. If you need more than three years before you’re ready to purchase a home, you shouldn’t rent to own. Instead, you should wait until you’re at least less than three years away from qualifying to buy a home before signing your lease-option because, if the lease term ends and you’re not ready to buy, you’ll lose the money you invested in an option fee and any other money you’ve negotiated from the seller.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
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.
- 28320