Rent to Own Homes in South Boston
The Dan River forms the southern boundary of the town. Just a few miles from the North Carolina state line, South Boston is less than 60 miles from Durham and about 75 miles from Greensboro. Sixty miles to the north is Lynchburg.The below results are primarily rent to own homes in Accomack County, VA:
The Dan River forms the southern boundary of the town. Just a few miles from the North Carolina state line, South Boston is less than 60 miles from Durham and about 75 miles from Greensboro. Sixty miles to the north is Lynchburg.The below results are primarily rent to own homes in Accomack County, VA:
Several locations in South Boston are on the National Register of Historic Places, including Berry Hill Plantation, Reedy Creek Site, and the South Boston Historic District, which consists of 594 contributing buildings, some dating to the mid-19th century. And South Boston Speedway, a short track just outside town, is well known to long-time NASCAR fans.
Buying a Home in South Boston
The median home cost in South Boston is $116,800, which is 37 percent below the national average. Current home listings range from $19,900 to $334,900, and nearly 68 percent of the residential property is owner occupied. Overall, the cost of living in South Boston is about nine percent below the national average.
The median age of the residents is 42.6, and about 39 percent of the population is married. Job growth is positive and expected to be more than 34 percent over the next ten years. The median income per household is about $32,000.
Halifax County Public Schools serves South Boston, which includes two early learning centers, seven elementary schools, a middle school, and a high school.
Buying vs. Rent to Own Homes
You may be thinking of a move to this part of Virginia with its rolling hills and ridges near the picturesque Blue Ridge Mountains. But buying a home can be a complicated process that requires a down payment and pre-qualification. As a result, you may conclude that buying a home is beyond your reach. However, many are taking advantage of rent-to-own options. A part of the rent each month goes toward a down payment to eventually buy the house. Renters who may not be able to afford a large down payment can still look forward to becoming proud homeowners – without ever having to move!
Summary
South Boston’s small-town atmosphere and low housing cost recommend it as a place to consider if you’re thinking about a move. A mild climate – high temperatures of 48 in January and 88 in July – makes the environs around South Boston enjoyable year round. The beautiful country setting with big cities just a short drive away means that this small Virginia town has something for everyone.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
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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