Rent to Own Homes in Port St Lucie
Serving its citizens is important, and throughout town, Port St. Lucie forms special activities for its residents. It also is home to a variety of St. Lucie County organizations to provide these services to locals, from St. Lucie County Public Schools and the St. Lucie County Chamber of Commerce to the St. Lucie County Aquarium.
Buying a Home in Port St. Lucie?
Median home prices are escalating quickly in Port St. Lucie, rising from $160,000 to about $230,000 in the past year. At the same time, houses are selling much more quickly, going from 100 days on the market to the current 60-plus days. New listings haven’t kept pace with the uptick in sales paces, so available housing inventory in Port St. Lucie is dropping from nearly 1,900 homes on the market to about 1,000 homes on the market. Foreclosures and distressed properties have remained flat for the past year.
Popular Neighborhoods in Port St. Lucie?
The safe, suburban feel of Southeast Port St. Lucie appeals to residents of all ages and stations, drawn to the neighborhood’s modest homes, plentiful water recreation areas and coastal views. The median price of a home here is $239,739 and the median rental price is $1,301. Wide expanses of land and, occasionally, water surround Carlton homes where residents can create their own peaceful retreats. Some properties have space for horses, while others are more suburban in nature. Families, executives and seniors appreciate the Carlton neighborhood for its secluded setting and newer homes that carry a median price of $320,602.
Buying vs. Rent to Own Homes?
Buyers who step “out of the box” and consider rent to own homes over traditional methods of home buying, gain three main benefits. First, buyers pay today’s home prices even if values have increased by the time the deal is finalized. Second, buyers don’t have to wait for escrow to close before moving in. Finally, financial requirements with rent to own homes are less strict, so more buyers can purchase homes. The down payment and mortgage comes at the end of the one-to-three-year contract, giving buyers time to get their financial house in order.
Cost of Living in Port St. Lucie?
It’s rare to find a coastal community that’s affordable, but Port St. Lucie is very affordable. With an overall cost of living that is 7 percent below the national average, Port St. Lucie is an attractive hometown. While groceries, transportation and healthcare are 2 to 3 percent more expensive than in the rest of the nation, housing is an incredible 27 percent cheaper. Utilities are also affordable at 3 percent below the national average.
Port St. Lucie is in one of Florida’s most captivating locations, encompassing the Indian River, the St. Lucie River and points west. Living here is a joy, and the city works hard to keep it that way through environmental education facilities and well-rounded public services. Homes range from modest coastal bungalows to large, new beauties with plenty of pastures. While home prices are increasing markedly, Port St. Lucie’s residential market remains accessible. Following suit, the city’s cost of living is appealingly affordable, particularly for an attractive coastal city.
Summary
Port St. Lucie is in one of Florida’s most captivating locations, encompassing the Indian River, the St. Lucie River and points west. Living here is a joy, and the city works hard to keep it that way through environmental education facilities and well-rounded public services. Homes range from modest coastal bungalows to large, new beauties with plenty of pastures. While home prices are increasing markedly, Port St. Lucie’s residential market remains accessible. Following suit, the city’s cost of living is appealingly affordable, particularly for an attractive coastal city.
Rent to Own Realtors
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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