Rent to Own Homes in Union
This small city is the county seat of Union County and home to about 8,000 people. Located in north central South Carolina, it is about 26 miles from Spartanburg, 70 miles from the state capital of Columbia, and 65 miles from Charlotte, North Carolina.The below results are primarily rent to own homes in Union County, SC:
This small city is the county seat of Union County and home to about 8,000 people. Located in north central South Carolina, it is about 26 miles from Spartanburg, 70 miles from the state capital of Columbia, and 65 miles from Charlotte, North Carolina.The below results are primarily rent to own homes in Union County, SC:
Union remained untouched during the Civil War because the Broad River flooded and prevented Sherman’s troops from reaching the town. As a result, the place has been well preserved; over 100 buildings and historic sites in Union are on the National Register of Historic Places. These include: The Union Downtown Historic District, which encompasses 48 buildings – commercial, public, residential, industrial, and transportation-related – in the central business district of Union. The buildings date from 1878 to 1940. The South Street-South Church Street Historic District, with 78 contributing buildings, is mainly in the residential section. The houses were built between 1850 and about 1930. And the East Main Street-Douglas Heights Historic District is comprised of 55 contributing buildings dating from 1823-1940.
Buying a Home in Union
Current home listings in Union range from $31,900 to $365,000. The median home price is $65,000, which is a whopping 65 percent below the national average. The overall cost of living in Union is over 23 percent below the national average.
The average age of Union’s residents is 38.2, and 43.1 percent of the population is married. About 60 percent of the residential real estate is owner occupied.
Union County Schools serves the city, which is comprised of five elementary schools, one middle school, and Union County High School. Two of the schools – including the high school – are within the city limits.
Popular Neighborhoods in Union
The Union area is comprised of five constituent neighborhoods. The Thompson Blvd/Arthur Blvd area is mainly comprised of small- to medium-sized single-family homes and apartment complexes, and the residents are a mixture of owners and renters. In such a historic town, it’s expected that many of the residences are older; many were built between 1940 and 1970. The median home cost is about $106,000.
The Carem/South Hills neighborhood is mostly small- to medium-sized single-family homes and mobile homes. Most are owner occupied, and many of the homes were built after 1970. The median home cost is $103,600.
Buying vs. Rent to Own Homes
Union may already sound appealing because of its historical aspect and low cost of living. Getting financing for a home, however, can be a long process. It requires good credit, pre-qualification, and a sizable down payment. If you don’t have that kind of cash available, or think you don’t qualify, there is an alternative. Many are taking advantage of rent-to-own opportunities. 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 a large outlay of cash for a down payment can still look forward to becoming proud homeowners.
Summary
South Carolina’s mild climate means that Union and its environs can be enjoyed all year round. The town is dripping with history, and the small-town, friendly atmosphere and remarkably low housing cost highly recommend it. Big cities are within about an hour’s drive. Indeed, Union has a lot to offer.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
About Our Listings
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
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