Rent to Own Homes in Altamonte Springs
This city was originally developed along a single road by the Altamonte Land, Hotel and Navigation Company. That road was known as Altamonte Avenue in the 1800s, but it's now known as State Route 436. The population has grown rapidly through the years, and the United States Census reports that there are now more than 40,000 Altamonte Springs residents.The below results are primarily rent to own homes in Seminole County, FL:
This city was originally developed along a single road by the Altamonte Land, Hotel and Navigation Company. That road was known as Altamonte Avenue in the 1800s, but it's now known as State Route 436. The population has grown rapidly through the years, and the United States Census reports that there are now more than 40,000 Altamonte Springs residents.The below results are primarily rent to own homes in Seminole County, FL:
These residents are attracted to the city for its central location, sunny weather and multitude of outdoor recreational facilities. They may also appreciate access to the Altamonte Mall, the Seminole County Public School system and easy access to Everglades University, Seminole State College and Embry–Riddle Aeronautical University. While these schools offer many jobs for the Altamonte Springs community, residents also have access to jobs with some large medical facilities like Adventist Health System and Florida Hospital.
Buying a Home in Altamonte Springs?
You can expect to pay more than $120 per square foot in the most prestigious Altamonte Springs neighborhoods. Median listing and sales prices are around $200,000, so you can find more affordable housing if needed. The median square footage for homes throughout the city is around 2,000 square feet, and there are typically more than 200 homes for sale at any given time. If you're moving to Altamonte Springs with children, some of the best schools include Lake Brantley High School, Teague Middle School and Lake Orienta Elementary School.
Popular Neighborhoods in Altamonte Springs?
One of the most desirable Altamonte Springs neighborhoods is located on the southern edge of the city, mostly falling south of Lake Orienta, west of North Maitland Avenue and east of Oranole Road. This area is just north of Lake Hope and west of Saint Mary Magdalen Catholic School. The median real estate price is around $350,000 in this area, and most of the homes were built prior to year 2000. Expect to find a vacancy rate below five percent and many large homes with four or more bedrooms.
If you have a more conservative housing budget, look in the northwestern corner of the city. This neighborhood mostly falls north of State Route 436 and west of State Route 434 and is just south of Lake Brantley High School. Average real estate prices are typically below $200,000 in this area.
Buying vs. Rent to Own Homes?
Before you purchase a new home, consider investing in rent-to-own homes in Altamonte Springs. These properties give you a less rushed path to homeownership because you start out as a renter. When you're ready to purchase the home, you secure financing and become the official owner. This is a good option if you need more time to improve your credit score or you want to settle into your new neighborhood before buying a home.
Altamonte Springs is a northern suburb of Orlando and offers residents a short drive to the area's big tourist attractions. There are many lakes and parks scattered throughout this area of the state as well, creating the perfect living environment for active residents of all ages. The city is home to three schools for university-level education as well as a quality public school system for younger students. These schools serve as major employers for the city, but there are many jobs available in the healthcare industry as well.
Summary
Altamonte Springs is a northern suburb of Orlando and offers residents a short drive to the area's big tourist attractions. There are many lakes and parks scattered throughout this area of the state as well, creating the perfect living environment for active residents of all ages. The city is home to three schools for university-level education as well as a quality public school system for younger students. These schools serve as major employers for the city, but there are many jobs available in the healthcare industry as well.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
About Our Listings
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
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