Rent to Own Homes in Deerfield Beach
Deerfield Beach is a growing city that rests between Boca Raton and Pompano Beach near Florida’s southern tip. This is a coastal community that covers approximately 15 square miles along the Atlantic shoreline. Deerfield Beach Island is included in the city and covers approximately 0.3 square miles. The city attracts many beach-seeking visitors each year and is home to some big tourist attractions like Deerfield Beach Pier, Deerfield Beach Arboretum and Quiet Waters Park.The below results are primarily rent to own homes in :
Deerfield Beach is a growing city that rests between Boca Raton and Pompano Beach near Florida’s southern tip. This is a coastal community that covers approximately 15 square miles along the Atlantic shoreline. Deerfield Beach Island is included in the city and covers approximately 0.3 square miles. The city attracts many beach-seeking visitors each year and is home to some big tourist attractions like Deerfield Beach Pier, Deerfield Beach Arboretum and Quiet Waters Park.The below results are primarily rent to own homes in :
There are also a variety of natural attractions within and surrounding Deerfield Beach. This includes Deerfield Island Park, Sullivan Park, Royal Palm Yacht and Country Club, Pioneer Park, Constitution Park and Arboretum, Sugar Sand Park and Tradewinds Park. This is just a short list of the most popular outdoor attractions in the Deerfield Beach area. Combine those natural green spaces with warm weather year-round, and it’s easy to see why adventure seekers and active people of all ages are attracted to Deerfield Beach. The area that we now know as Deerfield Beach started out as a small settlement referred to as Hillsborough. The city was incorporated as Deerfield Beach in 1945, and there were approximately 2,000 people residing within city limits at that time. The population has grown consistently in years since, with 80,000 residents recorded for 2016. The city is now a part of Broward County.
Buying vs. Rent to Own Homes
Renting to own a home and buying a house have the same steps, just on different timetables.
When you buy a house, you either pay with cash or you make monthly payments to a mortgage or some other kind of financing option for a set time frame.
When you rent to own a home you pay an option fee, which is later credited toward the purchase of the home, and then you make monthly rent payments until you’re sure you want to buy this house and you can secure financing. Then, you do the same things you would if you were buying a house – just make sure you do it before the end of the lease term so that you don’t lose any of the money you’ve negotiated.
When you can choose between the two, buying might be the right option because your monthly payments will go towards equity in a home as opposed to someone else’s pocket. However, lease-options get you to the same place with a little more time.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
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.
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