Rent to Own Homes in Chapin
The city of Chapin... Read More
The city of Chapin is commonly called the capital of Lake Murray and is located in the northern central Lexington County in the state of South Carolina. This quaint, rural lake town is known as one of the top places to live in the state and is famous for its residents' ample southern charm. Chapin was first established in 1889 by Martin Chapin who moved into the area to help alleviate a respiratory condition. Shortly after his arrival, a railroad was plotted through the area to connect the city of Columbia to Laurens in South Carolina.The below results are primarily rent to own homes in :
The city of Chapin... Read More
The city of Chapin is commonly called the capital of Lake Murray and is located in the northern central Lexington County in the state of South Carolina. This quaint, rural lake town is known as one of the top places to live in the state and is famous for its residents' ample southern charm. Chapin was first established in 1889 by Martin Chapin who moved into the area to help alleviate a respiratory condition. Shortly after his arrival, a railroad was plotted through the area to connect the city of Columbia to Laurens in South Carolina.The below results are primarily rent to own homes in :
Public schools in Chapin include Lake Murray Elementary School, Chapin Elementary School, Chapin Intermediate School, Chapin Middle School, Spring Hill High School, and Chapin High School. The first school housed in the city was built in Martin Chapin's old house, which was vacated after his passing. In 1924, another high school rose up in the town and has since been followed by a number of other public schools. The first Chapin High School gymnasium was not built until 1952 and today is home to the Chapin High School Eagles. Since the 1970s, the high school's football team has proven to be a tour de force for the town and for South Carolina as a whole.
Buying vs. Rent to Own Homes
Renting to own a home and buying a home both have the same end goal – you own the house you’re interested in. The difference between the two is your timeline. Buying a property is a great idea if you’re sure about the property and you have financing to purchase it today.
Lease-options are a good idea when you’re having doubts about the house or if you’re not financially ready to own the house you’re looking at. They’re a good option if you almost have a high enough credit score, a steady enough job history or a big enough down payment to qualify for financing on the home, but you need some more time to qualify. Rent to own gives you time to get your affairs in order, ability to try out a house and flexibility to close on the home when you’re ready – without having to wait for the end of a lease.
To be clear, if you can buy a house today, you should do it. If you’re looking at buying within the next three years, rent to own is a good way to start the process.
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
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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