Browse Rent To Own Homes in Plantation, FL
Are you looking for a rent to own house in Plantation? 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 Plantation area.
Click the link below to access the listings!
Featured Rent To Buy Houses in Plantation, Florida
Browse the following featured properties in the Plantation, Florida area, or click the link on this page to get access to the complete listings for Plantation 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.
Plantation 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 Plantation, Florida
Plantation, Florida is an often overlooked part of Broward County that is home to a number of wonderful homes and apartments, and can be a really great place to live.
It has the benefit of being close to both Fort Lauderdale and Miami, which means that there is always a thriving job market available regardless of your industry or profession, and it is also very close to the beach, allowing you the ability to maintain an excellent work life balance, whether you want to relax in the sun or follow a work hard play hard model and take a more active approach to your leisure time.
Fort Lauderdale, the closes large city, is home to a lot of high quality restaurants, bars, and other nightlife, including many entertainment options, from concerts to shows. You’re also only a short ride away from Miami, which boasts even more options, and the region is home to a number of large sports franchises, if you want to check out a game.
Purchasing a house in Plantation, FL has also never been easier. With the real estate market now on sure footing, there’s a lot of interest in homeowners and investors who are looking to invest in the future of the region. You can expect your property to appreciate gradually over time, since the home prices are no longer inflated like they once were.
There are also a number of options available when it comes down to actually acquiring the home, and many investors choose to look at the rent to own houses that are available in the Plantation, FL area.
Rent to buy real estate can be a great option for a wide variety of people, whether you’re looking to purchase a property with no money down or are looking to avoid banks and other traditional lenders because of a poor credit score.
With lease option homes, you can find a deal that fits whatever specific characteristics you’re looking for, putting you in much more control over the deal, and less subject to the current lending environment.
To find these homes, all you have to do is register for an online service that provides complete databases of rent to own home listings in Plantation, and you’ll be able to browse and search quickly for the right home that meets all of your criteria.
Get started today to find the home of your dreams!