Rent to Own Homes in Sarasota
Although first explored by Europeans in the 16th century, Sarasota didn’t become an official city until 1913. The railroad provided a boost in population beginning in the first decade of the century, and both John and Charles Ringling – of Ringling Brothers fame – were instrumental in investing and land development.The below results are primarily rent to own homes in Sarasota County, FL:
Although first explored by Europeans in the 16th century, Sarasota didn’t become an official city until 1913. The railroad provided a boost in population beginning in the first decade of the century, and both John and Charles Ringling – of Ringling Brothers fame – were instrumental in investing and land development.The below results are primarily rent to own homes in Sarasota County, FL:
At the southern end of the Tampa Bay area, Sarasota is close to Tampa, St. Petersburg, and Fort Myers. Orlando is 140 miles away. But Sarasota boasts its own orchestra, opera, music festival, museum of art, and theaters and theater companies. The Sarasota Chalk Festival – now held just to the south in Venice – is an international street painting festival which takes place each year in November.
Buying a Home in Sarasota
Italian architecture is quite common in Sarasota, largely because of the Ringling Museum of Art, established in 1927 and housed in an Italian-style theater, and Cà d’Zan, a Venetian style home built by John and Mable Ringling. Median home price is $262,000, although the sky’s the limit; waterfront homes in the seven-figure range are available as well.
The median age of the population is 45, and 41% of the population is married. Job growth is positive, and unemployment is lower than the national average. Sarasota schools run the gamut from 1-9 (out of 10, as rated by GreatSchools), so families with school-aged children should do their homework when shopping for a neighborhood.
Popular Neighborhoods in Sarasota
All of Sarasota’s waterfront neighborhoods carry a median home price north of $600,000. The Laurel Park area is on the National Register of Historic Places. Single family homes, duplexes, and apartment buildings make up the residences in this neighborhood, and styles include bungalow, Mission revival, Colonial revival, and Mediterranean revival. Many date back to the 1920s. Laurel Park’s denizens are close to downtown shops, restaurants, and entertainment venues. It’s a very walkable area, and residents include retirees, families, professionals, and artists.
The Lakewood Ranch neighborhood, east of I-75 and away from the tourist crush, features townhouses and single-family homes. Seven villages make up this area, and residents include both retirees and young families. This area has numerous playgrounds, pools, large open spaces, and hiking trails. There are plenty of shopping and dining options, and it’s very much a green community.
Buying vs. Rent to Own Homes
You may already be packing your things to move to Sarasota. But you may not be quite ready to finance a home. There is another option: renting to own. A portion of each month’s rent goes toward a down payment to eventually buy the house. It’s a good option for those who aren’t in a position to buy a home outright, as the accumulated payments build up to the needed down payment.
Summary
It’s no surprise that one of the nicknames for Sarasota is “Paradise.” Beautiful beaches, white sand, family-friendly neighborhoods, and an average high in January – the coldest month – of 70 degrees is enough to convince many people that Sarasota is a good place to call home.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
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