Rent to Own Homes in Myrtle Beach
The... Read More
The city is actually located on a man-made island separated from the mainland by the Intracoastal Waterway, created in 1936. The city features long, hot summers that are somewhat milder in intensity than nearby areas with a nearly tropical feel. Winters in Myrtle Beach are generally short and mild.The below results are primarily rent to own homes in Horry County, SC:
The... Read More
The city is actually located on a man-made island separated from the mainland by the Intracoastal Waterway, created in 1936. The city features long, hot summers that are somewhat milder in intensity than nearby areas with a nearly tropical feel. Winters in Myrtle Beach are generally short and mild.The below results are primarily rent to own homes in Horry County, SC:
Because of the heavy tourism industry in the city, there is a constant stream of activities, events, festivals, concerts and happenings taking place in Myrtle Beach and the area is home to beaches, golf courses, amusement parks, theaters, nightclubs and a diverse, extensive range of shopping and dining options. All cuisines, from high-end to low-budget, are available in the city.
Myrtle Beach is home to the commercial, public-use Myrtle Beach International Airport and easily accessed from a range of highways. A growing number of expanded roads to Myrtle Beach have been built in recent years to ease congestion caused by tourism. It is part of the Horry County School system, the third largest educational district in the state. Economically, tourism drives Myrtle Beach, with a wide range of hospitality, service, retail and related industries.
Buying a Home in Myrtle Beach?
Myrtle Beach is a vacation dream and also a year-round lifestyle for local residents. The climate, beauty and activity of the city make it a real draw, especially for homebuyers who love the beach and a summery climate. Homes remain affordably priced, however, and the median price of homes listed for sale in the city is $160,000. Home values in the city have risen consistently since 2012 and are expected to continue to rise in the coming years. The real estate market is stable.
Popular Neighborhoods in Myrtle Beach?
While Myrtle Beach is full of tourist-oriented activities, many neighborhoods in the city offer a restful break from the buzz of visitors. Carolina Forest is located around 15 minutes from the beach, with a wide array of housing developments and subdivisions and easy access to a wide range of retail. Oriented toward younger families, the community has a range of play areas and other kid-friendly activities. Forestbrook is another quiet, family-oriented subdivision in Myrtle Beach, located only five to 10 minutes from the beach but peaceful and family-friendly.
Buying vs. Rent to Own?
You may know that you're committed to achieving your goal of homeownership in Myrtle Beach, but also want a little more time to improve your down payment and maximize your credit score for optimal mortgage rates. Rent to own homes may provide a great option in this situation. You can negotiate the purchase price of your home today and move in, but you'll rent for a specified period, during which you can save up for your down payment and bring up your credit score before completing the purchase at the end of the lease. Rent to own homes can give you a head start for homeownership.
Cost of Living in Myrtle Beach?
The cost of living in Myrtle Beach is right around the national average cost. You'll save on housing, as prices in Myrtle Beach are 7 percent below the United States average housing cost. Myrtle Beach also offers savings on goods and services, health care and transportation. Groceries sit at right around the U.S. national average, while utilities are a little bit higher than the US average.
As major tourist draw full of activities and a beachy vacation paradise, Myrtle Beach also offers community-oriented, family-friendly living. You'll enjoy easy access to a wide range of shopping, restaurants and retail and unparalleled outdoor activities and recreational options. Communities in the city are designed to provide family homes, with comfortable lawns, room to play and child-friendly activities.
Summary
As major tourist draw full of activities and a beachy vacation paradise, Myrtle Beach also offers community-oriented, family-friendly living. You'll enjoy easy access to a wide range of shopping, restaurants and retail and unparalleled outdoor activities and recreational options. Communities in the city are designed to provide family homes, with comfortable lawns, room to play and child-friendly activities.
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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