Rent to Own Homes in Summerfield
Summerfield is an unincorporated community that rests 15 miles south of Ocala in north-central Florida. This are is less than 10 miles west of the Carney Island Recreation and Conservation Area, which is positioned on the western banks of Lake Weir. This location allows residents to reach Crystal River and other scenic destinations on the Gulf Coast in approximately one hour without traffic. Atlantic coast attractions like Daytona Beach and Palm Coast are within a two-hour drive to the east. The tourist attractions of Orlando are also within a one-hour drive to the south.The below results are primarily rent to own homes in :
Summerfield is an unincorporated community that rests 15 miles south of Ocala in north-central Florida. This are is less than 10 miles west of the Carney Island Recreation and Conservation Area, which is positioned on the western banks of Lake Weir. This location allows residents to reach Crystal River and other scenic destinations on the Gulf Coast in approximately one hour without traffic. Atlantic coast attractions like Daytona Beach and Palm Coast are within a two-hour drive to the east. The tourist attractions of Orlando are also within a one-hour drive to the south.The below results are primarily rent to own homes in :
The community of Summerfield was originally named after one of the area’s first settlers, which was a cattleman known as Col. Adam G. Summer. The community is now located within Marion County and is counted as part of the Ocala Metropolitan Statistical Area. The area has experienced rapid growth since 2000 and is now home to more than 25,000 people. There are a variety of fun attractions located within or near the Summerfield community. This includes the Gypsy Gold Farm, Spanish Springs Town Square, Markets of Marion and Don Garlits Museum of Drag Racing. Some of the most popular outdoor recreation areas in this region of the state include the Eagle Ridge Golf Club, Santos-Belleview Trail and Carney Island Recreation Area.
Buying vs. Rent to Own Homes
Rent to own is a great option for people who want to buy a house, but are still working on getting the financing for it. People who are anywhere between a few months and three years away from qualifying for financing should consider rent to own.
Unlike renting, you don’t have to keep making rent payments for the full lease term. Once you’re able to close, you have the right to do that.
Rent to own is very similar to buying, in that buying is the end result of a successful rent to own deal.
The primary difference between the two is that rent to own takes longer than buying, which is the advantage of rent to own. It gives buyers time to get their finances in order to buy a home while not getting trapped into a lease term.
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
Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
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