Rent to Own Homes in Marion
The first Marion residents arrived in this area of South Carolina by traveling along the Pee Dee River. The initial city was established around Catfish Creek, which isn't far from the small town that exists today. There are approximately 7,000 residents within city limits, and the town is now a part of Marion County.The below results are primarily rent to own homes in Marion County, SC:
The first Marion residents arrived in this area of South Carolina by traveling along the Pee Dee River. The initial city was established around Catfish Creek, which isn't far from the small town that exists today. There are approximately 7,000 residents within city limits, and the town is now a part of Marion County.The below results are primarily rent to own homes in Marion County, SC:
This small town is home to a few registered historic places, including the Marion County Court House, the Marion County Museum, the Marion High School building and the Marion Historic District. Schools in the area are operated by the Marion County School District 10, and the system includes an alternative school for middle and high school students. Parents may also choose to send their children to the private Pee Dee Academy.
Buying a Home in Marion?
Marion offers a small real estate market that commonly features small single-family homes listed for less than $80,000 as well as newer and larger homes selling for less than $200,000. The median listing price for the city typically stays close to $100,000 and may sometimes fall even lower. The median home size is around 4,500 square feet, and you can expect to pay around $150 per square foot. Prices in the most desirable neighborhoods may command higher prices.
Buying vs. Rent to Own Homes?
Have you seen signs for rent-to-own homes in Marion? These properties are up for sell like others listed on the housing market, but they give you the option of renting before you buy. This simply means that you sign a unique rental contract that gives you the right to purchase the property within a specified period of time. If you need a year or two before you're eligible for a home loan after filing bankruptcy, need to improve your credit score so that you qualify for a better interest rate, or simply want to settle into your new neighborhood before committing, you may find this contract option ideal.
With a population around 7,000 and a list of registered historic buildings, Marion is your typical small town in South Carolina. The city is positioned less than 50 miles from Myrtle Beach and is about a one-hour drive from Surfside Beach and other attractions along the Atlantic coast. Marion is home to a public school system plus an alternative school and one private school. The low cost of housing is one of the biggest attractions for new residents.
Summary
With a population around 7,000 and a list of registered historic buildings, Marion is your typical small town in South Carolina. The city is positioned less than 50 miles from Myrtle Beach and is about a one-hour drive from Surfside Beach and other attractions along the Atlantic coast. Marion is home to a public school system plus an alternative school and one private school. The low cost of housing is one of the biggest attractions for new residents.
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
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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