Browse Rent To Own Homes in Largo, FL
Are you looking for a rent to own house in Largo? 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 Largo area.
Click the link below to access the listings!
Featured Rent To Buy Houses in Largo, Florida
Browse the following featured properties in the Largo, Florida area, or click the link on this page to get access to the complete listings for Largo 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.
Largo 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 Largo, Florida
Think Tampa is the place to be? If so, you should look into Largo, Florida. No, we’re not talking about Key Largo here (though that’s obviously a nice area as well), but the city of Largo, FL, which is a suburb of the greater Tampa Bay area.
Largo is located just across the bay from Tampa, along the Gulf of Mexico. It’s just a few miles south of Clearwater and north of St Petersburg, and not too far from Sarasota either. That makes it the perfect location for many Floridians.
Largo is a great area for a number reasons. Prime among them is that unlike many other Gulf towns along the West Florida coast, it isn’t famous for its tourism. That means you get to have actual neighbors year-round rather than a slew of vacation renters who come through for a week at a time.
Another great aspect of this city is just how close it is to Tampa. Since it’s part of the broader Tampa metropolitan area, you get access to all the benefits of living in one of Florida’s largest cities: a good job and housing market, great dining and entertainment options, and a transportation hub that lets you travel easily.
Even though you’re kind of part of Tampa, you’re also kind of not. That means that you get to enjoy the benefits of living in a small city, like lower crime, a more relaxed way of life, and more affordable cost of living compared with the heart of the city.
All of those combine to make Largo a great place to live.
If you are thinking about buying a house in Largo, one opportunity you don’t want to miss it to explore the idea of finding a rent to own home. These properties, which are also known as lease option real estate listings, are a great way to buy a house without needing to have a lot of cash on hand.
You’ll save on closing costs and commissions, since you don’t have to deal with a realtor, and can skip the line at the bank and negotiate payment terms straight with the current owner of the property.
Done correctly, it can be a win win for everyone involved. If that sounds like something that’s up your alley, then all you have to do is sign up for an online listing service that will show you all of the rent to buy houses in Largo, FL that are currently available for you to consider.
Click the link on this page to get started, and you could be moving into your dream home sooner than you might think!