Rent to Own Homes in St. Petersburg
The below results are primarily rent to own homes in Pinellas County, FL:
Saint Petersburg , FL 33705
1 Bedrooms, 1 Baths
St Petersburg , FL 33705
Saint Petersburg , FL 33703
St Petersburg , FL 33701
Saint Petersburg , FL 33711
Saint Petersburg , FL 33712
Saint Petersburg , FL 33711
St Petersburg , FL 33711
Saint Petersburg , FL 33701
St Petersburg , FL 33712
Saint Petersburg , FL 33703
With Tampa Bay on its east and the Gulf of Mexico to its west, Saint Petersburg is the ultimate coastal town. Often considered the more laid-back, casual cousin to nearby Tampa, St. Petersburg is often noted for its dynamic arts community, thriving tourism industry and exciting recreation. It also achieved Guinness World Record status with 768 consecutive days of sunshine, supporting its nickname as The Sunshine City.
Locals have plenty of other achievements and attractions to be proud of in St. Petersburg. Its Tampa Bay Times, once named St. Petersburg Times, holds 10 Pulitzer Prizes. Downtown St. Petersburg is also home to countless attractions. Residents can take in a professional Tampa Bay Rays baseball game at Tropicana Field, explore the St. Petersburg Museum of History, admire the colorful Chihuly Collection at the Morean Arts Center and enjoy the Tampa Bay beaches near the St. Petersburg Pier.
Buying a Home in St. Petersburg
The St. Petersburg area housing market is thriving, but buying a home here remains very affordable. The number of single family homes sold here increased more than 11 percent over the past year to its current monthly sales rate of 4,087. Likewise, the number of condos sold in the area escalated 15.7 percent to 1,453. Prices have also increased in the St. Petersburg-Tampa area. The median price for a single family home climbed 12 percent to $175,500, and the median price of a condo rose 10.9 percent to $122,000.
Popular Neighborhoods in St. Petersburg
Historic Kenwood is known for its large collection of 1920s bungalows, rousing Bungalow Fest and new Artist Enclave. Old Northeast is a little fancier historic neighborhood, appealing to older families and more established professionals with its proximity to North Shore Park waterfront, friendly neighbors and plentiful front porches. Greater Pinellas Point’s bay-front location, diverse mix of nice ranch homes, elegant waterfront estates and comfortable condos attracts a variety of income levels with a median age of 42. Downtown is the urban option, offering scenic waterfront parks, luxury high-rise condos and more modest single family homes amid a lively cultural, art and culinary scene.
Buying vs. Rent to Own Homes
While buying a home outright can be very rewarding, rent to own homes offer excellent alternatives for those who need a little time to better arrange their finances. At the same time, renting to own allows buyers to buy at today’s rates, which can save them a bundle if home prices increase. Rent-to-own arrangements are often less strict on financial requirements than traditional home-buying agreements, and they give rent-to-owners time to build up a down payment and eliminate consumer debt. They’re also beneficial for sellers who are anxious to sell their homes in an uncertain market.
Cost of Living in St. Petersburg
Living in St. Petersburg is even more attractive when its extremely low cost of living is considered. Locals pay about 11 percent less on life’s essentials than the rest of the nation overall, and enjoy housing costs that are 29 percent lower. Groceries, healthcare and utilities are all below the national average as well. The only living expense that is higher than the average is transportation which costs about 6 percent more.
Enjoying Gulf of Mexico sunshine and a diverse population, St. Petersburg is historic, artistic and scenic. Its homes are extremely affordable, well below the average sales price of both Florida and the greater United States. Several neighborhoods are also exciting, ranging from historic communities to trendy urban regions. Even with all of its fine attributes and inviting location, St. Petersburg is an inexpensive place to live. Residents here can expect to pay just 89 cents on living expenses for every dollar the average American will spend, making it the perfect locale for young families, retirees and those who want the coastal lifestyle without the expense.
Rent to Own Realtors
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
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.
Reported Annual Crime In St. Petersburg