Browse Rent To Own Homes in Ocala, FL
Are you looking for a rent to own house in Ocala? 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 Ocala area.
Click the link below to access the listings!
Featured Rent To Buy Houses in Ocala, Florida
Browse the following featured properties in the Ocala, Florida area, or click the link on this page to get access to the complete listings for Ocala 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.
Ocala 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 Ocala, Florida
When thinking about where to move in Florida, most people immediately think about the coastal regions. After all, with two long stretches of coastline surrounding the Floridian peninsula, how could you not?
But, there are also a lot of advantages that come with choosing a location set a little ways inland, and Ocala, FL is just such a place. House prices, for one, tend to be significantly lower than either the Atlantic or the Gulf cities. With a large percentage of the Florida population clustered in the greater Miami area and stretching up along the atlantic to Orlando, and along the gulf to Tampa and St Petersburg, there are lots of opportunities for individuals who aren’t looking to buy in the prime sections of the state.
This translates into much more affordable prices, and you’re going to be able to get more home and land for your dollar in a smaller, inland city like Ocala. Not only that, but your investment is also better protected, because the market is less subject to speculation based largely around people buying second homes and vacation properties. This makes the house prices remain constant, with gradual appreciation over time, the characteristics you want to look for when considering any large investment.
Finally, Ocala is a great region because there are a lot of rent to buy houses and lease option properties that routinely come available on the market. These properties tend to make great investments, since the seller is usually willing to negotiate on the terms of the deal, and its easy to create a deal structure that makes sound financial sense for everyone involved.
The trick is in finding these great opportunities, but fortunately there are several reputable listing services available online that can help you find the property that’s right for you.
Click the link above to enter your email and get started searching for your dream Ocala home today!