Rent to Own Homes in Seneca
Originally called Seneca City, the town was named after a nearby Native American village named Esseneca, which was on the banks... Read More
Originally called Seneca City, the town was named after a nearby Native American village named Esseneca, which was on the banks of the Seneca River. It was incorporated in 1874, and the name was changed to Seneca in 1906.The below results are primarily rent to own homes in Oconee County, SC:
Originally called Seneca City, the town was named after a nearby Native American village named Esseneca, which was on the banks... Read More
Originally called Seneca City, the town was named after a nearby Native American village named Esseneca, which was on the banks of the Seneca River. It was incorporated in 1874, and the name was changed to Seneca in 1906.The below results are primarily rent to own homes in Oconee County, SC:
Between 1963 and 1974, no less than three man-made lakes were constructed in the environs of Seneca – Lake Hartwell, Lake Keowee, and Lake Jocassee – and they significantly changed the complexion of the region. The lakes are popular areas for boating, fishing, camping, hiking, biking, swimming, and wildlife viewing. Seneca’s northern boundary is Lake Keowee. The area has also attracted retirees from all over the country, and many retiree communities have been established.
Seneca is centrally located between Atlanta (115 miles), Charlotte (140 miles), and the state capital of Columbia (140 miles). Greenville and Spartanburg are just a few miles to the east.
There are a number of buildings and districts in Seneca that are on the National Register of Historic Places. The Seneca Historic District is comprised of three churches and a number of homes that were built in the late 19th and early 20th centuries. Seneca Institute-Seneca Junior College was an African American school that operated from 1899 to 1939, during the period of segregation. Save for one log cabin, the buildings were torn down in 1963.
Buying a Home in Seneca
Current home listings in the Seneca area range from $50,000 to $1.3 million. The median home cost is a modest $142,300, which is 23 percent below the national average. About 63 percent of the residential real estate is owner occupied. Overall, the cost of living is about ten percent below the national average.
The median age of Seneca’s inhabitants is 41, and approximately 44 percent of the population is married. The median household income is about $32,600.
Seneca is served by the School District of Oconee County. This is made up of ten elementary schools, three middle schools, two high schools, an academy, and a career center.
Buying vs. Rent to Own Homes
Perhaps Seneca is already tempting you with its small-town charm and multiple recreation opportunities. Financing a home, however, can be a difficult process, requiring a down payment and pre-qualification. If you don’t think you qualify, there is an alternative. Many are taking advantage of rent-to-own plans. A portion of each month’s rent goes toward a down payment to eventually buy the home. Renters who may not be able to afford one lump sum as a down payment can still look forward to becoming homeowners.
Summary
The City of Smiles has much to offer. Set in the foothills of the beautiful Blue Ridge Mountains, the natural beauty of the Seneca area is second to none. A mild southern climate, family-friendly neighborhoods, and the low housing cost make this small South Carolina city an attractive place to settle and put down roots.
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
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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