Rent to Own Homes in Mount Pleasant
Mount Pleasant is a suburban town positioned just east of Charleston, South Carolina. This Charleston County enclave overlooks the sparkling waters of Charleston Harbor and Wando River. According to the United States Census Bureau, the population of Mount Pleasant is more than 84,000 residents.The below results are primarily rent to own homes in :
Mount Pleasant is a suburban town positioned just east of Charleston, South Carolina. This Charleston County enclave overlooks the sparkling waters of Charleston Harbor and Wando River. According to the United States Census Bureau, the population of Mount Pleasant is more than 84,000 residents.The below results are primarily rent to own homes in :
Although there is a vast amount of water surrounding Mount Pleasant, it is well-connected to nearby communities in Charleston County. The Arthur Ravenel Bridge was constructed in 2005 and effortlessly links Mount Pleasant to Charleston. The Mount Pleasant Regional Airport, located in the northern portion of the town, caters primarily to recreational flyers. Public safety is paramount in Mount Pleasant. The Mount Pleasant Police Department earns high rankings on lists that examine the best suburban police departments in the country. The Mount Pleasant Fire Department is a full-time fire department that has been accredited since 2001. It was the first fire department in South Carolina to receive accreditation by the Commission on Fire Accreditation International. Mount Pleasant is a rapidly growing community that maintains a laid-back atmosphere with true Southern Hospitality. A visit to the Mount Pleasant Historic District will reveal architectural gems that remind residents of their Lowcountry location.
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
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
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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