Rent to Own Homes in Lauderhill
The United States Census Bureau... Read More
The United States Census Bureau records the population of the city of Lauderhill at around 67 thousand people. The city itself is nestled on the far southeastern coast of the state of Florida in Broward County and it is one of the primary cities in the greater Miami metropolitan area. Lauderhill covers around 8.57 square miles of land, 0.05 square miles of which is water. One of Lauderhill's biggest features is Central Broward Regional Park which is a large county park and home to the Central Broward Stadium, the only cricket stadium in the United States.The below results are primarily rent to own homes in :
The United States Census Bureau... Read More
The United States Census Bureau records the population of the city of Lauderhill at around 67 thousand people. The city itself is nestled on the far southeastern coast of the state of Florida in Broward County and it is one of the primary cities in the greater Miami metropolitan area. Lauderhill covers around 8.57 square miles of land, 0.05 square miles of which is water. One of Lauderhill's biggest features is Central Broward Regional Park which is a large county park and home to the Central Broward Stadium, the only cricket stadium in the United States.The below results are primarily rent to own homes in :
Public education in the area is overseen by Broward County Public Schools. The school system is the sixth largest in the nation and serves over two hundred thousand students per year. Within Lauderhill city limits, there are seven elementary schools, five middle schools, and three high schools. There are also two charter schools in the area: Rise Academy and Rise Academy II. Lauderhill is also known for its high proportion of foreign born individuals, most of whom hail from the West Indies. More than 33% of the city's population was born abroad with the largest portion coming from the Caribbean. Other population groups include Jamaica, Haiti, Trinidad and Tobago, Grenada, Dominica, The Bahamas, Guyana, and the US Virgin Islands.
Buying vs. Rent to Own Homes
Rent to own gives you anywhere between a few months and three years time to prepare for buying a home. It’s more costly than buying outright because you’ll be paying rent to the owner instead of building equity by paying off the mortgage; but, it’s much better than renting because you have the option to buy and stop the rent payment process whenever you’re ready.
Lease-options help set you up for a home purchase in the not-so-distant future.
That’s not to say that because you aren’t ready to buy you should rent to own. If you need more than three years before you’re ready to purchase a home, you shouldn’t rent to own. Instead, you should wait until you’re at least less than three years away from qualifying to buy a home before signing your lease-option because, if the lease term ends and you’re not ready to buy, you’ll lose the money you invested in an option fee and any other money you’ve negotiated from the seller.
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.
- 33311
- 33313
- 33319
- 33351