Rent to Own Homes in Taylors
Taylors, South Carolina, is a part of the greater Greenville-Mauldin-Easley Metropolitan Statistical Area. According to the United States Census Bureau, the population of Taylors is around 22.4 thousand with a median income of $49 thousand for the average household. Taylors is located in Greenville County, which is in the northwest region of South Carolina.The below results are primarily rent to own homes in :
Taylors, South Carolina, is a part of the greater Greenville-Mauldin-Easley Metropolitan Statistical Area. According to the United States Census Bureau, the population of Taylors is around 22.4 thousand with a median income of $49 thousand for the average household. Taylors is located in Greenville County, which is in the northwest region of South Carolina.The below results are primarily rent to own homes in :
The city covers around 10.9 square miles of land with little to no bodies of natural water and sits at an elevation of 932 feet. The median age for residents in Taylors is around 36 years, which is three years below the South Carolina average. The median value of homes in Taylors as of 2016 was at around $152 thousand, which is slightly below the average of the state as a whole. Over 70% of the inhabitants of Taylors are home-owners, and of those home-owners, around 49% are married. Taylors is home to three major universities, including Clemson University, Greenville Technical College, and Tri-County Technical College. The city has over 14 schools which are a part of the greater Greenville County School District, and all of which have been rated highly in terms of education and location. Overall, South Carolina's graduation rate has been on the rise in recent years, and this holds even more true for students in Greenville County, with an amazing 12% increase in graduation rates between 2011 and 2015.
Buying vs. Rent to Own Homes
When you rent to own, you pay an option fee and rent the home for up to three years while prepping for financing approval. Then, you buy it as soon as you’re ready. When you buy a home normally, you skip to the third step of the process.
Basically, when you’re almost ready to own a home, you should consider renting to own, but when you are ready, you should go ahead and purchase it.
Rent to own gives you more time to improve your credit score or save up a greater down payment in preparation for buying a house. Ultimately, rent to own is more expensive than outright buying a property because you’re paying rent to the owner every month. However, lease-options are a much better alternative than renting a property because you’re building some equity in the home, just not as much as you will once you purchase.
Once you own a home, you will likely be making monthly payments to a mortgage. Mortgage payments are typically around the same amount as rent to own payments, but all of it – minus interest, PMI and taxes – builds equity in the property, which directly benefits you.
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
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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