Rent to Own Homes in Poinciana
Poinciana is a rapidly growing settlement that rests between Lake Tohopekaliga and the Lake Marion Creek Wildlife Management Area in central Florida. This region is approximately 35 miles south of Orlando and about 70 miles east of Tampa. This places residents within a two-hour drive of Clearwater and other attractions along Florida’s Gulf Coast. Cocoa Beach and attractions along Florida’s Atlantic coastline are within a two-hour drive of the Poinciana area, allowing beach day to happen any day for residents up for the short ride.The below results are primarily rent to own homes in :
Poinciana is a rapidly growing settlement that rests between Lake Tohopekaliga and the Lake Marion Creek Wildlife Management Area in central Florida. This region is approximately 35 miles south of Orlando and about 70 miles east of Tampa. This places residents within a two-hour drive of Clearwater and other attractions along Florida’s Gulf Coast. Cocoa Beach and attractions along Florida’s Atlantic coastline are within a two-hour drive of the Poinciana area, allowing beach day to happen any day for residents up for the short ride.The below results are primarily rent to own homes in :
Poinciana is a part of the Association of Poinciana Villages, which includes 10 villages that boast a cumulative population of more than 60,000 residents. This area has grown from approximately 13,000 residents in 2000 to more than 50,000 residents in 2010, making this one of the fastest growing areas in central Florida. This is a planned unit development that includes Poinciana CDD and Poinciana West CDD. One of the community villages is reserved for residents at least 55 years old, but Poinciana is open to all ages. Students living in Poinciana attend public schools maintained by either Polk or Osceola County. This gives families access to more than 10 elementary schools and approximately five middle and high schools. There are also three libraries open to the public.
Buying vs. Rent to Own Homes
The difference between buying a home and signing up for a lease-option depends on your timeframe and how much money you spend on buying the house.
When you buy a house outright, you pay for the fair market value of the home plus interest and other fees charged by your financial lender, if you have one. You buy the property today and immediately start building equity in it.
However, when you rent to own, you won’t own the home until you close on the property, which could be as far as three years from today. You’ll also pay rent monthly, and you don’t get that money back.
There are some fees that you pay for rent to own that you’ll get back as a credit towards the price of your home, like option fees and rent credits. These count as equity on the home, but they’re not on the scale of equity you would build with a mortgage. Therefore, these don’t add anything on to the price you pay for the home the way that rent does.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
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