Browse Rent To Own Homes in Wellington, FL
Are you looking for a rent to own house in Wellington? 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 Wellington area.
Click the link below to access the listings!
Featured Rent To Buy Houses in Wellington, Florida
Browse the following featured properties in the Wellington, Florida area, or click the link on this page to get access to the complete listings for Wellington 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.
Wellington 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 Wellington, Florida
Wellington, Florida is a wonderful place to shop for a house, apartment, or condominium.
The area boasts a number of great communities, and comes with all of the usual benefits of being in a nice warm climate. One nice aspect about Wellington is that is isn’t as well known as many other small Florida cities, making it an affordable and low key option for anyone looking to move someplace that’s out of the spotlight, so to speak.
Just because it isn’t well known doesn’t mean it doesn’t have it’s attractions, however, and I think that spending even just a few days in Wellington you’ll be able to see for yourself just how cozy the area is, and will quickly begin to feel at home.
In terms of the logistics of purchasing your property, Wellington does have a number of great rent to buy homes available that many prospective homebuyers overlook.
That’s because these homes are often not listed with the standard listings agencies used by local realtors. Instead, your best option is to sign up for an online database that focuses exclusively on rent to own properties that are available in the area.
While these services can sometimes be accompanied by a small fee, I think you’ll find that the fees are generally low (often only a few dollars per month) and the wealth of information and listings available through them make them well worth your investment.
Finding rent to buy real estate options has never been easier, so I encourage you to sign up today by entering your email via the link above, and see for yourself just how many attractive home investment opportunities there are in Wellington!
Click the link above to get started, and find your dream home today!