Browse Rent To Own Homes in Coral Springs, FL
Are you looking for a rent to own house in Coral Springs? 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 Coral Springs area.
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Featured Rent To Buy Houses in Coral Springs, Florida
Browse the following featured properties in the Coral Springs, Florida area, or click the link on this page to get access to the complete listings for Coral Springs 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.
Coral Springs 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 Coral Springs, Florida
Pondering a move to Coral Springs, Florida? Whether you’re looking to move a few miles or a few thousand miles, there are a number of different things to consider before buying a home in Coral Springs.
While the area, which is part of Broward County, the home of other great areas including Fort Lauderdale, Miramar, and Hollywood, and only a few miles from Miami, is often known for high-priced mansions that run into the tens of millions, there are also tons of houses, apartments, and condos available for us mere mortals.
Coral Springs has a number of great communities, and at a range of price points. In general, the areas of the city that are closer to the water are significantly more expensive, while if you go just a little ways inward you can find a much better deal on the home. The tradeoff is up to you, but whatever it is you’re looking for, you’ll likely be able to find it easily.
Another point about Coral Springs, FL that many people don’t consider is that you can also search for rent to own properties. This could give you the ability to buy that dream house you’ve always wanted, that is both luxurious and close to the water, or inland and has a pool, for a reasonable price.
Because rent to buy houses are a form of seller-financing, you’ll find that there are a greater variety of options available to you when you purchase a home this way. It allows for creative financing to be able to buy the house, plus you’ll save money on most of the closings when you buy a home directly from the previous owner, rather than work through a real estate agent, who will likely charge you hefty fees as a commission.
If you think it sounds like a good idea but have no idea where to start, let me assure you that the process of finding lease option houses is way easier than you might think. The first place I would go to look for this type of property is online, since there are several companies that provide access to complete listing data for your city.
All you have to do is sign up, and you’ll be able to search from all of the houses in your region, to sort by location, price, style of home, amenities and other features, and just about anything else you can think of.
This makes finding and buying your dream home easier than ever before, and a great opportunity to find an incredible home investment that will continue to pay dividends both in lifestyle and financially for years to come!
Sign up today to get started and find your perfect house!