Rent to Own Homes in Tabor City
Tabor City is a small North Carolina town that rests on the North Carolina – South Carolina state line. This location is less than a one-hour drive from many beaches and vacation cities on the Atlantic coast, including Myrtle Beach, Ocean Isle Beach, Oak Island and Bald Head Island. Wilmington is approximately 65 miles to the east, and Florence, South Carolina, is about 55 miles to the west. Some of the biggest attractions in the Tabor City area include Lake Tabor and the Loris Nature Park in South Carolina.The below results are primarily rent to own homes in :
Tabor City is a small North Carolina town that rests on the North Carolina – South Carolina state line. This location is less than a one-hour drive from many beaches and vacation cities on the Atlantic coast, including Myrtle Beach, Ocean Isle Beach, Oak Island and Bald Head Island. Wilmington is approximately 65 miles to the east, and Florence, South Carolina, is about 55 miles to the west. Some of the biggest attractions in the Tabor City area include Lake Tabor and the Loris Nature Park in South Carolina.The below results are primarily rent to own homes in :
The economy in Tabor City was originally supported by agriculture, and that continues today. Corn fields are dotted throughout the town, and there are many lumber yards still in operation. Many visitors travel through the town on their way to the Grand Stand on the coast in the spring and summer, and there are many campgrounds and small attractions to keep them busy along the way. The town is well known today for its muscadine wine and small restaurants serving high-quality food. Tabor City is often referred to as the “Yam Capital of the World,” and the town hosts the annual NC Yam Festival. While residents can commute to larger cities in the surrounding area for jobs with large employers, this town takes pride in maintaining a low-traffic, stress-free environment.
Buying vs. Rent to Own Homes
Rent to own gives you anywhere between a few months and three years time to prepare for buying a home. It’s more costly than buying outright because you’ll be paying rent to the owner instead of building equity by paying off the mortgage; but, it’s much better than renting because you have the option to buy and stop the rent payment process whenever you’re ready.
Lease-options help set you up for a home purchase in the not-so-distant future.
That’s not to say that because you aren’t ready to buy you should rent to own. If you need more than three years before you’re ready to purchase a home, you shouldn’t rent to own. Instead, you should wait until you’re at least less than three years away from qualifying to buy a home before signing your lease-option because, if the lease term ends and you’re not ready to buy, you’ll lose the money you invested in an option fee and any other money you’ve negotiated from the seller.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
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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