Rent to Own Homes in Lutz
Fourteen miles north of Tampa, Lutz is located mostly in Hillsborough County, but it also occupies part of southern Pasco County. The unincorporated Lutz area has a population of about 19,222, according to the United States Census Bureau.The below results are primarily rent to own homes in :
Fourteen miles north of Tampa, Lutz is located mostly in Hillsborough County, but it also occupies part of southern Pasco County. The unincorporated Lutz area has a population of about 19,222, according to the United States Census Bureau.The below results are primarily rent to own homes in :
The community's early growth was spurred by the construction of a small train depot. Lutz Junction was a stop on the Tampa Northern Railroad, which traveled between Tampa and Brooksville. The community was named for W. P. Lutz, an engineer with the Tampa Northern Railroad. The community's name is pronounced “Loots.” Today, Lutz boasts a variety of neighborhoods, including several gated, high-end communities and rural ranchettes. With so many lakes in the Lutz area, there are also many subdivisions here that offer lakefront homes. Excellent public and private schools make Lutz even more attractive to area families. Some local kids attend schools in the School District of Hillsborough County such as McKittrick Elementary, Lutz Preparatory School and Steinbrenner High School. Others attend Pasco County Public Schools or private schools like Lutz Learning Center, Hand in Hand Academy and Center Academy-Lutz. A replica of the original depot now stands at Lutz Lake Fern Road and Highway 41. The area around the depot, which includes the old post office building and the public library, is often referred to as “Beautiful Downtown Lutz.” Downtown is home to a variety of community concerts and a rousing Fourth of July celebration. More than two dozen local lakes provide much of the community’s recreation. Locals also enjoy classes at Abby’s Organic Community Farm, taking Fido to play at Carolyn Meeker Dog Park and golfing at Avila Golf & Country Club.
Buying vs. Rent to Own Homes
Renting to own a home is like a test drive for buying a house. It’s comparable to the car dealership letting you drive out of the lot with the car that you want (after you pay a small option fee) and telling you to come back when you have the money to pay the full price of it, as long as it is within the lease term. Then you make monthly lease payments until you’re ready to buy it.
You should lease-option when you’re close to getting financing for the home you’re looking to purchase, but need a bit more time (1-3 years) before you’re ready. And if you’re unsure about the house, you have more time to consider it from a more personal perspective.
Similarly to test driving a car, once you’re sure that this is the house you want and you have the money to purchase it, you should buy it as soon as possible. There’s no sense in paying rent money for longer than you need to. Rent to own also gives you the flexibility to close on a home whenever you’re ready to. It’s a mix of the best parts of renting and buying.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
About Our Listings
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
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