Rent to Own Homes in Mullins
Mullins is a small town located off U.S. Route 76 in the northeastern region of South Carolina. This area is approximately 45 miles north of Myrtle Beach and other popular vacation destinations along the Atlantic coast. Florence is approximately 30 miles to the west, Fair Bluff is about 18 miles to the east and Marion is fewer than 10 miles to the west.The below results are primarily rent to own homes in :
Mullins is a small town located off U.S. Route 76 in the northeastern region of South Carolina. This area is approximately 45 miles north of Myrtle Beach and other popular vacation destinations along the Atlantic coast. Florence is approximately 30 miles to the west, Fair Bluff is about 18 miles to the east and Marion is fewer than 10 miles to the west.The below results are primarily rent to own homes in :
Some of the biggest attractions in the Mullins area include the South Carolina Tobacco Museum, Maidendown Bay, Tenmile Bay, Little Pee Dee State Park, Wolf Pit Bay, Hannah Bay, Little Pee Dee River and Fox Bay. While many of these attractions aren't located within Mullins city limits, they're all a short drive from town. As of the 2010 United States Census, there were more than 4,500 people living in Mullins. The city of Mullins was named after William S. Mullins and is home to many registered national historic places. This includes the Mullins Commercial Historic District, the Imperial Tobacco Company Building, the Liberty Warehouse and the Old Brick Warehouse. The Mullins Fire Department has been in operation since the 1920s, and students attend Mullins High School and other public schools located within city limits. This includes Palmetto Middle School and N. Mullins Primary School.
Buying vs. Rent to Own Homes
If you’re looking to purchase a home, you could fall into three categories: ready to buy, ready to rent to own and rent a bit longer. Buying is your best option, so if you’re ready, you should. Rent to own is also a good option because it sets you on course to buy a property soon.
If you’ll be ready to buy a property within the next three years, rent to own is the right option for you. Your lease term should be at least six months longer than how much time you need to qualify for financing; that way, you have some buffer room in case something goes wrong. Whenever you are ready, you can close on the home and start building equity on it.
If it’s going to take more than three years for you to qualify for financing, keep renting until you’re less than three years away. Just because rent to own isn’t right for you now doesn’t mean it won’t be in the future.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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