Browse Rent To Own Homes in Pinellas Park, FL
Are you looking for a rent to own house in Pinellas 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 Pinellas Park area.
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Featured Rent To Buy Houses in Pinellas Park, Florida
Browse the following featured properties in the Pinellas Park, Florida area, or click the link on this page to get access to the complete listings for Pinellas 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.
Pinellas 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 Pinellas Park, Florida
With its 50,946 habitants, and its 16.2 square miles, the hundred year old city has grown into the fourth largest city in Pinellas County.
The racial makeup of the city was 89.04% White, 2.09% African American, 0.39% Native American, 1.25% Asian, 0.02% Pacific Islander, 2.00% from other races, and 2.22% from two or more races. Hispanic or Latino of any race were 8.26% of the population.
Office and administrative support are the main occupations in the city, In the second place are the occupations related to sales, then there are the occupations of production of consumables, installation, maintenance, and repair occupations,building and grounds cleaning and maintenance occupations and transportation occupations.
As far as education is concerned, the city has several schools like Pinellas Secondary School, Ese Countywide, Nina Harris Center, Richard l. Sanders, Pace Center for girls.
On the other hand, the most popular neighborhoods in the area, are Bonnie Bay neighborhood, Bonnie Glynn neighborhood, Country Haven neighborhood, Cross Bayou (Cross Bayou Estates) neighborhood, Golden Gate Mobile Home Park neighborhood and Villas of Bonnie Bay neighborhood.
Among the most interesting places to visit and notable locations are
Park Village Shopping Center, Broderick Recreation Center, Forbes Recreation Center, Stanley B and Doris Broderick Park, Davis Field, Freedom Lake Park, Granada Circle Park, Helen Howarth Community Park, McDevitt Park, Pinebrook Park and Bonsai KOI Ponds, the best place to buy koi in Pinellas County.
Zip Codes: 33780 33781 33782
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