Rent to Own Homes in Santee
Santee, South Carolina, is located in the valley of the eastern United States's second largest river, the Santee River. The Santee River was dammed in the 1940s to help supply the massive Lake Marion which was used to provide hydroelectric power under President Franklin D. Roosevelt's rural electrification program during the Great Depression. Lake Marion is the largest lake in South Carolina, and one of the fifty largest lakes in all of the United States.The below results are primarily rent to own homes in :
Santee, South Carolina, is located in the valley of the eastern United States's second largest river, the Santee River. The Santee River was dammed in the 1940s to help supply the massive Lake Marion which was used to provide hydroelectric power under President Franklin D. Roosevelt's rural electrification program during the Great Depression. Lake Marion is the largest lake in South Carolina, and one of the fifty largest lakes in all of the United States.The below results are primarily rent to own homes in :
The United States Census Bureau recorded the population of Santee at a little over 700 people, making this a small, rural town in the south-central portion of South Carolina. As of 2008, the Santee Cooper Regional Water System construction was completed as a joint effort of the US Department of Agriculture, the Army Corps of Engineers, USEPA, and the South Carolina Department of Commerce. This water plant provides millions of gallons of water to each of the five counties surrounding the Santee River Valley each day, including: Orangeburg, Berkeley, Dorchester, Calhoun, and Sumter counties. The creation of this water plant has led to an increase in overall economic and population growth in the city of Santee, and will likely continue to rise. Santee is also home to the Lake Marion High School and Technology Center, which is the only public high school in Orangeburg County District 3. In addition to its use as a high school, the center also serves a number of community endeavors, including a gymnasium, media center, technology center, and a fine arts center.
Buying vs. Rent to Own Homes
Renting to own a home and buying a house have the same steps, just on different timetables.
When you buy a house, you either pay with cash or you make monthly payments to a mortgage or some other kind of financing option for a set time frame.
When you rent to own a home you pay an option fee, which is later credited toward the purchase of the home, and then you make monthly rent payments until you’re sure you want to buy this house and you can secure financing. Then, you do the same things you would if you were buying a house – just make sure you do it before the end of the lease term so that you don’t lose any of the money you’ve negotiated.
When you can choose between the two, buying might be the right option because your monthly payments will go towards equity in a home as opposed to someone else’s pocket. However, lease-options get you to the same place with a little more time.
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
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
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