Browse Rent To Own Homes in Palm Beach Gardens, FL
Are you looking for a rent to own house in Palm Beach Gardens? 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 Palm Beach Gardens area.
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Featured Rent To Buy Houses in Palm Beach Gardens, Florida
Browse the following featured properties in the Palm Beach Gardens, Florida area, or click the link on this page to get access to the complete listings for Palm Beach Gardens 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.
Palm Beach Gardens 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 Palm Beach Gardens, Florida
Palm Beach Gardens is a city in Palm Beach County in the U.S. state of Florida with a total area of 55.3 square miles.
The population is about 51,919. Palm Beach Gardens was comprised of 89.3% white, 4.4% were African American, 0.16% were Amerindian, 3.11% Asian, 0.04% Pacific Islander, 1.37% were from other races and 1.62% were from Two or more races. Of the total population, 8.9% were Hispanic or Latino.
Among the most popular productive activities in the area are Management occupations, sales and related occupations and business and financial operations occupations.
The main employers are G4S a global security company, The School District of Palm Beach County, Brookdale Senior Living and Tenet Healthcare, beyond others.
Plam Beach is fortunate to have a quality educational system, as well as an important number of schools that serve a large number of children and young people. In such a way that The School District of Palm Beach County is the eleventh largest in the nation and the fifth largest in the state of Florida with 185 schools, serving more than 183,000 students who speak 150 languages and dialects.
Some of the schools of Palm Beach Gardens are Palm Beach Gardens High School, Watson B. Duncan Middle School, Allamanda Elementary School, Timber Trace Elementary School, Howell L. Watkins Middle School, Palm Beach Gardens Elementary School, Bright Futures Academy And Marsh Pointe Elementary.
Among the most visited places in Palm Beach Gardens are the Frenchman´s Forest Natural Area, The Lake Catherine Park, The Gardens Mall, The Downtown Carousel where the children will spend a nice and quiet moment. Playmobil FunPark such a nice and accessible activity where kids can spend hours and hours of fun, and Palm Beach Gardens GreenMarket An organic option for shopping.
Also, Palm Beach Gardens is known for its unparalleled golfing experiences, as it’s the home of the Professional Golfer’s Association (PGA).
Zip codes: 33410, 33418