Rent to Own Homes in Cayce
Cayce is a small town that rests less than five miles south of Columbia in central South Carolina. The Congaree River runs along the eastern edge of the city, and the Columbia Metropolitan Airport sits off the city's southwestern corner. Some of the biggest attractions within Cayce city limits include Guignard Park, Monkey Springs Branch Creek, Parkland Shopping Center, Cayce Picnic Shelter, Timmerman Trail, Congaree Creek, Historic Columbia Speedway and the Cayce Farmers Market.The below results are primarily rent to own homes in :
Cayce is a small town that rests less than five miles south of Columbia in central South Carolina. The Congaree River runs along the eastern edge of the city, and the Columbia Metropolitan Airport sits off the city's southwestern corner. Some of the biggest attractions within Cayce city limits include Guignard Park, Monkey Springs Branch Creek, Parkland Shopping Center, Cayce Picnic Shelter, Timmerman Trail, Congaree Creek, Historic Columbia Speedway and the Cayce Farmers Market.The below results are primarily rent to own homes in :
The city of Cayce was named after William J. Cayce and was incorporated in 1914. Congaree Fort was one of the first structures built in this region of the state, and the Congaree River was the biggest attraction for early settlers. In 2016, there were more than 14,000 people residing within city limits. That reflects an increase from approximately 12,500 residents in 2010. While some residents may choose to commute to Columbia and other nearby cities for employment, there are many jobs available within Cayce city limits. There are now more than 700 businesses operating within the city, and that includes some big employers like Amazon, SCANA Corporations Natural Gas and Nephron Pharmaceuticals. There are also many service-oriented businesses, retail stores and restaurants that provide employment within the city. Students in Cayce attend Brookland-Cayce High School and Cayce Elementary School. They also have the option to attend the Busbee Academy.
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
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
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
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