Browse Rent To Own Homes in Lakeland, FL
Are you looking for a rent to own house in Lakeland? 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 Lakeland area.
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Featured Rent To Buy Houses in Lakeland, Florida
Browse the following featured properties in the Lakeland, Florida area, or click the link on this page to get access to the complete listings for Lakeland 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.
Lakeland 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 Lakeland, Florida
Thinking about buying a home in Lakeland, Florida? If so, then you’ve picked a wonderful place to live!
Lakeland, FL is conveniently located about halfway between Tampa and Orlando, two of Florida’s largest cities. This means that you’re close enough to enjoy all of the benefits of these great metropolitan areas, while maintaining a great sense of peace and tranquility that comes from living in a small city of only 100,000 people.
Since Lakeland is set a little ways inland from the Gulf of Mexico and Florida’s West Coast, it also means that property values here tend to be more affordable than in many other parts of the state, allowing you to take full advantage of the opportunity to buy a nicer home than you would be able to get in Tampa or St Petersburg, FL, to give one example.
Even though it’s a few miles inland, you’re still close enough to be able to head over to the beach for a day or a long weekend, and take advantage of one of Florida’s many natural wildlife refuges or other nature areas, or even just sit on the beach to relax and enjoy some fun in the sun.
If you are considering purchasing a house in Lakeland, then you’ll be happy to know that there are plenty of different options available to you. One of the increasingly common choices is to find a rent to own house that you love, which will also provide a great investment opportunity.
Thanks to the fact that Florida’s real estate market has largely recovered in the last few years, but hasn’t yet become overpriced, you’ll be able to find a number of great homes that are reasonably priced for any budget, regardless of whether your dream home is a house, apartment, condo, or any other type of home.
By combining this flexibility with a rent to buy lease option, yo[u might find that purchasing a house is easier than you think, and you may even be able to afford a nicer home than you previously thought possible!
The trick is all about making sure you have access to the latest, most up to date listings to start your search. You can find plenty of rent to own home listings in Lakeland by signing up for an online service, via the link on this page.
Start today and find your perfect home now!