Browse Rent To Own Homes in Port Orange, FL
Are you looking for a rent to own house in Port Orange? 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 Port Orange area.
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Featured Rent To Buy Houses in Port Orange, Florida
Browse the following featured properties in the Port Orange, Florida area, or click the link on this page to get access to the complete listings for Port Orange 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.
Port Orange 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 Port Orange, Florida
Just South of Daytona Beach sits the spectacular beachside community of Port Orange, Florida.
This small city only has about 60,000 year-round residents, which gives it a nice and relaxed feel compared to some of the other communities in the area. It’s also immune to much of the commotion surrounding the Daytona Beach events every year, making it a quiet and beautiful place to call home.
Another great advantage of Port Orange is it’s proximity to Orlando. This means that you can access the city conveniently when you need to, but not have to worry about all of the usual traffic and other hassles it contains.
That’s especially convenient whether you want to have a nearby transportation hub with international flight options, a business center to support the regional economy, or simply a place to go for a night out on the town. From fine meals and world class chefs to renowned concert venues to sports franchises, this region of Florida literally has just about anything you could ask for.
If you’re thinking about purchasing a home in Port Orange, then you’re probably going to want to check out some of the rent to buy house listings that are available for the region.
Regardless of whether you have the money for a sizable down payment, or the credit score required for a bank loan, rent to buy homes can allow you to find a great investment opportunity, without needing to tie up a lot of your cash.
To learn more about the lease option houses available in Port Orange, click the link on this page and sign up to get access to one of the nation’s top listings for rent to own houses.
You’ll be able to browse the properties that meet your specific criteria, and are just a click away from getting into the perfect home!