Rent to Own Homes in Miramar
The below results are primarily rent to own homes in Broward County, FL:
The city that United States residents now refer to as Miramar was established in the 1950s when A.L. Mailman purchased land close to Miami and Fort Lauderdale. Mr. Mailman started out with less than 60 inexpensive homes, but the community grew as more people wanted to live outside of the larger southern Florida cities. Today, there are a variety of Miramar houses on the market, ranging from small established homes to newer constructions with four or more bedrooms.
Miramar is located approximately 13 miles inland from Hollywood, Florida. It is considered a suburb to Miami and Fort Lauderdale, since it is located within 22 miles of both cities. Residents can reach these larger cities within a half hour without traffic, and many appreciate the opportunity to live away from the crowds of the popular coastal towns.
Some of the perks of living in the city of Miramar include access to the Youth Enrichment Center, Sunset Lakes Community Center and a community sports complex. Kids of all ages can participate in youth sports leagues offered through the city, and there are two local aquatic complexes where residents can exercise and cool off in the summer months. Many community events are also scheduled at Miramar Regional Park throughout the year. This multi-complex sports park covers more than 170 acres and is the premier place for outdoor recreation in the city.
Buying a Home in Miramar
Many homes in Miramar sell for more than $300,000, but you can also find homes closer to $200,000 if you’re willing to settle for less square footage. Homes throughout the city typically cover at least 1,500 square feet, but you can also find some larger homes that exceed 3,000 feet. When selecting the right home for your needs, consider proximity to local schools and community entertainment venues as well as your budget. This is a city of diverse neighborhoods, and you want to select the right one for your household.
Popular Neighborhoods in Miramar
The best residential areas in Miramar are towards the western end of the city. Communities on the eastern end have higher crime rates and lower-ranked schools, but you will also find the most affordable housing options in those communities. If you can afford to pay at least $300,000 for your home, you will find some nice properties in low-crime areas right in the center of the city. Look for homes that are located just east of I-75 and south of Pembroke Road if this is your ideal price range.
If you can afford to pay close to or more than $400,000 for a home, look in the Hollywood Boulevard neighborhood, which is close to route 27 on the western edge of the city. You will find many large homes with four or more bedrooms in this area, and many are located within close proximity to public schools and business areas with restaurants and shopping centers.
Buying vs. Rent to Own Homes
You have probably heard the term “rent to own” in the past, but have you considered what that term might mean for your home-buying journey? If you want to purchase a home in Miramar but aren’t sure that now is the time to take action, you may find that renting the property in preparation for a purchase is your best option.
A rent-to-own home will allow you to move into the property right away, but you start out as a renter. You may even find that some agreements set a portion of your monthly rent aside so that you can use it later as part of your down payment. The terms of these deals do vary, and not every home for sale in Miramar will have this option. It is something that every homeowner should at least consider, especially when you need more time to prepare for the mortgage loan application process.
Cost of Living in Miramar
The overall cost of living in Miramar is approximately 10 percent higher than the national average. This is largely due to the housing index, which can go as much as 30 percent higher than the national average. The housing market is also higher priced than the state average, but this is common for suburbs and bedroom communities that serve as an alternative to crowded big city living. While the cost of groceries in this area is more in line with the national average, you can expect to pay a bit more than average for transportation, utilities and other expenses.
Located within a 30-minute drive of Fort Lauderdale and Miami, Miramar is considered a suburban city with access to employment and entertainment options in multiple larger cities. While residents pay a bit more for their homes than they would in some surrounding cities, most consider it money well spent since they get to live in larger homes located outside of the bustling coastal cities. With quality public schools and a variety of community recreational facilities, this is a family-friendly region that also welcomes professionals and singles ready to live a quiet lifestyle.
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
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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