Rent to Own Homes in Leesburg
The city has a total area of just over 24 square miles, and roughly 23% of this is water. There are many activities such as fishing, boating, and skiing that will appeal to those who love outdoor leisure. In the spring, thousands of people visit the annual Leesburg Bikefest which has been held since 1997. Baseball is also big in the city, and Leesburg has been a spring training destination for many professional teams. The Leesburg Lightning currently compete in the Florida Collegiate Summer League.The below results are primarily rent to own homes in Lake County, FL:
The city has a total area of just over 24 square miles, and roughly 23% of this is water. There are many activities such as fishing, boating, and skiing that will appeal to those who love outdoor leisure. In the spring, thousands of people visit the annual Leesburg Bikefest which has been held since 1997. Baseball is also big in the city, and Leesburg has been a spring training destination for many professional teams. The Leesburg Lightning currently compete in the Florida Collegiate Summer League.The below results are primarily rent to own homes in Lake County, FL:
The median income for families in Leesburg is $33,250. Leesburg High School has a strong athletic program, and the boy's basketball team captured a state championship in 2011. While the city has many singles and married couples with children, retirees account for most of the city's population.
Buying a Home in Leesburg
With just 40% of the city's housing units being owner-occupied, there are many opportunities for the prospective home buyer in Leesburg. The city is one of the more affordable areas in the state with the median price of a home being $110,000. This is considerably lower than both the state and the nation. Those who secure financing for their home from a mortgage lender can expect an average monthly payment of $1,081.
More than 90% of the homes in the city are modern, having been built within the past 25 years. Most homes in Leesburg are smaller units with one or two bedrooms. There are, however, many homes that are medium-sized to large with three or more bedrooms. These units will appeal to families and tend to be more affordable than homes in other Florida cities.
Popular Neighborhoods in Leesburg
Leesburg has many attractive neighborhoods which include Yalaha in the city's southeast corner. Yalaha includes much of Lake Harris and offers easy access to Florida's Turnpike. It is one of the quietest communities in the city and is home to an overwhelming number of retirees. The Okahumpka neighborhood borders Yalaha to the west and boasts some of the city's more affluent homes. The majority of residents in this community are older married couples who no longer have children living at home.
Buying vs. Rent to Own Homes
Deciding to purchase a home is a big decision that involves many aspects. One of these is determining how the home will be financed. Some first-time buyers may find that a rent to own home offers an exceptional alternative to qualifying for a home loan. These homes allow individuals or families to rent the home with an option to buy at a later date. In many cases, a portion of monthly rental fees are applied to the purchase price.
Summary
Leesburg, Florida has a strong appeal to retirees. This small city provides convenient access to some of Florida's most popular tourist destinations. There are many local bodies of water which provide outdoor activities such as boating, skiing, swimming, and fishing for many months out of the year. Leesburg is also a good environment for families thanks to a strong local school system.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
About Our Listings
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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