Browse Rent To Own Homes in Fort Pierce, FL
Are you looking for a rent to own house in Fort Pierce? 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 Pierce area.
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Featured Rent To Buy Houses in Fort Pierce, Florida
Browse the following featured properties in the Fort Pierce, Florida area, or click the link on this page to get access to the complete listings for Fort Pierce 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 Pierce 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 Pierce, Florida
Fort Pierce is a city in and the county seat of St. Lucie County, Florida with a population in 2014 of 43,601 (99% urban, 1% rural) and approximately an area of 29 square miles.
Fort Pierce, often called the Sunrise City, has been the hub of St. Lucie County, Florida for over 100 years. Situated on the “Treasure Coast,” named after the famed sinking of a Spanish treasure fleet in 1715.
Fort Pierce is one of the oldest communities on the east coast of Florida.
Fort Pierce was awarded the 2005 City of Excellence Award by the Florida League of Cities for overall excellence in city government and in 2011 and Main Street Fort Pierce, Inc. received the Great American Main Street Award from the National Trust for Historic Preservation in downtown.
Also, was chosen as the No. 1 Best Small Town Main Street in America.
Among the principal occupations of residents are those related to construction, and on the other hand, those related to Food preparation and serving. Sales and related occupations ranks third.
Public high schools in the city include Fort Pierce Central High School, Fort Pierce Westwood High School and Lincoln Park Academy. Private schools include John Carroll Catholic High School and Faith Baptist School .
There are a lot of places of tourist interest, as well as places of recreation for the residents , as they are:
E. Backus Museum & Gallery, Fort Pierce Branch Library, Fort Pierce City Marina , Heathcote Botanical Garden, Indian Hills Golf Course, Smithsonian Marine Station that is a research center specializing in marine biodiversity and ecosystems of Florida.St. Lucie County Aquarium, St. Lucie County Regional History Center and Sunrise Theatre
Also The historic waterfront downtown affords residents contemporary shopping, dining, great fishing and a range of entertainment and activities from the Farmers Market, Bike Night, Friday Fest, Jazz Market and the city owned and operated historic, 1,200 seat Sunrise Theatre for the Performing Arts.
Zip codes: 34945, 34946, 34947, 34949, 34950, 34981, 34982.
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