Rent to Own Homes in Weston
The city of Weston is tucked along the eastern edge of the Everglades Wildlife Management Area in southern Florida. The Everglades Parkway toll road serves as the northern border for the area, and the western region of the city extends into the mountains.
This is a cozy community with many golf clubs and community parks, and residents enjoy easy access to multiple highways for travel. Fort Lauderdale and other coastal towns are easily reached in under an hour, allowing residents to enjoy fun days at the beach while living close to a series of bike trails that wind through town and into picturesque mountain ranges.
Weston prides itself on accommodating bicycles, and many residents appreciate that they don’t have to rely entirely on private transportation. The city is positioned on the western end of Broward County and falls within the Miami Metropolitan Area. Residents have a higher-than-average income when compared to other cities of similar size, but the cost of living remains affordable. Many residents are attracted to the area because of the beautiful landscapes and the active lifestyle that the city promotes.
The focus on health and outdoor recreation also extends to community sports leagues, which are organized through the Weston Sports Alliance. The community rallies behind local sports teams like the Weston Warriors and the Weston Rattlers, bringing exciting games to the community throughout the year. One of the most popular areas for shopping and dining is the Weston Town Center, which is home to Weston Jewelers and a variety of other businesses.
Buying a Home in Weston
Many buyers will pay around $200 per square foot for homes in Weston, and the median real estate price is often over $500,000. The median sales price is often around $400,000, so it is possible to secure desirable properties in this city without paying full listing price. Homes in the more prestigious neighborhoods with the best window views and amenities can sell for $1 million or more, so it’s important to work with a realtor who understands the price ranges featured in various Weston communities.
Popular Neighborhoods in Weston
Weston is home to many gated communities that offer premium amenities and beautiful landscapes. If you’re interested in waterfront property, look to Windmill Reserve. The neighborhood spans nearly 140 acres and allows you to design your dream home in one of the most scenic Weston communities. Homes may sell for as little as $700,000 here, but most are over $1 million. Windmill Ranch Estates is a similar gated community with lakeside homes.
For more affordable real estate prices, head to the western edge of the city to a neighborhood known as Andytown. It’s positioned north of route 818 and west of South Post Road and Glades Parkway. The median real estate price here is around $500,000, and a large percentage of the homes were built after the year 2000. The vacancy rate is typically around 10 percent in this community, so you can often find homes for sale.
Buying vs. Rent to Own Homes
Why rent a home that you can never make your own when there are rent-to-own homes in Weston? If you haven’t heard about this alternative to the traditional home-buying process, these properties are your ticket to home ownership. You start out as a renter, but you have the right to purchase the property at a specified price before the end of your contract.
Other buyers are blocked from placing offers on the property during your rental period, so you will end up a home owner if you follow through with the purchase before the designated date. If you need more time to secure a mortgage loan but don’t want to move into a temporary rental home or apartment, this is a good option to consider.
Cost of Living in Weston
While the cost of living in Florida is typically comparable to the national average, prices are a bit higher in Weston. The overall cost of living in this city is often 40 percent or more above average, and the cost of housing can more than double the national average at times. Most residents pay 10 percent or more above average for transportation even though the city promotes bike trails as an alternative to vehicles. You can also expect to pay slightly above-average prices for most goods and services purchased within city limits.
The city of Weston is tucked up next to the Everglades and offers residents the best of both worlds. They can bike or hike into the mountains or drive for less than an hour to reach the coastal beaches. They can work close to home or commute to Fort Lauderdale. The biggest attraction for the city is the healthy lifestyle that is promoted through a series of bike trails and community sports programs. While it’s not the cheapest city, it’s one of the best places to buy a home if you want to live in a cozy gated community that is safe and amenity rich.
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
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.