Rent to Own Homes in North Myrtle Beach

The city is split into five different neighborhoods: Barefoot, Cherry Grove, Crescent Beach, Ocean Drive Beach, and Windy Hill Beach. These neighborhoods were merged in 1968 to create the city as it is known today. The local government continues to work on a political policy that believes in residential growth through annexation. North Myrtle Beach is surround by the communities of Atlantic Beach (population of 334), Briarcliffe Acres (population of 457), and Little River (population of 9 thousand).
The public schooling system of North Myrtle Beach includes three elementary schools (Ocean Drive Elementary School, Riverside Elementary School, and Waterway Elementary School), North Myrtle Beach Middle School, and North Myrtle Beach High School. The high school is located in the neighboring community of Little River, enrolls around 1.4 thousand students each year, and has a two year regional championship streak for its boys’ football team. One particularly notable alumnus of North Myrtle Beach High School is the famous Vanna White, class of 1975 and half of the face of the historically popular Wheel of Fortune TV series.

Buying vs. Rent to Own Homes

Renting to own a home and buying a home both have the same end goal – you own the house you’re interested in. The difference between the two is your timeline. Buying a property is a great idea if you’re sure about the property and you have financing to purchase it today.

Lease-options are a good idea when you’re having doubts about the house or if you’re not financially ready to own the house you’re looking at. They’re a good option if you almost have a high enough credit score, a steady enough job history or a big enough down payment to qualify for financing on the home, but you need some more time to qualify. Rent to own gives you time to get your affairs in order, ability to try out a house and flexibility to close on the home when you’re ready – without having to wait for the end of a lease.

To be clear, if you can buy a house today, you should do it. If you’re looking at buying within the next three years, rent to own is a good way to start the process.

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.