Rent to Own Homes in Camden
The fourth... Read More
The fourth oldest city in South Carolina, Camden also has the distinction of being the oldest inland city in the country, and given its part in the Battle of Hobkirk Hill in the Revolutionary War, the city regularly offers Revolutionary War reenactments. In addition to historic events, Camden also hosts the annual Carolina Cup steeplechase horse race which boasts the highest attendance rate for steeplechase races in the country.The below results are primarily rent to own homes in Kershaw County, SC:
The fourth... Read More
The fourth oldest city in South Carolina, Camden also has the distinction of being the oldest inland city in the country, and given its part in the Battle of Hobkirk Hill in the Revolutionary War, the city regularly offers Revolutionary War reenactments. In addition to historic events, Camden also hosts the annual Carolina Cup steeplechase horse race which boasts the highest attendance rate for steeplechase races in the country.The below results are primarily rent to own homes in Kershaw County, SC:
Buying a Home in Camden, SC?
The current median price for a home in Camden, South Carolina is $165,000. Since the city has seen an increase in home value of 3.1% year over year, it is a great time to invest in a home in Camden. Since the cost of living is 87.5 compared to the United States average of 100, Camden is an affordable option for home buyers.
Buying vs. Rent to Own Homes?
For those who are looking to buy a home in Camden, but perhaps do not have the required credit for financing or savings for the down payment, potential home buyers may find that a rent to own property is the solution. Rent-to-own properties require the tenant to rent the property for a set period of time with the understanding that after the predetermined period of time has passed, the tenant will then purchase the home. Unlike a traditional rental, part of the monthly rent will go towards the purchase of the home after the lease period. The fact that you can secure the property to buy when you are ready can be immensely positive. This allows you to move in right away, and then continue to save until you can afford to purchase your home rather than waiting until you can secure financing.
Camden, South Carolina is a city rich with history, and is perfect for someone looking to live in a town with a strong historic heritage. As the oldest inland city with ties to the Revolutionary War, residents enjoy regular Revolutionary War reenactments as well as nearly unlimited historic sites near their homes. Camden is also home of the annual Carolina Cup steeplechase horse race, which holds the highest attendance of any steeplechase race in the country. In addition to plentiful entertainment, the housing market continues to remain strong in Camden as homes increase in value year over year, while the cost of living is less than the national average making Camden an affordable choice for home buyers.
Summary
Camden, South Carolina is a city rich with history, and is perfect for someone looking to live in a town with a strong historic heritage. As the oldest inland city with ties to the Revolutionary War, residents enjoy regular Revolutionary War reenactments as well as nearly unlimited historic sites near their homes. Camden is also home of the annual Carolina Cup steeplechase horse race, which holds the highest attendance of any steeplechase race in the country. In addition to plentiful entertainment, the housing market continues to remain strong in Camden as homes increase in value year over year, while the cost of living is less than the national average making Camden an affordable choice for home buyers.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
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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