Browse Rent To Own Homes in Bradenton, FL
Are you looking for a rent to own house in Bradenton? 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 Bradenton area.
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Featured Rent To Buy Houses in Bradenton, Florida
Browse the following featured properties in the Bradenton, Florida area, or click the link on this page to get access to the complete listings for Bradenton 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.
Bradenton 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 Bradenton, Florida
Bradenton is located between Tampa and Sarasota Specifically in the Manatee County, Florida. Bradenton counts with a total area of 14.44 square miles, of which 12.11 square miles is land and 2.33 square miles is water.
The Population is about 52,769, 100% urban. The racial makeup of the city was 78.14% White, 15.11% African American, 0.79% Asian, 0.29% Native American, 0.05% Pacific Islander. Hispanic or Latino of any race were 11.26% of the population.
Residents have as main productive activities Office and administrative support occupations, construction and extraction occupations, production occupations, sales, food preparation and serving, among other. The biggest employers are Tropicana Products and Camp Sports.
Education, in short, is one of the most important issues to consider when choosing a new place of residence. Bradenton has schools with a good educational level.
Among its largest public high schools are Lakewood Ranch High School, Southeast High School, Braden River High School, Horizons Academy, Bayshore High School, Juvenile Detention Center, Manatee Technical Institute,Manatee High School, Pace Center For Girls
The biggest public elementary and middle schools in Bradenton are Blanche H. Daughtrey Elementary, Carlos E. Haile Middle School, Samoset Elementary School, Sea Breeze Elementary School, Jessie P. Miller Elementary School, Braden River Middle School, Louise R. Johnson Middle School, Gene Witt Elementary School, Braden River Elementary School And B.D. Gullett Elementary School.
Some of the attractions in the area, both for locals and tourists are Mixon Fruit Farms which has been growing and shipping Florida’s finest Oranges and Grapefruit since 1939; Nick Bollettieri Tennis Academy; South Florida Museum, Bishop Planetarium, Parker Manatee Aquarium, De Soto National Memorial, Manatee Village Historical Park, McKechnie Field, Anna Maria Island Historical Society Inc, Bradenton Arcade, Action Kawasaki Yamaha and, Fun-N-Games and Village of art a place where residents, in addition to living in their picturesque houses, also use them as a place of work, the houses function as studios, galleries, restaurants and other small businesses.
Zip codes: 34205, 34208, 34209.