Rent to Own Homes in Jacksonville
Jax is the largest city in Florida and the largest city in the country... Read More
Jax is the largest city in Florida and the largest city in the country by land area; however, transportation, like the river, Interstate 95, ample expressways and convenient Jacksonville International Airport make getting around easy. There’s even a chic new cruise port terminal that eases the way for a quick Caribbean vacation.The below results are primarily rent to own homes in Duval County, FL:
Jax is the largest city in Florida and the largest city in the country... Read More
Jax is the largest city in Florida and the largest city in the country by land area; however, transportation, like the river, Interstate 95, ample expressways and convenient Jacksonville International Airport make getting around easy. There’s even a chic new cruise port terminal that eases the way for a quick Caribbean vacation.The below results are primarily rent to own homes in Duval County, FL:
For family fun, festivals, nightlife and culinary adventures, it’s tough to beat Jacksonville’s offerings. Its 111,000 acres of park land make it the largest urban park system in the United States and provides plenty of play space for the city’s 300-plus neighborhoods. Downtown Jacksonville teems with lively waterfront entertainment, while nearby Jacksonville Beach and other beaches in Jacksonville, like Neptune, Atlantic and Ponte Vedra give a decidedly laid-back, coastal vibe to local activities.
Buying a Home in Jacksonville ?
According to the Northeast Florida Association of Realtors, the region’s new home listings are in an upswing, there are stable mortgage rates, houses are priced affordably and employment data is robust. That means there are great opportunities for local home buyers. Thousands of single-family homes, condominiums and townhouses are on the market, with more than 9,000 options available to house hunters at the close of 2014.
Buyers can appreciate the region’s affordability as well. Median sales prices hover around $155,000, a price that is far more affordable than the median U.S. home price of $212,100. While Jacksonville homes have a median age of 25 years, there are numerous historic and new homes too.
Popular Neighborhoods in Jacksonville ?
Downtown is often the preferred locale for millennials and young professionals who embrace the urban lifestyle. Southside is another favorite neighborhood for young families and professionals who want easy access to some of the area’s top employers as well as a wide array of entertainment and activities.
South of downtown, families enjoy Avondale’s upscale suburban character filled with 1920s homes in Art Deco, Classical Revival and Craftsman styles and charming boutiques and restaurants. More established residents often prefer the exclusive riverfront homes in the Ortega district where Southern living is at its most traditional.
The Spirit of Jacksonville ?
Jacksonville is no stranger to sports lovers. From the yearly Florida Gators vs Georgia Bulldogs rivalry games, to cheering on the Jacksonville Jaguars, football is everywhere in Jax. If you happen to attend a rivalry game, you’ll be at the tailgate dubbed the Largest Outdoor Cocktail Party and you’ll witness a rivalry so intense that it’s held away from both campuses on neutral territory in Jax. Golf lovers rejoice that PGA headquarters is right around the corner in Ponte Vedra.
Jacksonville is a hub for patriotism; it houses two military bases, the Naval Air Station Jacksonville and Naval Station Mayport. The military employs over 50,000 people in the Jacksonville area. Your kids can stay home for college at great schools like the University of North Florida or Jacksonville University. The great part about your child attending school in Jacksonville is that in addition to great educations, Jacksonville is a great place for students to get internships and other types of experience.
Unlike cities in South Florida, Jacksonville is close enough to the border to make road trips from state to state easy, while still being just a three-hour drive from the Walt Disney World and other Orlando attractions. And just like South Florida, Jacksonville is home to beautiful nature-made treasures. There are multiple gorgeous beaches, a laundry list of parks nearby and astounding springs to spend your weekends at.
Beauty is everywhere here. Whether you head to one of the museums, the theatre or a music festival, you can find culture just about anywhere. Nature had a little extra fun designing Jacksonville. On the west end of the South bank of Downtown Jacksonville you’ll find Friendship Fountain, a fun place to spend time in the day time, and a beautiful place to stroll through at the end of the night. The fountain is surrounded by city skyscrapers and has a view of the St. Johns river. Dock your boat after a long and relaxing day fishing at Jacksonville landing. You’ll find live entertainment, great places to watch sports games and tons of dining options. During the day, the landing has tons of shopping too. Everything you do at the landing comes with a gorgeous view of the water. If you’re looking for heavy duty shopping St. Johns Town Center is the place to be. Like the landing, this outdoor mall is filled with stores and restaurants.
Buying vs. Rent to Own Homes in Jacksonville ?
A relatively tight mortgage market means that most of today’s home buyers need to have a sizable down payment at the ready and a favorable credit score to secure a mortgage. Choosing a rent to own plan makes reaching those requirements a bit simpler.
While rent to own agreements don’t usually involve a down payment; however, they do require an option fee to be paid. Because rent to own purchasers aren’t yet seeking a mortgage, credit requirements are often more relaxed, as well. Responsibility for homeowner’s insurance, property taxes and property improvements is delayed with rent to own plans, and renters gain invaluable information about their home and their neighborhood before making a large investment in the home.
During your lease, you’ll pay your rent and a premium. The premium goes into an escrow account where no one can touch it. At the end of the lease, the money saved in the escrow account will go towards your down payment on the home. It’s also helpful to use this time to pay down debt and improve your credit score. Remember, you are an advantage because during this time, you are becoming adjusted to your home, but you’re not paying for insurance or taxes; use that money to pay down your debt instead.
When you come out of your lease option, make sure you’ve done everything you can to have enough for the down payment and to qualify for a mortgage. If, for some reason, you don’t qualify, the owner can sell the home to someone else, and you will lose the money you paid in premiums.
Cost of Living in Jacksonville ?
Jax residents enjoy lower housing and health care expenses than the rest of the country. Housing costs are 92 percent of the national average and health care expenses are 93 percent of the national average. Groceries are also less costly in Jacksonville than in the rest of Florida, but utilities, transportation, goods and services are slightly more costly than average. It’s also important to note that Florida does not have a state income tax; therefore, any wages you earn will only be taxed at the federal rate.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
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