Browse Rent To Own Homes in Miramar, FL
Are you looking for a rent to own house in Miramar? 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 Miramar area.
Click the link below to access the listings!
Featured Rent To Buy Houses in Miramar, Florida
Browse the following featured properties in the Miramar, Florida area, or click the link on this page to get access to the complete listings for Miramar 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.
Miramar 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 Miramar, Florida
If you’ve been considering buying a home in the great Fort Lauderdale region, then you might want to consider Miramar, Florida as one of your top options.
Miramar is a wonderful community located in Broward County, just outside of Fort Lauderdale. It has a nice balance between luxurious homes, apartments, and condos, without the same price points as many other areas in the region. Miramar is often considered one of the best small cities in the country for those who want to live near the beach and enjoy excellent weather all year long.
Since Miramar is located just outside of Ft Lauderdale, there are plenty of options for both business and leisure activities, with plenty of fine dining and entertainment options around. During the day you can relax on the beach, head out on the boat to go fishing, or stroll along the lovely promenade, and then enjoy world-class meals in the evening.
It’s also just a short drive down to Miami, which boasts a number of leading sports teams, as well as many more entertainment options. The result is a city that is both bustling with activity and tranquil enough to relax and call home.
If you’re going to purchase a piece of real estate in Mirarama, you might want to think about finding a rent to buy property instead of a traditional, bank-finance home. This option will give you more flexibility in the terms you can negotiate, and can often allow people to purchase a nicer home than they would otherwise qualify for with a standard bank loan.
To get access to these properties, all you have to do is register for a rent to own home listings service, which you can easily find online.
These companies maintain lists of homes for sale that are constantly updated as new homes come on the market and others are purchased, allowing you to zero in on the features of the house you’re actually looking for, without wasting your time sorting through the old, out of date listings that you usually find online.
Since many home buying agents don’t maintain detailed, accurate listings for these types of properties, having a service to handle that for your will give you a leg up in the purchasing process, allowing you to focus on the things that really matter to you: finding your perfect home!
Sign up today to get started. Your dream house could be waiting for you!