Rent to Own Homes in Cocoa Beach
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The city of Cocoa Beach is located in eastern Brevard County in the state of Florida and is a part of the larger Palm Bay-Melbourne-Titusville, Florida Metropolitan Statistical Area. Cocoa Beach is overseen by a Commission-Manager style of local government with the City Commission acting as the legislative branch. This commission is made up of five members including the Mayor with four year terms. The City Manager oversees overall administration of the city and is the recognized executive officer of the city's government structure.The below results are primarily rent to own homes in :
The... Read More
The city of Cocoa Beach is located in eastern Brevard County in the state of Florida and is a part of the larger Palm Bay-Melbourne-Titusville, Florida Metropolitan Statistical Area. Cocoa Beach is overseen by a Commission-Manager style of local government with the City Commission acting as the legislative branch. This commission is made up of five members including the Mayor with four year terms. The City Manager oversees overall administration of the city and is the recognized executive officer of the city's government structure.The below results are primarily rent to own homes in :
Cocoa Beach was officially established as a city in 1925 and its first official town meeting was held at the Cocoa Beach Casino. The city's first mayor was Gus C. Edwards. Since that time, the city has grown into a bustling hub of industry with a population of around 11 thousand people. There are three public schools in Cocoa Beach, which include: Freedom 7 Elementary School, Theodore Roosevelt Elementary, and Cocoa Beach High School. Both Freedom 7 Elementary school and Cocoa Beach Jr./Sr High School are certified International Baccalaureate schools which give students a head start on their college careers while they are working on their primary and secondary educations. The IB Program is a non-profit educational foundation with its headquarters in Geneva, Switzerland.
Buying vs. Rent to Own Homes
To buy a house, you (1) look at the homes available for purchase, (2) pick the house you want, (3) pay the seller the cost of the home and (4) you get the house. That’s the basic gist of the traditional home buying process.
All the steps of the traditional home buying process are present in the rent to own process. The difference is that renting to own has an additional step between Step 2 and Step 3. Step 2.5 is to rent the home for a maximum of three years until you are ready to continue to Step 3.
During Step 2.5, you’re working on improving your credit score, building a steady job history and saving up a down payment so that you can qualify for financing. Once you have financing, you can move on to Step 3.
Rent to own is a good way to prepare for buying a property. Once you do buy, you won’t have to spend money on rent any longer. So, the sooner you can buy, the better.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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