Rent to Own Homes in Davie
Davie is a growing town resting between the Everglades and the Atlantic coastline in southern Florida. This location is about 15 miles from Pompano Beach, 10 miles from Fort Lauderdale and 12 miles from Hollywood. This places residents within a 30-minute drive of multiple beaches while keeping commute times reasonable for those interested in securing jobs in surrounding communities. The Fort Lauderdale-Hollywood International Airport is also about a 30-minute drive to the east.The below results are primarily rent to own homes in :
Davie is a growing town resting between the Everglades and the Atlantic coastline in southern Florida. This location is about 15 miles from Pompano Beach, 10 miles from Fort Lauderdale and 12 miles from Hollywood. This places residents within a 30-minute drive of multiple beaches while keeping commute times reasonable for those interested in securing jobs in surrounding communities. The Fort Lauderdale-Hollywood International Airport is also about a 30-minute drive to the east.The below results are primarily rent to own homes in :
Some of the most popular natural attractions in the Davie area include the Seminole Hard Rock Hotel and Casino, Flamingo Gardens, Markham Park and Target Range, Vista View Park, Tree Tops Park, Pine Island Ridge Natural Area and Country Club, and Jacaranda Golf Club. This region of the state was largely covered by swamplands when originally settled under the name Zona. A developer known as R.P. Davie invested in property and helped drain the swamplands to make room for a schoolhouse and more residential areas. The Old Davie School is still standing today and has been well preserved by the Davie School Foundation. Davie has grown from approximately 6,000 residents in 1970 to more than 100,000 residents in 2016. More than five community colleges and universities now maintain campuses in Davie, and families are served by more than five elementary schools, a few middle schools and four high schools. There are also a variety of private schools serving the Davie community.
Buying vs. Rent to Own Homes
Renting to own a home and buying a home both have the same end goal – you own the house you’re interested in. The difference between the two is your timeline. Buying a property is a great idea if you’re sure about the property and you have financing to purchase it today.
Lease-options are a good idea when you’re having doubts about the house or if you’re not financially ready to own the house you’re looking at. They’re a good option if you almost have a high enough credit score, a steady enough job history or a big enough down payment to qualify for financing on the home, but you need some more time to qualify. Rent to own gives you time to get your affairs in order, ability to try out a house and flexibility to close on the home when you’re ready – without having to wait for the end of a lease.
To be clear, if you can buy a house today, you should do it. If you’re looking at buying within the next three years, rent to own is a good way to start the process.
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
Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
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