Rent to Own Homes in Simpsonville
Simpsonville is attractive to many families because it offers a friendly, small town lifestyle while remaining a short drive from Greenville and Spartanburg. Columbia is also less than 100 miles to the southeast. With I-385 cutting through the western edge of town and I-185 crossing just north of the city, this is a well-connected area that allows residents easy access to a variety of employment opportunities. Some of the major employers for the region include the State of South Carolina, GE Power & Water and Michelin.The below results are primarily rent to own homes in Greenville County, SC:
Simpsonville is attractive to many families because it offers a friendly, small town lifestyle while remaining a short drive from Greenville and Spartanburg. Columbia is also less than 100 miles to the southeast. With I-385 cutting through the western edge of town and I-185 crossing just north of the city, this is a well-connected area that allows residents easy access to a variety of employment opportunities. Some of the major employers for the region include the State of South Carolina, GE Power & Water and Michelin.The below results are primarily rent to own homes in Greenville County, SC:
Simpsonville is home to multiple properties that have been added to the National Register of Historic Places, including Simpsonville Baptist Church and the Cureton-Huff House. The city is also close to a variety of family-friendly entertainment venues, including Discovery Island Waterpark, Heritage Park Amphitheater and Golden Park Recreational Center. For outdoor recreation, residents often flock to Heritage Park.
Buying a Home in Simpsonville?
The median sales price for homes in Simpsonville often rises well above $200,000, and it's common for buyers to pay more than $100 per square foot in the most desirable neighborhoods. While you can still find properties selling for $150,000 or less, the majority of homes are listed above $200,000. Nearly 90 percent of residents own their homes, so it's not difficult to find stable neighborhoods with few to no rental properties. Most schools in the city are rated highly, so you can select a home based on other needs.
Popular Neighborhoods in Simpsonville?
Asheton Lakes is one of the more popular neighborhoods in Simpsonville. The community surrounds three lakes and features many newer homes that are well-maintained and beautifully landscaped. You can expect to see prices between $300,000 - $500,000 in this neighborhood, and homes can go up to 5,000 square feet.
If you need lower real estate prices but want to purchase a newer home, look to the Savannah Pointe neighborhood. Homes in this area are often priced at least a little below $300,000. Ravenwood is another subdivision that commonly offers properties for less than $300,000. Both of these communities have low vacancy rates, so you may need to watch the market to find homes for sale.
Buying vs. Rent to Own Homes?
If you have your eye on a home in Simpsonville but know that you need more time to qualify for financing, consider rent-to-own properties. These homes are for sale like any other, but they allow you to start out as a renter. Other buyers are blocked from making offers on the property during your rental period, and you can purchase the home for an agreed-upon price up to a specified date. This allows you to spend more time preparing for homeownership while occupying the home that you will one day call your own.
Cost of Living in Simpsonville?
Simpsonville closely reflects the national average when it comes to overall cost of living. The housing index can drop a little below average at times, but it typically rebounds and can soar slightly higher than average. Most residents report paying below-average prices for utilities, but many other expenses are equal to or slightly higher than the average. This equals out to an average cost of living that allows most residents to comfortably purchase their homes.
With approximately 19,000 residents in 2010, Simpsonville is a small town in northwestern South Carolina that attracts many families with children of all ages. The city is home to several noteworthy historic homes and is close to a long list of family-friendly parks and entertainment venues. Since it's located a short drive from Spartanburg and Greenville, residents also have access to employment opportunities in multiple cities. With a median household income over $60,000, most residents can live comfortably in this town even with a mortgage payment.
Summary
With approximately 19,000 residents in 2010, Simpsonville is a small town in northwestern South Carolina that attracts many families with children of all ages. The city is home to several noteworthy historic homes and is close to a long list of family-friendly parks and entertainment venues. Since it's located a short drive from Spartanburg and Greenville, residents also have access to employment opportunities in multiple cities. With a median household income over $60,000, most residents can live comfortably in this town even with a mortgage payment.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
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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