Rent to Own Homes in Ridgeland
making a home in a quaintThe below results are primarily rent to own homes in :
making a home in a quaintThe below results are primarily rent to own homes in :
Southern town a potentially affordable option for people who are interested in relocating to the Lowcountry region." Ridgeland is located in the southern region of South Carolina, approximately 30 miles north of Savannah, Georgia. This Lowcountry town is considered a part of the Hilton Head Island-Bluffton-Beaufort, SC Metropolitan Statistical Area. According to the United States Census Bureau, the population of Ridgeland is just over 4,000 residents. Ridgeland residents find themselves well-connected to surrounding communities, with easy commutes to nearby metropolitan areas. The town lies along Interstate 95 (I-95), the major interstate along the East Coast of the United States. U.S. 17, which links Charleston, Savannah and other major cities also enters Ridgeland. The median income for households in Ridgeland is reported as approximately $36,000 per year. Health care, construction and retail industries employ nearly 45% of residents in the town. Families living in Ridgeland are served by the Jasper County School District. Ridgeland Elementary School, Ridgeland-Hardeeville High School and the Jasper County Alternative Program are all located within Ridgeland. Residents can experience a dose of small-town charm in downtown Ridgeland. The Town of Ridgeland Farmers Market is a popular place for locals to shop for produce and unique handmade items. Scenic trails and parks bring residents together to enjoy outdoor recreation in the region's desirable climate.
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 have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
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