Browse Rent To Own Homes in Deerfield Beach, FL
Are you looking for a rent to own house in Deerfield Beach? 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 Deerfield Beach area.
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Featured Rent To Buy Houses in Deerfield Beach, Florida
Browse the following featured properties in the Deerfield Beach, Florida area, or click the link on this page to get access to the complete listings for Deerfield Beach 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.
Deerfield Beach 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 Deerfield Beach, Florida
Located in Broward County, Deerfield Beach, Florida is a suburb of Fort Lauderdale that is also it’s own small city. This has a number of advantages, and makes it an excellent place to live.
Firstly, Deerfield Beach, FL enjoys the proximity to the water and all the advantages of other South Florida city when it comes to beachside opportunities for fun in the fun. Whether you want to enjoy the ample opportunities to go boating, fishing, kayaking, or kitesurfing, or even just enjoy your fair share of days lounging around on the beach and getting tan, there are plenty of options for you to enjoy.
The real advantage, though, comes with the fact that Deerfield Beach is a small city nestled within a larger one, and only a few minutes from Miami. This location means that the area itself is relatively tranquil, but you can easily head into Fort Lauderdale or Miami if you’re looking for any of the amenities of a larger city, whether you want to enjoy the nightlife, a concert, or simply go out to a nice dinner with your spouse or family. It also has access to one of the largest airports in the world, making it easy to go anywhere, at anytime.
Finally, real estate in Deerfield Beach is currently at an excellent value. After recovering from the ups and downs of the last decade, the region is now much more predictable and promises excellent long term appreciation and growth in the value of your house, making it a good investment.
To purchase your home, you could go with any of several different financing options, but the one I want to point out today is seller financing, because it’s most commonly overlooked buy buyers who automatically turn to their bank for a mortgage.
There are a number of benefits to seller financing, which can come in the form of rent to own houses or lease option homes, and you can often negotiate a deal that is a win win for everyone involved.
If that sounds like something that piques your interest, be sure to sign up for a complete rent to own home listings service for Deerfield Beach, FL, which will give you access to the most up to date information for the area, and list all of the houses that are currently offered on the market for seller financing.
Since many of these houses aren’t listed through realtors, the online listings provide a more accurate and more complete database than what your local real estate office may be able to provide.
Sign up today to find the home you’ve been waiting for!