Rent to Own Homes in Cheraw
Cheraw is a small town located on the banks of the Pee Dee River and just north of Cheraw State Park in the northeastern corner of South Carolina. The city is approximately 40 miles north of Florence and about 20 miles south of Rockingham, North Carolina. There are a few lakes and family-friendly parks within city limits, including Southside Park, Riverside Park, Caston Park and Arrowhead Park.The below results are primarily rent to own homes in :
Cheraw is a small town located on the banks of the Pee Dee River and just north of Cheraw State Park in the northeastern corner of South Carolina. The city is approximately 40 miles north of Florence and about 20 miles south of Rockingham, North Carolina. There are a few lakes and family-friendly parks within city limits, including Southside Park, Riverside Park, Caston Park and Arrowhead Park.The below results are primarily rent to own homes in :
This region of South Carolina was originally home to the Pee Dee and Cheraw native American Indian tribes. Infectious disease wiped out many of the natives, and the appearance of European traders gradually shifted the community into an active river trading point for settlers. Today, there are more than 5,000 people residing within Cheraw city limits, and the USS Cheraw was named in honor of the town's history. There is a small public-school system serving the Cheraw area. It includes one elementary school, one intermediary school, one middle school and one high school. Students may also attend one of the local private schools, including St. Davids School, Faith Christian Academy and Jesus is Lord Christian School. Some of the biggest attractions in this area of South Carolina include the Cheraw Historic District and the Cheraw Lyceum Museum.
Buying vs. Rent to Own Homes
Rent to own is a great option for people who want to buy a house, but are still working on getting the financing for it. People who are anywhere between a few months and three years away from qualifying for financing should consider rent to own.
Unlike renting, you don’t have to keep making rent payments for the full lease term. Once you’re able to close, you have the right to do that.
Rent to own is very similar to buying, in that buying is the end result of a successful rent to own deal.
The primary difference between the two is that rent to own takes longer than buying, which is the advantage of rent to own. It gives buyers time to get their finances in order to buy a home while not getting trapped into a lease term.
Rent to Own Realtors
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
About Our Listings
When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.
- 29520