Rent to Own Homes in Dillon
Once a prosperous railway hub, Dillon was named after John W. Dillon who played a major role in bringing the railroads... Read More
Once a prosperous railway hub, Dillon was named after John W. Dillon who played a major role in bringing the railroads that fueled the economy in the city in the late 1800’s. The Dillon Historical Overlay District was created in 2003, and features a number of buildings such as the ornate Dillon County Courthouse that are a nod to the city's lucrative past in the cotton and tobacco transportation industry.The below results are primarily rent to own homes in Dillon County, SC:
Once a prosperous railway hub, Dillon was named after John W. Dillon who played a major role in bringing the railroads... Read More
Once a prosperous railway hub, Dillon was named after John W. Dillon who played a major role in bringing the railroads that fueled the economy in the city in the late 1800’s. The Dillon Historical Overlay District was created in 2003, and features a number of buildings such as the ornate Dillon County Courthouse that are a nod to the city's lucrative past in the cotton and tobacco transportation industry.The below results are primarily rent to own homes in Dillon County, SC:
Buying a Home in Dillon?
With a median home price of $103,563 compared to South Carolina's overall median home price of $148,600, Dillon is a less expensive option for homebuyers looking to live in South Carolina. Dillon's cost of living at 79.7 is also lower than the national average of 100, making it an affordable city to live in.
Buying vs. Rent to Own Homes?
For those who are looking to buy a home in Dillon, but perhaps do not have the required credit for financing or savings for the down payment, potential home buyers may find that a rent to own property is the solution. Rent-to-own properties require the tenant to rent the property for a set period of time with the understanding that after the predetermined period of time has passed, the tenant will then purchase the home. Unlike a traditional rental, part of the monthly rent will go towards the purchase of the home after the lease period. The fact that you can secure the property to buy when you are ready can be immensely positive. This allows you to move in right away, and then continue to save until you can afford to purchase your home rather than waiting until you can secure financing.
Dillon, South Carolina is conveniently located near the popular vacation spot Myrtle Beach, and with its location at the northeastern edge of South Carolina, residents can reach North Carolina in 14 miles driving north. Established in 1888, Dillon is also home to a number of historical landmarks such as the ornate Dillon County Courthouse within the Dillon Historical Overlay District that pay tribute to its rich past in the railroad industry. With its cost of living being under the national average, and its median home price being well below South Carolina's median as a whole, the city of Dillon presents a more affordable choice for individuals looking to live in northeastern South Carolina.
Summary
Dillon, South Carolina is conveniently located near the popular vacation spot Myrtle Beach, and with its location at the northeastern edge of South Carolina, residents can reach North Carolina in 14 miles driving north. Established in 1888, Dillon is also home to a number of historical landmarks such as the ornate Dillon County Courthouse within the Dillon Historical Overlay District that pay tribute to its rich past in the railroad industry. With its cost of living being under the national average, and its median home price being well below South Carolina's median as a whole, the city of Dillon presents a more affordable choice for individuals looking to live in northeastern South Carolina.
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
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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