Rent to Own Homes in Royal Palm Beach
You can find the Village of Royal Palm Beach extending from the southwestern corner of the Pond Cypress Nature Area in southern Florida. The village is approximately 10 miles inland from the Atlantic coastline and is within a 30-minute drive of West Palm Beach, Norton Museum of Art, Palm Beach Zoo and Conservation Society, and Mounts Botanical Garden. This coastal region is home to Palm Beach International Airport and several vacation resorts like Banyan Cay Resort and Golf.The below results are primarily rent to own homes in :
You can find the Village of Royal Palm Beach extending from the southwestern corner of the Pond Cypress Nature Area in southern Florida. The village is approximately 10 miles inland from the Atlantic coastline and is within a 30-minute drive of West Palm Beach, Norton Museum of Art, Palm Beach Zoo and Conservation Society, and Mounts Botanical Garden. This coastal region is home to Palm Beach International Airport and several vacation resorts like Banyan Cay Resort and Golf.The below results are primarily rent to own homes in :
There are also a variety of attractions located within Royal Palm Beach. Some of the more popular options include Calypso Bay Waterpark, Coral Sky Amphitheatre, Village Golf Club, Madison Green Country Club, Commons Park, Bob Marcello Baseball Complex and Earthday Park. The village has invested heavily in open green spaces that are suitable for bird watching, hiking and a variety of youth sports leagues. Royal Palm Beach started out as a natural preserve covered in swampland. The area was eventually purchased and stared to grow slowly around Royal Palm Beach Blvd. Today, there are more than 35,000 residents and the village is a part of Palm Beach County. Many residents are attracted to the area because there are so many outdoor recreation areas and entertainment venues. Many residents also find it convenient to commute to surrounding cities employment.
Buying vs. Rent to Own Homes
Renting to own a home and buying a house have the same steps, just on different timetables.
When you buy a house, you either pay with cash or you make monthly payments to a mortgage or some other kind of financing option for a set time frame.
When you rent to own a home you pay an option fee, which is later credited toward the purchase of the home, and then you make monthly rent payments until you’re sure you want to buy this house and you can secure financing. Then, you do the same things you would if you were buying a house – just make sure you do it before the end of the lease term so that you don’t lose any of the money you’ve negotiated.
When you can choose between the two, buying might be the right option because your monthly payments will go towards equity in a home as opposed to someone else’s pocket. However, lease-options get you to the same place with a little more time.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
About Our Listings
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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