Rent to Own Homes in Marion Oaks
Marion Oaks is a small unincorporated area in central Florida that rests approximately 16 miles south of Ocala, 10 miles west of Belleview, 60 miles north of Spring Hill and 65 miles northwest of Orlando. The community is positioned just off Interstate 75 and places residents within a one-hour drive of Florida's western coastline. Some of the natural recreation areas surrounding the community include the Ross Prairie State Forest, Lake Weir, Ocala National Forest, Citrus Wildlife Management Area and Cross Florida Greenway.The below results are primarily rent to own homes in :
Marion Oaks is a small unincorporated area in central Florida that rests approximately 16 miles south of Ocala, 10 miles west of Belleview, 60 miles north of Spring Hill and 65 miles northwest of Orlando. The community is positioned just off Interstate 75 and places residents within a one-hour drive of Florida's western coastline. Some of the natural recreation areas surrounding the community include the Ross Prairie State Forest, Lake Weir, Ocala National Forest, Citrus Wildlife Management Area and Cross Florida Greenway.The below results are primarily rent to own homes in :
The Marion Oaks Fire Department and police department are located on Marion Oaks Lane. The community was developed with the intention of creating a family-friendly neighborhood complete with new housing, medical facilities, recreation centers and an auditorium. The community now offers all of that plus a library and sport courts. Students from this area attend Marion Oaks Elementary, Sunrise Elementary, Horizon Academy and Dunnellon High School. Older students have access to the College of Central Florida and the Community Technical and Adult Education facility, which is better known as CTAE. There are some small employers located within the Marion Oaks community, but many residents commute to surrounding areas to find more lucrative jobs. Some of the most prominent employers in the area include the Munroe Regional Medical Center, Ocala Health, Lockheed Martin, E-One Incorporated, Sitel and a variety of retail stores like Walmart.
Buying vs. Rent to Own Homes
Rent to own is a great option for people who want to buy a house, but are still working on getting the financing for it. People who are anywhere between a few months and three years away from qualifying for financing should consider rent to own.
Unlike renting, you don’t have to keep making rent payments for the full lease term. Once you’re able to close, you have the right to do that.
Rent to own is very similar to buying, in that buying is the end result of a successful rent to own deal.
The primary difference between the two is that rent to own takes longer than buying, which is the advantage of rent to own. It gives buyers time to get their finances in order to buy a home while not getting trapped into a lease term.
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.