Browse Rent To Own Homes in Titusville, FL
Are you looking for a rent to own house in Titusville? 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 Titusville area.
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Featured Rent To Buy Houses in Titusville, Florida
Browse the following featured properties in the Titusville, Florida area, or click the link on this page to get access to the complete listings for Titusville 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.
Titusville 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 Titusville, Florida
Titusville is a city in Brevard County, Florida with a total area of 34.2 square miles
It has a population of 44,557 according to the Census realized in the year 2014. Its residents have, as main productive activities, occupations related to sales, construction, management, maintenance, repairs and installations, among others.
Many of Titusville’s major employers are aerospace companies. Knight’s Armament Company in Titusville is believed to be the state’s largest manufacturer of small arms. The Parrish Medical Center, located in Titusville, also is one of the city’s largest job suppliers.
As far as education is concerned, children and youth from Titusville can go to school without having to travel long distances. The Public high schools in Titusville Titusville High School, Astronaut High School Frances Walker Halfway House, Fieldston Preparatory School.
The Public elementary and middle schools in Titusville are James Madison Middle School, Coquina Elementary School, Apollo Elementary School, Sculptor Charter School,Imperial Estates Elementary School,Oak Park Elementary School, Andrew Jackson Middle School.
Some of the area attractions are The Cape Canaveral Seashore, Kennedy Space Center is where rockets launch and inspiration begins at Florida’s gateway to space. The Enchanted Forest Sanctuary, Merrit Island Naional Wildlife Refuge, Port Canaveral, Pritchard House, Valiant Air Command Warbird Museum, Titusville Playhouse that provides enriching theatrical, artistic and social experiences to artists and audiences, and finally, the Space Walk of Fame.
Zip codes: 32780.
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