Browse Rent To Own Homes in Gainesville, FL
Are you looking for a rent to own house in Gainesville? 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 Gainesville area.
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Featured Rent To Buy Houses in Gainesville, Florida
Browse the following featured properties in the Gainesville, Florida area, or click the link on this page to get access to the complete listings for Gainesville 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.
Gainesville 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 Gainesville, Florida
Conveniently located in North-Central Florida, in the triangle between Orlando, Jacksonville, and Tallahassee, Gainesville, FL is the perfect place to buy your next home.
The benefits of living in Gainesville include the near-perfect weather every month of the year, easy access to both the Atlantic Ocean and the Gulf of Mexico, and the clear sunny skies common throughout Florida without the throngs of tourists flocking to your doorstep.
A relatively small city, Gainesville is home to only about 125,000 people, making it perfect for a relaxed, easy pace of life while still remaining large enough to give you access to everything you need. If you ever needed to expand your reach, the larger cities of Jacksonville, Orlando, and Tallahassee are just at your doorstep, and Tampa isn’t too far away either.
The result is an absolutely wonderful place to live.
Gainesville, Florida has another clear advantage: property prices. Since it isn’t on the water, Gainesville is less popular and therefor less expensive than many other Florida cities. If you’re willing to swap the ocean or Gulf for a backyard swimming pool, then that could be the right fit for you.
Since property prices are lower, you can afford a larger and more luxurious home, rather than being stuck in a Miami condo.
To make this new home purchase, you can look at a number of different routes for financing the property. In my opinion, one of the most overlooked choices is to find a property offered for sale on a rent to own basis.
These houses often allow you to negotiate a stellar deal with the seller, who is willing to finance part or all of the home purchase price in order to sell the house more quickly. It’s common that the seller is looking to get rid of the property quickly, meaning you can get an incredible investment opportunity at a rock bottom price.
If you are going to search for a rent to buy house, then you should definitely sign up for a comprehensive rent to own listings service, which will save you a ton of hassle and headache as you sort through properties that quickly come on and off the market.
Create a good deal for both you and the seller, and you could find yourself moving into your new home in no time at all!
Sign up today to get started and search for your dream home!