Rent to Own Homes in Whiteville
Located in southeastern North Carolina, Whiteville is about 47 miles from the coastal city of Wilmington and 55 miles from Fayetteville. It’s less than 60 miles from the famous South Carolina beach town Myrtle Beach.The below results are primarily rent to own homes in Columbus County, NC:
Located in southeastern North Carolina, Whiteville is about 47 miles from the coastal city of Wilmington and 55 miles from Fayetteville. It’s less than 60 miles from the famous South Carolina beach town Myrtle Beach.The below results are primarily rent to own homes in Columbus County, NC:
Just seven or eight miles to the east of Whiteville are Lake Waccamaw and Lake Waccamaw State Park. The lake is estimated to be 15,000-30,000 years old, and fossils have been found on its shores that are much older. There are species of aquatic life there that are found nowhere else on earth. Popular activities include hiking, camping, fishing, and wildlife viewing.
Buying a Home in Whiteville
The median home price in Whiteville is $84,000, which is an impressive 55 percent below the national average. Current home listings range from $35,000 to $465,000. About 57 percent of the residential real estate is owner occupied. The overall cost of living in this small North Carolina town is about 14 percent below the national average.
The median age of Whiteville’s residents is 43.6, and approximately 40 percent of the population is married. The median family income is $34,000.
Whiteville City Schools serves the town, and includes a primary school, elementary school, middle school, academy, Whiteville High School, and an early college high school.
Buying vs. Rent to Own Homes
Whiteville may already be calling to you with its small-town charm and quiet environs. But for many, buying a home can seem out of reach. It requires a down payment and pre-qualification for a mortgage. As an alternative, many are taking advantage of rent-to-own opportunities. A part of each month’s rent is put toward a down payment to eventually buy the home. It’s a good alternative, as it doesn’t require a huge outlay of cash all at once. Instead, the down payment gradually builds up over a period of time, and the renter can look forward to becoming a proud homeowner – without even having to move!
Summary
A small-town, friendly atmosphere and mild southern climate contribute to the charm of this North Carolina city. The average high temperatures are 54 in January and 90 in July, making it a pleasant place all year round. It’s away from the din and noise of the big city, but if you need a taste of city life, Fayetteville and Wilmington are just a short drive away.
Rent to Own Realtors
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
About Our Listings
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
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