Rent to Own Homes in DeLand
Previously known as Persimmon Hollow, DeLand was established in 1876 and... Read More
Previously known as Persimmon Hollow, DeLand was established in 1876 and named for the man who founded it, Henry Addison DeLand, a baking soda manufacturer from upstate New York. His vision was to build a citrus, agricultural, and tourism center. DeLand’s home is now on the National Register of Historic Places. The city was incorporated in 1882 and became the county seat of Volusia County in 1887.The below results are primarily rent to own homes in Volusia County, FL:
Previously known as Persimmon Hollow, DeLand was established in 1876 and... Read More
Previously known as Persimmon Hollow, DeLand was established in 1876 and named for the man who founded it, Henry Addison DeLand, a baking soda manufacturer from upstate New York. His vision was to build a citrus, agricultural, and tourism center. DeLand’s home is now on the National Register of Historic Places. The city was incorporated in 1882 and became the county seat of Volusia County in 1887.The below results are primarily rent to own homes in Volusia County, FL:
Along with its proximity to spectacular Florida beaches, DeLand is just 34 miles from the central business district of Orlando and about 60 miles from Walt Disney World. Jacksonville – the largest city by area in the lower 48 – is just 110 miles away. And the beautiful Gulf-shore cities of Tampa and St. Petersburg are about 130 miles to the west.
The charming Downtown DeLand Historic District, centered around Woodland Boulevard, is on the National Register of Historic Places and contains 68 contributing buildings, many dating to the 19th century.
Buying a Home in DeLand
The median cost of a home in DeLand is $143,900, which compares well with the national average of $188,900 – it’s a full 23 percent lower. Current home listings range from $39,000 to $875,000. Approximately 64 percent of the residential real estate is owner occupied. The overall cost of living is six percent below the national average.
About 45 percent of the city’s population is married, and the median age is 38.9, so it’s an ideal community for both families and retirees. The median household income is about $37,400.
Volusia County Schools serves DeLand, which includes ten elementary schools, four middle schools, and a high school. Stetson University, the oldest private college in Florida, is also in DeLand.
Popular Neighborhoods in DeLand
The city is comprised of 13 constituent neighborhoods. The Orange Camp Rd/S Blue Lake Ave. neighborhood is the southernmost area of the city, and is primarily made up of medium- to large-sized single-family homes and townhomes, and most of the residential real estate is owner occupied. Many of the residences were built after 2000. The median home cost is about $293,000.
The northwest area, the Glenwood/Daisy Lake neighborhood, includes a small lake and borders De Leon State Park. Small- to medium-sized homes and apartment complexes are the norm here. The median home cost in this middle-income neighborhood is $231,000.
Buying vs. Rent to Own Homes
DeLand may already sound like an attractive place to live. But buying a home can be complicated process; it requires qualification and a sizable down payment. For some, one or both of those things mean that buying a home is out of reach. If you feel that way, consider the option of renting to own. Part of each month’s rent is set aside and applied toward a down payment, and that amount accrues over time. Eventually, you have enough for the down payment to buy the home you’re already living in. You become a homeowner without having to move!
Summary
There are worse places to live than the Sunshine State, that’s for sure. Year-round pleasant weather brings vacationers by the thousands, but it’s even better to live there! In DeLand, world class beaches are less than 10 minutes away, and large metropolitan centers – Orlando and Jacksonville – are close and easy accessible. Add in the low housing costs and positive job growth, and you have a community that is a great place to call home.
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
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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