Rent to Own Homes in Murrells Inlet
Murrells Inlet is an unincorporated community just north of Huntington Beach State Park and a few minutes south of Myrtle Beach. The United States Census Bureau considers Murrells Inlet a census-designated place, attributing 7,547 residents to Murrells Inlet CDP.The below results are primarily rent to own homes in :
Murrells Inlet is an unincorporated community just north of Huntington Beach State Park and a few minutes south of Myrtle Beach. The United States Census Bureau considers Murrells Inlet a census-designated place, attributing 7,547 residents to Murrells Inlet CDP.The below results are primarily rent to own homes in :
The community’s location on the Atlantic Ocean makes it a prime spot for beachgoers. Murrells Inlet’s was once the hideaway of Blackbeard and other pirates who used the channel to secrete their treasures. Murrells Inlet MarshWalk is also a popular spot to enjoy nature and estuary views. The MarshWalk offers a one-half mile boardwalk in Murrells Inlet’s historic fishing village. The village area is known for its Lowcountry eateries, shopping and free entertainment as well as access to water sports, fishing and kayaking. The Waccamaw River also figures prominently in Murrells Inlet’s history and present-day recreation. The river was once the town’s main transportation route, helping to convey the area’s pre-Civil War rice crops. Today, the Waccamaw River is a popular river cruise site, offering views of grand old riverfront rice plantation homes. It’s also a favorite of local kayakers and canoers. Locals and visitors also find recreation at sites like Wachesaw Plantation Club and Brookgreen Gardens. Both were once stately plantations but now appeal to families and retirees for their countless entertainments. Brookgreen is known for its many sculptures, its exemplary botanical gardens, the Lowcountry Zoo and its Summer Lights Festival.
Buying vs. Rent to Own Homes
The difference between buying a home and signing up for a lease-option depends on your timeframe and how much money you spend on buying the house.
When you buy a house outright, you pay for the fair market value of the home plus interest and other fees charged by your financial lender, if you have one. You buy the property today and immediately start building equity in it.
However, when you rent to own, you won’t own the home until you close on the property, which could be as far as three years from today. You’ll also pay rent monthly, and you don’t get that money back.
There are some fees that you pay for rent to own that you’ll get back as a credit towards the price of your home, like option fees and rent credits. These count as equity on the home, but they’re not on the scale of equity you would build with a mortgage. Therefore, these don’t add anything on to the price you pay for the home the way that rent does.
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
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.
Sign up for one of our free listings so that potential buyers can find you when they look for rent to own homes near me online.
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