Rent to Own Homes in Walterboro
Two early settlers, Paul and Jacob Walter, had... Read More
Two early settlers, Paul and Jacob Walter, had plantations in South Carolina’s marshy lowcountry. Paul’s daughter Mary contracted malaria, a disease that was common in the area, and to save her life the two brothers sought a location away from the marshes during the summer months. Thus, Walterborough (later shortened to Walterboro) was established in 1783 as a summer retreat for planters to get away from the dangers of malaria at their plantations. It became the county seat in 1817.The below results are primarily rent to own homes in Colleton County, SC:
Two early settlers, Paul and Jacob Walter, had... Read More
Two early settlers, Paul and Jacob Walter, had plantations in South Carolina’s marshy lowcountry. Paul’s daughter Mary contracted malaria, a disease that was common in the area, and to save her life the two brothers sought a location away from the marshes during the summer months. Thus, Walterborough (later shortened to Walterboro) was established in 1783 as a summer retreat for planters to get away from the dangers of malaria at their plantations. It became the county seat in 1817.The below results are primarily rent to own homes in Colleton County, SC:
In 1942 the Walterboro Army Air Field was established as one of many training air fields across the country. A POW camp and camouflage school were also there. It’s now known as Lowcountry Regional Airport.
Each year in April the Colleton County Rice Festival is held to celebrate the importance of rice crops in the state’s history and economy. There are many historic homes throughout the town, some dating to 1820, and the downtown area has a number of historic buildings. Walterboro has also become a popular place for antique shopping.
Buying a Home in Walterboro
The median home cost in Walterboro is $89,000, which is less than half the national average. Recent home listings range from $69,000 to $449,000. About 67 percent of the residential real estate is owner occupied. The overall cost of living in this small South Carolina city is nearly 19 percent below the national average.
The average age of Walterboro’s residents is 41, and about 31 percent of the population is married. Job growth is positive and projected to be about 37 percent over the next ten years.
The city is served by Colleton County School District, and public schools include five elementary, one middle, and one high school in the area. There are private schools as well, including Colleton Preparatory Academy and North Walterboro Christian Academy. The University of South Carolina Salkehatchie has a branch in the city.
Buying vs. Rent to Own Homes
You may already be thinking about a move to Walterboro because of its small town atmosphere and low housing cost. But buying a home can be a long and complicated process requiring pre-qualification and a hefty down payment. If you’re not quite ready for that, or think you don’t qualify for financing, consider a rent-to-own arrangement. A portion of each month’s rent goes toward a down payment to eventually buy the house. It’s doesn’t require a large outlay of cash, and renters can look forward to becoming proud homeowners.
Summary
Walterboro’s low cost of living, peaceful surroundings, southern charm, and mild climate all recommend it. High temperatures average 58 in January and 92 in July. Its proximity to Charleston and the coast means that great recreation and all the amenities of the big city – shopping, dining, nightlife, and entertainment – are never too far away.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.
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