Rent to Own Homes in Clinton
With a population of about 8,800, Clinton is the geographic center and county seat of Sampson County. The closest big city is Fayetteville, about 34 miles to the west. The Raleigh-Durham area is about 65 miles to the north, and Wilmington, on the Atlantic coast, is approximately 62 miles to the southeast. The popular tourist city of Myrtle Beach, South Carolina, is less than 120 miles away.The below results are primarily rent to own homes in Sampson County, NC:
With a population of about 8,800, Clinton is the geographic center and county seat of Sampson County. The closest big city is Fayetteville, about 34 miles to the west. The Raleigh-Durham area is about 65 miles to the north, and Wilmington, on the Atlantic coast, is approximately 62 miles to the southeast. The popular tourist city of Myrtle Beach, South Carolina, is less than 120 miles away.The below results are primarily rent to own homes in Sampson County, NC:
Clinton retains much of its history; the Clinton Historic Commercial District, in the central business district, was added to the National Register of Historic Places in 2002 and includes 67 contributing buildings and two contributing objects. The area was developed between 1902 and 1951. Separately listed on the National Register are the Bethune-Powell Buildings, Clinton Depot, and the Johnson Building.
Buying a Home in Clinton
Current home listings in Clinton range from $54,500 to $435,000. The median home price is a very modest $87,000, which is an impressive 53 percent below the national average. About 56 percent of the residential real estate is owner occupied. Overall, the cost of living is about 14 percent below the United States average.
The median age of Clinton’s residents is 40.5, and about 43 percent of the population is married. The median household income is $32,000.
The city is served by Clinton City Schools, which is comprised of three elementary, one middle, and one high school. Private schools are available as well. GreatSchools rates the public schools between 2 and 8 (out of 10), so families with school-aged children should do their homework before deciding on a neighborhood.
Popular Neighborhoods in Clinton
Clinton encompasses a total of 7.7 square miles and is made up of five constituent neighborhoods. The Johnsontown area is mainly made up of small- to medium-sized single-family homes and small apartment buildings, and the residents are a mixture of owners and renters. Many of the residences were built after 1970, but some date to previous decades. The median home price is about $153,400.
Bordering Johnsontown on the east is the Moltonville neighborhood. The residential real estate is mainly small- to medium-sized single-family homes and mobile homes, and most is owner occupied. The median home price is about $113,800.
Buying vs. Rent to Own Homes
Clinton may already be enticing you with its low housing cost and small town southern charm. But buying a home can be a long process and requires a down payment and pre-qualification. Many are taking advantage of rent-to-own options, where a portion of each month’s rent goes toward a down payment to eventually buy the house. Renters who may not have the initial outlay of cash for a down payment can still look forward to becoming proud homeowners.
Summary
If small town life in a quiet setting appeals to you, then Clinton should be on your list. A mild climate, with average high temperatures of 52 in January and 90 in July, make it a pleasant place all year round. For shopping, dining, nightlife, entertainment, and recreation, large metropolitan areas and the Atlantic coast aren’t far away. Indeed, Clinton, North Carolina is worth a look.
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
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
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