Rent to Own Homes in Dalzell
Dalzell is a census-designated place located in the heart of South Carolina, less than one hour east of the capital city of Columbia. Contained within the Sumter, South Carolina Metropolitan Statistical Area, Dalzell is less than 20 minutes north of the conveniences of Sumter. It is a small community in both geographical size and population. Based on data from the United States Census Bureau, Dalzell spans almost 7 square miles and has approximately 2,300 residents.The below results are primarily rent to own homes in :
Dalzell is a census-designated place located in the heart of South Carolina, less than one hour east of the capital city of Columbia. Contained within the Sumter, South Carolina Metropolitan Statistical Area, Dalzell is less than 20 minutes north of the conveniences of Sumter. It is a small community in both geographical size and population. Based on data from the United States Census Bureau, Dalzell spans almost 7 square miles and has approximately 2,300 residents.The below results are primarily rent to own homes in :
The United States Census Bureau reports that the average household size in Dalzell is just under three people per household, while the average family size is just over three members. There are roughly 130 housing units per square mile in Dalzell. The median income for households in the community is roughly $42,500 per year. People living in Dalzell are primarily employed in health care/social assistance, transportation/warehousing and retail industries. Dalzell experiences mild South Carolina weather year-round, with the exception of a few cold days during the winter. The desirable climate makes outdoor recreation effortless for residents. The Sumter County Parks and Recreation Department engages residents of all ages with parks, trails, organized athletics, enrichment programs, senior citizen programs and community events filling their calendar throughout the year. Dalzell is the hometown of famed NBA player Ray Allen. He is known for his NBA championship status with the Boston Celtics in 2008. He also leads the ranks in three-point field goals made as of 2018, passing NBA athlete Reggie Miller.
Buying vs. Rent to Own Homes
Renting to own a home is like a test drive for buying a house. It’s comparable to the car dealership letting you drive out of the lot with the car that you want (after you pay a small option fee) and telling you to come back when you have the money to pay the full price of it, as long as it is within the lease term. Then you make monthly lease payments until you’re ready to buy it.
You should lease-option when you’re close to getting financing for the home you’re looking to purchase, but need a bit more time (1-3 years) before you’re ready. And if you’re unsure about the house, you have more time to consider it from a more personal perspective.
Similarly to test driving a car, once you’re sure that this is the house you want and you have the money to purchase it, you should buy it as soon as possible. There’s no sense in paying rent money for longer than you need to. Rent to own also gives you the flexibility to close on a home whenever you’re ready to. It’s a mix of the best parts of renting and buying.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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