Rent to Own Homes in Laurens
Laurens, South Carolina, is the county seat of northwestern Laurens County. The city... Read More
Laurens, South Carolina, is the county seat of northwestern Laurens County. The city was named for Henry Laurens, an American merchant and slave trader who became a local South Carolina leader during the Revolutionary War. Henry Laurens was the successor to John Hancock as the President of the Continental Congress in 1777, and was one of the signatories of the Articles of Confederation. The city of Laurens was established in 1785.The below results are primarily rent to own homes in :
Laurens, South Carolina, is the county seat of northwestern Laurens County. The city... Read More
Laurens, South Carolina, is the county seat of northwestern Laurens County. The city was named for Henry Laurens, an American merchant and slave trader who became a local South Carolina leader during the Revolutionary War. Henry Laurens was the successor to John Hancock as the President of the Continental Congress in 1777, and was one of the signatories of the Articles of Confederation. The city of Laurens was established in 1785.The below results are primarily rent to own homes in :
The city houses several historic buildings, including the Laurens County Courthouse which is in the center of Courthouse Square that was established in 1792. The Laurens church district has two historic churches, both located on Carolina street: the Bethel AME Church, built in 1868, and Saint Paul First Baptist, built in 1877. The oldest operating church in Laurens is The Church of the Epiphany, which was built in 1846. The city is also known for the Laurens Glass Company which was founded in 1910 and maintained the position of largest glass manufacturer and supplier in the area for more than eighty years. Laurens has only one print newspaper, The Laurens County Advertiser, that is distributed on a weekly basis as well as a public, government access cable TV channel, The Laurens County Community Access Channel. These two formats serve as important distributors of local and national news for the residents of Laurens.
Buying vs. Rent to Own Homes
To buy a house, you (1) look at the homes available for purchase, (2) pick the house you want, (3) pay the seller the cost of the home and (4) you get the house. That’s the basic gist of the traditional home buying process.
All the steps of the traditional home buying process are present in the rent to own process. The difference is that renting to own has an additional step between Step 2 and Step 3. Step 2.5 is to rent the home for a maximum of three years until you are ready to continue to Step 3.
During Step 2.5, you’re working on improving your credit score, building a steady job history and saving up a down payment so that you can qualify for financing. Once you have financing, you can move on to Step 3.
Rent to own is a good way to prepare for buying a property. Once you do buy, you won’t have to spend money on rent any longer. So, the sooner you can buy, the better.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
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