Browse Rent To Own Homes in Oakland Park, FL
Are you looking for a rent to own house in Oakland Park? 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 Oakland Park area.
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Featured Rent To Buy Houses in Oakland Park, Florida
Browse the following featured properties in the Oakland Park, Florida area, or click the link on this page to get access to the complete listings for Oakland Park 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.
Oakland Park 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 Oakland Park, Florida
Oakland Park, officially the City of Oakland Park, is a city in Broward County, Florida with a total area of 8.1 square miles
Residents enjoy the healthy benefits of a walkable community and experience acres of green space, trails and lakes. A simple walk through the neighborhood can lead to new friends and spontaneous activity. After all, that’s how small towns of the past developed a sense of belonging for citizens, fostering deep roots and strong ties. That is the vision for Oakland Park.
Oakland Park was designed to encourage residents to interact with nature and neighbors. In fact, the community provides abundant open space, including trails, parks, recreational areas, a community garden.
About education, The Public High Schools In Oakland Park Are Northeast High School And Suned High School.
The Elementary And Middle Schools In Oakland Park Are Lloyd Estates Elementary School, North Andrews Gardens Elementary School, James S. Rickards Middle School And Oakland Park Elementary School.
Some of the neighborhoods and communities that are officially recognized by the City of Oakland Park are Andrews Gardens, Central Business District, Central Colars, Central Oak Park, Coral Brook, East Lakeside, Gardens Acres, Harlem McBride, Lake Esmerald, Lloyd Estates, North Andrews Gardens, North Corals, North Ridge, Oakland Forest, Oakland Grove, Oakland Hills, Oaktree Estates, Orange Grove Manors, Prospect Gardens, Rivers Edge, Royal Palm Acres, and Royal Palm Isles to name a few
The Shopping Centers in the area, ideal to spend an entire afternoon to buy or go to find something specific, or to eat there and take a family stroll, are Oakland Park Shopping Center, Lakes Mall, and Boulevard Shopping Center
ZIP code, 33304-33309, 33311, 33334.
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