Browse Rent To Own Homes in Greenville, NC
Are you looking for a rent to own house in Greenville? If so, then browse the featured listings on this page, or signup to access our complete guide and listings for all lease to own properties in the Greenville area.
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Featured Rent To Buy Houses in Greenville, North Carolina
Browse the following featured properties in the Greenville, North Carolina area, or click the link on this page to get access to the complete listings for Greenville rent to own houses.
How Rent To Own Real Estate Works
Also known as a lease option, rent to buy homes are a type of owner financing tor real estate properties.
While the terms of the agreements can vary from house to house, the typical scenario is one in which the owner is looking to sell the property but is willing to accept payment over a period of time, rather than an up front settlement.
In this case, the buyer and seller both agree on the selling price of the home, and the terms of the purchase agreement, specifying things such as payment terms, interest, and length of the agreement.
Usually, owner-financed properties are paid off much sooner than a traditional bank mortgage, but by allowing the renter time to accrue equity in the house, the renter can often roll over that equity into a traditional mortgage after 1-3 years, if the need arises.
Every month the renter/buyer makes a payment to the seller. Typically, part of this payment is credited as rent, while a second part is credited towards the interest on the loan and/or equity in the home. Over time, the renter can then buy out the seller, even if the renter didn’t originally have a large downpayment or the credit needed to qualify for a traditional mortgage.
Greenville Lease Purchase Homes and Houses
While there are many advantages to lease option, or lease to purchase homes, one of the main difficulties can be in locating the currently available properties.
Many rent to own listings are never uploaded to national or local databases, since it is common for sellers to work independently and not go through a real estate agent for these transactions. It is also common for sellers of owner financed, rent to buy properties to sell their homes casually, meaning that they are interested in selling, but are in no hurry to do so, meaning the listings are not widely publicized.
To find the full list of rent to buy properties in your area, you need to sign up for a dedicated listing service, which works to identify all of the relevant opportunities within your target geographical area.
Without a reputable listing agency, finding these properties can be extremely difficult!
Sign up below to get access to one of the most comprehensive rent to own listing services in the country.
Listings for Rent To Buy Properties in Greenville, North Carolina
One of the hottest and most popular ways to acquire a new home these days is to use a rent to own deal. Fortunately, these deals are becoming easier to find, so it’s likely that you’ll be able to find a deal in the location you are looking for. However, there’s no denying that there is a wide range of rent to own home deals available in Greenville, NC.
In this guide, were going to take a close look at some of the wonderful properties available in this area, and we will also explore some of the finer details of a rent to own agreement ñ so you’ll understand why they are such great choice at the moment. Bearing this in mind, let’s explore further.
First of all, there’s currently several fantastic rent to own deals available in Greenville ñ so regardless of whether you’re looking for a smaller two-bedroom home, or perhaps a larger four or five bedroom property ñ then you’ll certainly be able to find something that meets your needs here.
Additionally, it’s worth noting that Greenville is one of the top locations to live in the entire NC area, so there’s always a great demand for properties in the area. Of course, this means you are making an excellent long-term investment if you decide to purchase a home here, and taking advantage of one of the many rent own deals means you will have an excellent long-term financial investment in exchange are paying your rent rather than losing your money in a black hole, never to be reclaimed again.
Obviously, this is one of the key reasons why renting to own is such a fantastic decision ñ and there’s nothing quite as rewarding as being the proud owner of a home, especially if you are looking to have a better investment than being a long-term renter alone.
Interestingly, many of the rent to own deals are surprisingly affordable in the Greenville area, so you may be able to spend less money than you thought. However, itís always a good idea to take advantage of professional advice whenever you are seeking a rent to own deal because you do not want to get stuck with a house you no longer desire to own.
For this reason, many contracts will stipulate an exit clause, and it’s always a good idea to thoroughly inspect the property before you decide to sign on the dotted line and commit to your long-term ownership of the home.