Rent to Own Homes in Fernandina Beach
Fernandina Beach, Florida, is located on Amelia Island in the county of Nassau. Fernandina Beach is the county seat and the United States Census Bureau has a population of around 11.5 thousand people. The United States Census has also measured the total land area of Fernandina Beach at around 11.19 square miles. Amelia Island has been settled since as early as 1000 AD by the Timucuan mound-building Native American culture. In 1562, the island was discovered by Jean Ribault, a French explorer, and three years later Spanish soldiers led by Pedro Menendez de Aviles took control of the area. From then on, the island as well as eastern Florida switched hands between France, Spain, Britain, and eventually the United States several times.The below results are primarily rent to own homes in :
Fernandina Beach, Florida, is located on Amelia Island in the county of Nassau. Fernandina Beach is the county seat and the United States Census Bureau has a population of around 11.5 thousand people. The United States Census has also measured the total land area of Fernandina Beach at around 11.19 square miles. Amelia Island has been settled since as early as 1000 AD by the Timucuan mound-building Native American culture. In 1562, the island was discovered by Jean Ribault, a French explorer, and three years later Spanish soldiers led by Pedro Menendez de Aviles took control of the area. From then on, the island as well as eastern Florida switched hands between France, Spain, Britain, and eventually the United States several times.The below results are primarily rent to own homes in :
The education of Fernandina Beach's youths is overseen by the Nassau County School District and includes the following schools: Southside Elementary School, Emma Love Hardee Elementary School, Fernandina Beach Middle School, and Fernandina Beach High School. The island is also home to two private schools: St. Michael Academy (grades Prek-8) and the Amelia Island Montessori School (grades PreK-8). The area is also home to a general aviation airfield known as the Fernandina Beach Municipal Airport as well as the annual Isle of Eight Flags Shrimp Festival. The Shrimp Festival takes place the first weekend of May and features the area's pride in its island heritage.
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
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
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.
Find properties near me with Rent to Own Labs.
- 32034
- 32035