Browse Rent To Own Homes in Fort Myers, FL
Are you looking for a rent to own house in Fort Myers? 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 Fort Myers area.
Click the link below to access the listings!
Featured Rent To Buy Houses in Fort Myers, Florida
Browse the following featured properties in the Fort Myers, Florida area, or click the link on this page to get access to the complete listings for Fort Myers 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.
Fort Myers 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 Fort Myers, Florida
If you’ve ever thought about moving to sunny Fort Myers, Florida then now is the perfect time to do so. Fort Myers is a wonderful small city that has all of the attractions that Florida is famous for, from sunny skies to crystal clear water, you can enjoy a wide range of activities year round.
Probably the only downside to moving into the Ft Myers, FL area is that, like much of Florida, real estate prices can be much higher than other areas of the country. The solution to this problem may be closer than you think, however, since there are usually plenty of options to find alternative financing for your property.
Getting a rent to own contract in Ft Myers is just one of the many ways you can finance a house, but in our opinion it is an excellent solution for anyone who is looking to purchase a home but can’t afford a traditional mortgage from a bank.
Regardless of that’s because you’re trying to buy a larger or more luxurious apartment, condo, or house than you could otherwise, or if it’s because you have poor credit or an unstable job history, finding individual owners who are willing to finance your real estate purchase can be a major tool that will help you get into your dream home more quickly.
To find these listings, you can’t simply walk into the local real estate office. You need to find a comprehensive list of properties available on the rent to buy market. Fortunately, there are several great online services that do exactly that, and it’s easy to find a company that specialized in Florida cities, or a national firm that maintains a wide range of up to date listings nationwide.
To get started, click the link above and enter your email and zip code to start browsing for your dream house. A few easy clicks today could put you closer to your dream of owning a home than ever before!
Happy house hunting and best of luck finding that perfect Ft Myers property!