Rent to Own Homes in Chesnee
From the annual Miss Chesnee Pageant to Easter egg hunts in Cada Park and other community events held throughout the year, Chesnee is a small South Carolina town that attracts growing families. The city is positioned around Highway 221 close to the state's northern boundary. Spartanburg is about 15 miles to the south, and Charlotte, North Carolina, is about 60 miles to the northeast. Residents can also reach Columbia if they're willing to drive about two hours to the south.The below results are primarily rent to own homes in :
From the annual Miss Chesnee Pageant to Easter egg hunts in Cada Park and other community events held throughout the year, Chesnee is a small South Carolina town that attracts growing families. The city is positioned around Highway 221 close to the state's northern boundary. Spartanburg is about 15 miles to the south, and Charlotte, North Carolina, is about 60 miles to the northeast. Residents can also reach Columbia if they're willing to drive about two hours to the south.The below results are primarily rent to own homes in :
This small town was developed by the Chesnee Land Company and was officially chartered in 1911. It started with the Chesnee post office, a pharmacy, a couple mills and a small residential community. The population has grown slowly over the years, and there were fewer than 1,000 people residing within city limits as of 2010. Most of the residents appreciate the small-town lifestyle and appreciate the short commute to larger cities with thriving job markets. This small town was developed by the Chesnee Land Company and was officially chartered in 1911. It started with the Chesnee post office, a pharmacy, a couple mills and a small residential community. The population has grown slowly over the years, and there were fewer than 1,000 people residing within city limits as of 2010. Most of the residents appreciate the small-town lifestyle and appreciate the short commute to larger cities with thriving job markets.
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
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
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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