Rent to Own Homes in Greenville
The below results are primarily rent to own homes in Greenville County, SC:
The city of Greenville is located near the northwestern corner of South Carolina in the southern United States. It’s positioned approximately 30 miles west of Spartanburg and about 100 miles north of Columbia. Charlotte, North Carolina, is about 100 miles to the northeast, so residents have many opportunities to plan short getaways to surrounding tourist destinations. They can also commute to Spartanburg and other surrounding cities for entertainment and employment opportunities.
The Chattahoochee National Forest is a short drive to the west, and the Greenville area is home to Paris Mountain State Park, Swamp Rabbit Trail and Lake Conestee Nature Park. The city also contains the Greenville County Museum of Art, the Roper Mountain Science Center and the Greenville Zoo.
These features plus many others make the city a major attraction for families and professional singles interested in living active lifestyles with many opportunities for outdoor recreation. Local news is provided by the Greenville News, and the city is served by the Greenville County School District. This is the largest school district in the state.
Buying a Home in Greenville
Greenville has a versatile housing market, so expect to see a lot of character in the sales listings. You may see empty lots that are perfect for custom-built homes, cheap foreclosure homes that are in need of a caring touch, luxury homes with acreage and small single-family homes nestled into family-friendly communities. The median sales price for the city often falls below $200,000, so there are many affordable homes waiting for new owners. While the lower-priced properties may grab your attention, remember to consider the time and money that you may need to invest in order to fix the home up to your standards.
Popular Neighborhoods in Greenville
If you want to live in a cozy residential area while remaining a short drive from downtown Greenville, consider the North Main neighborhood. There are a lot of older homes in the area, but the properties are generally well-maintained and you can reach the downtown area in just minutes. You can also catch the trolley heading downtown if you don’t have personal transportation.
Another popular Greenville neighborhood is the Augusta Road area. It’s also close to the downtown area, and you’ll find a lot of historic homes full of charm and style. For newly constructed homes and luxury homes, consider the Tinsley Place neighborhood.
Buying vs. Rent to Own Homes
If buying a home is one of your future goals, you should consider looking at rent-to-own homes in Greenville. This is an easier way to purchase a home because you start out with a rental period that allows you to settle into your new property. These contracts typically give you a year or longer to secure financing and purchase the home, so you have time to improve your credit score or to make sure that you want to live in your chosen neighborhood. As long as you purchase the property before a designated date, you can rent your way to ownership.
Cost of Living in Greenville
The cost of housing in Greenville typically stays close to the national average, but it can spike a bit higher or drop slightly below average at times. Most other expenses are comparable to national averages at all, making this a reasonably priced city where most consumers can find homes within their budget. While there are some cheaper economies in surrounding cities, Greenville offers many family-friendly communities with well-maintained homes and low crime rates.
Greenville is one of the most popular cities in northwestern South Carolina due to its central location and long list of entertainment and cultural venues. The city is located a short distance from the Chattahoochee National Forest and is home to state parks, nature parks, scenic walking trails and a zoo. Several large cities are a short drive away, including Columbia and Charlotte, North Carolina. With an average cost of living, this is also an affordable city to call home.
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
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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