Browse Rent To Own Homes in Palm Coast, FL
Are you looking for a rent to own house in Palm Coast? 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 Coast area.
Click the link below to access the listings!
Featured Rent To Buy Houses in Palm Coast, Florida
Browse the following featured properties in the Palm Coast, Florida area, or click the link on this page to get access to the complete listings for Palm Coast 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 Coast 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 Coast, Florida
Want to enjoy all of the benefits of living on the Florida coast with none of the hassle? If so then Palm Coast may be the perfect city for you.
A small city by Florida standards, clocking in at around 75,000 people, Palm Coast is the perfect North Florida location that also happens to be set along a pristine stretch of coastline. Just an hour outside of Jacksonville, you’re close enough to a big city to have access to the benefits of living in an urban area, while enjoying a relaxed, more tranquil way of life.
Palm Coast is also just a few miles from the more famous stretch of Daytona Beach, giving it a good cultural mix while keeping it far from the throngs of tourists that flock to the region…especially during race time!
It’s a cozy spot, and could easily be called home. If you’re considering moving to Palm Coast, Florida, then you’ll have a lot to work with! One of your first major decisions will be about the type of house and exact location you desire, whether you’d like to find something with a view out over the ocean or if you prefer to be a few miles inland.
Either way, you’ll have plenty of time to head down to the beach to soak up the sun and work on that tan!
One of the other decisions you’ll need to make is how to finance your home. There’s an increasing trend in people who are looking for houses that can be purchased with alternative financing, often on terms negotiated with the seller, rather than a bank or other financial institution.
In Palm Coast, there are plenty of these rent to own houses available, or lease purchase homes if you choose to go that route. The only problem is finding these homes, which can be a great deal if you negotiate well!
To make the most of your housing search, you’re going to want to get access to rent to own home listings for Palm Coast. Fortunately, finding these properties has never been easier, and all you have to do is to sign up for an online service that will give you access to the information you need for the specific locations you’re looking for!
You can use the link above to get stared, and you’ll be well on your way to settling in to your new home in no time! Happy house hunting and here’s to your new dream home!