Rent to Own Homes in Clinton
This area – now a small city of about 8,600 residents – was first settled more than 200 years ago; in fact, Scottish and Irish immigrants came to the area even before the American Revolution. It wasn’t incorporated as a town until 1852, and it was named after Henry Clifton Young, a lawyer who helped lay out the first streets. By 1900 the population had reached nearly 1,900, and it surpassed 5,000 in the 1920s. The 8,000 mark was reached by 1970, and the city has seen little growth since then. The Clinton Chronicle, a local weekly newspaper, has been published there since 1900.
The Clinton Commercial Historic District was added to the National Register of Historic Places in 1984. It is comprised of 37 contributing buildings in the central business district of the city. Most are from the late 19th and early 20th centuries. The below results are primarily rent to own homes in Laurens County, SC:
This area – now a small city of about 8,600 residents – was first settled more than 200 years ago; in fact, Scottish and Irish immigrants came to the area even before the American Revolution. It wasn’t incorporated as a town until 1852, and it was named after Henry Clifton Young, a lawyer who helped lay out the first streets. By 1900 the population had reached nearly 1,900, and it surpassed 5,000 in the 1920s. The 8,000 mark was reached by 1970, and the city has seen little growth since then. The Clinton Chronicle, a local weekly newspaper, has been published there since 1900.
The Clinton Commercial Historic District was added to the National Register of Historic Places in 1984. It is comprised of 37 contributing buildings in the central business district of the city. Most are from the late 19th and early 20th centuries.
Clinton is more or less equidistant from both Greenville and Spartanburg, South Carolina; both cities are about 40 miles away. Charlotte, North Carolina is less than 100 miles to the northeast, and Columbia, the state capital, is 62 miles to the southeast.
Buying a Home in Clinton
The median home price in Clinton is about $91,000, which is less than half the national average. Current home listings range from $29,900 to $650,000. Renters and owners are split about fifty-fifty. The overall cost of living is about 16 percent below the national average.
Clinton is in the jurisdiction of South Carolina School District 56. Two elementary schools, Clinton Middle School, and Clinton High School serve the city’s students. GreatSchools rates these schools from 5 to 9 (out of 10), with Eastside Elementary School receiving the highest rating.
Popular Neighborhoods in Clinton
With a total area of 9.1 square miles, Clinton is comprised of three constituent neighborhoods. The residential real estate in the City Center is primarily small- to medium-sized single-family homes and apartment complexes, and most is renter occupied. Many of the residences were built after 1970, but some date to previous decades. Since Presbyterian College is in this neighborhood, many of the residents are college students. The median home price is about $166,700.
The largest neighborhood is the Long Branch/Bonds Crossroads area. The residential real estate is mainly small- to medium-sized single-family homes and mobile homes, with a mixture of owners and renters. It’s a peaceful, quiet area, and the median home price is about $77,000.
Buying vs. Rent to Own Homes
You may already be thinking about moving to Clinton because of its low housing cost and friendly, small-town atmosphere. But buying a home can be long, expensive process that requires pre-qualification and a down payment. If you don’t have the cash or don’t think you would qualify for a mortgage, have you considered a rent-to-own arrangement? Renters agree to live in a house for a specified period of time. A portion of each month’s rent goes toward a down payment to buy the house, and when the period expires, the renter has the option to buy the home. It’s easy because it doesn’t require a big outlay of cash or pre-qualification, and you can still look forward to becoming a proud homeowner.
Summary
Clinton’s mild southern climate makes it a pleasant town year round. And it’s not far from Lake Murray, which was once the world’s largest man-made reservoir. With 649 miles of shoreline, it’s a popular place for swimming, hiking, boating, fishing, camping, and other outdoor activities. Job growth is positive and predicted to be 40 percent over the next ten years. And the proximity to several large metropolitan centers means the amenities of city life – shopping, dining, entertainment, nightlife – are never too far away.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
About Our Listings
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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