Rent to Own Homes in Gaffney
The first resident in this city was Michael A. Gaffney, who built a tavern around which the city developed. It was originally known as Gaffney's Cross Roads, and then was renamed to Gaffney City. It's now simply known as Gaffney and is home to about 12,500 residents. This area has experienced little growth in the last 10 years, but the city is still home to a growing list of employers and retail stores. Residents have also worked together to create projects that would enrich the city. The Gaffney Station Farmer's Market is a good example of this action.The below results are primarily rent to own homes in Cherokee County, SC:
The first resident in this city was Michael A. Gaffney, who built a tavern around which the city developed. It was originally known as Gaffney's Cross Roads, and then was renamed to Gaffney City. It's now simply known as Gaffney and is home to about 12,500 residents. This area has experienced little growth in the last 10 years, but the city is still home to a growing list of employers and retail stores. Residents have also worked together to create projects that would enrich the city. The Gaffney Station Farmer's Market is a good example of this action.The below results are primarily rent to own homes in Cherokee County, SC:
This historic district located downtown Gaffney is a registered historic place, so it may make you feel like you've been transported back in time. Some of the biggest attractions in this small Cherokee County town include the Veterans Memorial, the Carnegie Library, the Battle of Cowpens memorial and the Cherokee County Courthouse. You'll know that you're officially in Gaffney when you see the Peachoid, which is a water tower in the shape of a giant peach.
Buying a Home in Gaffney?
More than 60 percent of Gaffney residents own their homes, and the city is full of cozy neighborhoods with affordable homes and easy access to public schools, local parks, restaurants and shopping centers. There are often fewer than 100 homes on the market, so you may need to watch the listings carefully until you find property that fits your needs. If you have children in the family, the best schools are Corinth Elementary, Granard Middle and Northwest Elementary.
Popular Neighborhoods in Gaffney?
Macedonia is one of the best neighborhoods in Gaffney if you're concerned about school zones and family-friendly environments. This community is located in the northwestern corner of the city, mostly falling north of U.S. Route 29 and east of the creek. You'll find some new homes mixed in with houses built between 1970 and 1999, and the median real estate price is typically below $100,000. This area offers a low vacancy rate and access to some of the city's best-ranked schools.
The most prestigious Gaffney neighborhood is Grassy Pond. It's located in the northeastern corner of the city, mostly running north of I-85, east of Route 11 and west of the Broad River. The median real estate price is often over $150,000 in this community, but you'll find some of the larger and more luxurious homes here. This is a stable community with a vacancy rate well under 10 percent.
Buying vs. Rent to Own Homes?
If you're anxious to move into a new home but know that you would qualify for a better interest rate if you prepared a little more, rent-to-own homes may solve your problem. Not all homes for sale in Gaffney will offer this opportunity, but those that do are worth seeking out. You'll start out as a renter with the expectation of purchasing the property within a designated period of time. As long as you follow the terms of the agreement and eventually take out a loan for the purchase, you will rent your way to home ownership.
Cost of Living in Gaffney?
While most expenses in Gaffney are comparable to national averages, the housing market pulls the cost of living down dramatically. The housing index often falls 50 percent below average, and it can go even lower at times. This is why more than half of the population owns property and why so many new residents are attracted to the city. This housing market makes it possible for those with good jobs to stretch their budgets and buy bigger homes without blowing their budgets.
Gaffney is the "Peach Capital of South Carolina" and home to a registered historic district. The city now claims fewer than 15,000 residents who appreciate the slow-paced lifestyle, low crime rates and affordable housing prices that come with living in such a small southern town. Many visitors are attracted to the city because it's home to the Cherokee Speedway, but residents stick around because they want to live the small-town lifestyle while remaining a short drive from larger cities like Spartanburg and Charlotte, North Carolina.
Summary
Gaffney is the "Peach Capital of South Carolina" and home to a registered historic district. The city now claims fewer than 15,000 residents who appreciate the slow-paced lifestyle, low crime rates and affordable housing prices that come with living in such a small southern town. Many visitors are attracted to the city because it's home to the Cherokee Speedway, but residents stick around because they want to live the small-town lifestyle while remaining a short drive from larger cities like Spartanburg and Charlotte, North Carolina.
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.
- 29340
- 29341
- 29342