Rent to Own Homes in Clermont
The below results are primarily rent to own homes in Lake County, FL:
The city of Clermont is located in Lake County, Florida, just 22 miles from Orlando. With over 30,201 residents, the city is part of the Orlando-Kissimmee area and is a residential community with a strong tourism economy. It features around 236 sunny days a year, with a hot summer and a mild, warm winter. Vacationers flock to the area around the year from across the United States to enjoy the Florida weather.
Clermont was founded in 1884, named for the birthplace in France of the manager of what would become the Clermont Improvement Company. One of the city’s major landmarks is the Florida Citrus Tower, constructed in 1956 to celebrate the citrus industry and Florida agriculture. The historic downtown of Clermont maintains a mid-century feel, alongside 207% growth in the first decade of the 21st century.
An array of shops, restaurants and activities are available in the city, including Clermont Landings, featuring a cinema and over 20 new shops and restaurants. Clermont also features outdoor recreation, with Waterfront Park along Lake Minneola. The park features fishing, swimming, picnic areas and family playgrounds, as well as a fitness trail.
There are eight elementary schools in the city, including Clermont Elementary School, and three middle schools, including Clermont Middle School. Three high schools also serve youth from Clermont. In addition, Lake-Sumter State College and the University of Central Florida also maintain a joint campus in the city.
Buying a Home in Clermont
One of the fastest-growing cities in central Florida, Clermont offers a high level of quality of life and a range of housing choices across income levels. Housing available in the city includes most single family homes, large estates and gated communities featuring extensive golf courses and recreational facilities. The median value of homes in Clermont is $229,000, while the median listing prices of houses for sale in the city is $239,900. Housing values have gone up consistently since 2012 and are expected to continue to rise.
Popular Neighborhoods in Clermont
Downtown Clermont is the core of the city, located between Lake Minneola’s south shore and State Road 50. It is home to a large number of retail shops, diverse restaurants and small businesses as well as the City Center and Art League for cultural activities. East Ridge High School is particularly well-regarded, and neighborhoods that feed into this high school are a great choice for families of teens. Somerset offers an easy walking distance to major shops and highly-ranked schools and good park access as well as a range of accessible prices.
Buying vs. Rent to Own Homes
Rent to own homes can be a great alternative to purchasing a home or simply continuing to rent. When you are sure that you want to take the plunge into homeownership but want some more preparation time, rent to own will allow you to strike a deal on your ideal home and pay rent for a fixed period of time while you prepare your down payment and your credit for an optimal mortgage loan. A portion of your monthly rent will go toward the purchase price, and when the lease is over, you’ll buy your home outright. When you’re certain that homeownership in Clermont is right for you, rent to own can be an excellent way to secure the house of your choice.
Cost of Living in Clermont
The cost of living in Clermont sits at just around the national average. While utilities and health care are lower costs compared to the United States general rate, groceries, housing and transportation are slightly more expensive. Altogether, the cost of living in the city is just about equal or one percent above the general United States cost of living.
Clermont is a bustling, growing community with an escalating population, moving into the future. The city offers a wide range of housing options that are accessible and affordable to a diverse array of individuals and families. With outdoor activities, easy connections to major cities and various shops and restaurants, Clermont provides a family-oriented housing option that could be a great choice for your home.
Rent to Own Realtors
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.