Browse Rent To Own Homes in Ocoee, FL
Are you looking for a rent to own house in Ocoee? 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 Ocoee area.
Click the link below to access the listings!
Featured Rent To Buy Houses in Ocoee, Florida
Browse the following featured properties in the Ocoee, Florida area, or click the link on this page to get access to the complete listings for Ocoee 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.
Ocoee 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 Ocoee, Florida
Ocoee is a city in Orange County, Florida, United States. the city has a total area of 15.7 square miles and a total population of 35,579.
Ocoee, Florida is 10 miles W of Orlando, Florida (center to center) and 70 miles NE of Tampa, Florida. It is in Orange county. The city is part of the Orlando metro area.
The racial makeup of the city was 81.47% White, 6.59% African American, 0.35% Native American, 2.93% Asian, 0.06% Pacific Islander, 6.22% from other races, and 2.38% from two or more races. Hispanic or Latino of any race were 15.20% of the population.
It is a community whose advantages are e entertainment, outdoor recreation and strong job growth.
The main productive occupations of the residents are Management occupations, Sales and related occupations, construction and extraction occupations and office and administrative support occupations.
About education, the public high school in Ocoee is The Big Cypress Wilderness Institute. Some of the most popular and well rated educational institutions in the area are Thornebrooke Elementary School, Westbrooke Elementary School, Legacy High Charter School and Hope Charter School
Ocoee is a very lively place; a variety of events and festivals are regularly organized in the city. There is the Founder’s Day Festival which is held every fall. The city organizes a host of activities aimed at the young as well as the old. Golfing enthusiasts can expect to spend a great time at the public golf course. The lake is the center of many activities like fishing, water skiing, boating and tubing, among many others.
Zip Code: 34761
Other Cities of Florida: