Rent to Own Homes in Defuniak Springs
The town was founded by officers of the Pensacola and Atlantic Railroad. They were surveying the route for the proposed railroad, and when they came across an open area with a lake, they declared... Read More
The town was founded by officers of the Pensacola and Atlantic Railroad. They were surveying the route for the proposed railroad, and when they came across an open area with a lake, they declared it a good place for a town and a railroad stop. It was named after Frederick DeFuniak, who was the president of the Pensacola and Atlantic Railroad. After meeting with the Chautauqua Institution in New York – the Chautauqua movement was a popular adult education movement in the late 19th and early 20th centuries – they decided that was the perfect draw for their new town, and set up a winter location. A 4,000-seat auditorium, the Chautauqua Hall of Brotherhood, was built on the shore of Lake DeFuniak.The below results are primarily rent to own homes in :
The town was founded by officers of the Pensacola and Atlantic Railroad. They were surveying the route for the proposed railroad, and when they came across an open area with a lake, they declared... Read More
The town was founded by officers of the Pensacola and Atlantic Railroad. They were surveying the route for the proposed railroad, and when they came across an open area with a lake, they declared it a good place for a town and a railroad stop. It was named after Frederick DeFuniak, who was the president of the Pensacola and Atlantic Railroad. After meeting with the Chautauqua Institution in New York – the Chautauqua movement was a popular adult education movement in the late 19th and early 20th centuries – they decided that was the perfect draw for their new town, and set up a winter location. A 4,000-seat auditorium, the Chautauqua Hall of Brotherhood, was built on the shore of Lake DeFuniak.The below results are primarily rent to own homes in :
Today, DeFuniak Springs is the county seat of Walton County and home to about 5,800 people. It’s in the Florida panhandle, just a short distance from the pristine beaches of the Gulf of Mexico. Pensacola is 80 miles to the west, and Tallahassee is 120 miles to the east. Both cities are easy accessible by Interstate 10.
Buying a Home in DeFuniak Springs
Recent home listings in DeFuniak Springs range from $45,000 to $329,000. New homes can be had for $150,000-$160,000. The median home price in this small Florida city is $93,400, which is exactly half of the national average. The overall cost of living is quite low, coming in at nearly 13 percent below the national average.
The average age of DeFuniak Springs residents is 48, and 47 percent of the population is married. Nearly 75 percent of the residential real estate is owner occupied.
DeFuniak Springs is served by the Walton County School District, which is comprised of six elementary schools, three middle schools, and three high schools. Five public schools are in DeFuniak Springs. Private schools are available as well.
Popular Neighborhoods in DeFuniak Springs
Four constituent neighborhoods make up the city. The Sconiers Mill/Cosson Mill area extends down to Choctawhatchee Bay and includes Choctaw Beach. The residential real estate is primarily small- to medium-sized single-family homes and mobile homes. Most of the residences are owner occupied, and many were built after 1970. The waterfront gives this area a pleasant, relaxing atmosphere. The median home price is about $152,000.
To the northeast is the City Center area. The real estate is similar to that mentioned above, but the median price comes in a bit lower at $135,000. This area includes Lake DeFuniak, and a portion of the original Chautauqua Hall of Brotherhood is still in use on Circle Drive, which surrounds the lake.
Buying vs. Rent to Own Homes
Since buying a home requires a large down payment and prequalification, rent-to-own plans are becoming more and more popular. In a rent-to-own arrangement, a part of each month’s rent is applied toward a down payment to eventually buy the home. It’s easier and doesn’t require a significant outlay of cash, and renters can look forward to becoming proud homeowners. So if the beaches and small-town atmosphere of DeFuniak Springs sound appealing, it would be worthwhile to check out this option.
Summary
DeFuniak Springs is in the Sunshine State, the land of endless summer. High temperatures are 61 in January and 91 in July and August, making it a great place to be all year. The low housing cost, great beaches, and proximity to larger metropolitan centers make DeFuniak Springs a town worth considering. It has a lot to offer!
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
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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