Browse Rent To Own Homes in North Point, FL
Are you looking for a rent to own house in North Point? 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 North Point area.
Click the link below to access the listings!
Featured Rent To Buy Houses in North Point, Florida
Browse the following featured properties in the North Point, Florida area, or click the link on this page to get access to the complete listings for North Point 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.
North Point 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 North Point, Florida
If you’ve been thinking about moving to Florida’s Gulf Coast, and have been looking for something near the Cape Coral and Fort Myers region, but haven’t quite found the right spot yet, then you may be interested in checking out the real estate options available in North Point, FL.
North Point is a wonderful little city along the Western coast of Florida, just slightly north of Cape Coral and not far South of Sarasota, with St Petersburg and Tampa a little farther up the coast to the North.
North Point is known for its small-town, relaxed way of life, and easy access to the great boating and fishing opportunities nearby. Since it sits at the top of a small bay, it’s a great place to moor your boat in protected waters, while easily get out into the Gulf, whether you’re going for work or leisure.
It also attracts a fair amount of seasonal tourism, but without the crowds of the more popular Gulf cities like Sarasota, giving a nice boost to the local economy, without the hassles generally associated with it.
Another great aspect of North Point is that it’s fairly easy to find good rent to own real estate investments, whether you’re looking to purchase a second home with no money down or need a place to live full time.
To find the home that’s right for you, I encourage you to check out one of the listing services that specializes in rent to buy properties. You can find several good choices available online, and if you sign up with your email via the link on this page, you can get access to one of the most comprehensive lease option real estate databases available!
Click the link above to get started, and start searching for your dream house today!