Rent to Own Homes in Winter Haven
The Winter Haven area has a population of almost 38,000 people. Roughly half of the residents are married couples with no children under the age of 18 in the home. Winter Haven appeals to retirees and older individuals, but the city does have a thriving community of single adults. There are four historic districts in the city, the most prominent of which is Winter Haven Heights.The below results are primarily rent to own homes in Polk County, FL:
The Winter Haven area has a population of almost 38,000 people. Roughly half of the residents are married couples with no children under the age of 18 in the home. Winter Haven appeals to retirees and older individuals, but the city does have a thriving community of single adults. There are four historic districts in the city, the most prominent of which is Winter Haven Heights.The below results are primarily rent to own homes in Polk County, FL:
Popular local attractions include the nearby Cypress Gardens which became famous for its popular water skiing exhibitions. The Winter Haven lakes are still an integral part of the sport of water skiing, and 10 former residents of this Florida community have been inducted into the Water Ski Hall of Fame. Notable institutions include Winter Haven Hospital, a top-tier provider of healthcare services, and Gilbert Airport.
Buying a Home in Winter Haven?
Despite its retirement atmosphere, homes in Winter Haven tend to be less expensive than the national average. The median home price is slightly above $100,000 with the average mortgage coming in at $1,200 per month. In contrast, the average rental in Winter Haven costs $811. This makes purchasing a home an attractive option.
Homes in Winter Haven tend to be overwhelmingly modern, with almost 90% having been constructed after 1990. Because Winter Haven appeals to a large number of retired couples that no longer have children, more than half of the homes in Winter Haven have less than three bedrooms.
Popular Neighborhoods in Winter Haven?
The Cypress Gardens neighborhood in the middle of Winter Haven is one of the more elegant, upscale communities of the city. Homes in this neighborhood have a median value of $243,000 and are predominantly owned by married couples between the ages of 45 and 64. This neighborhood is quiet, walkable, and one of the safest in the city. Overall, crime rates in all Winter Haven neighborhoods tend to be among the lowest in Florida. Those searching for more affordable housing might prefer the City Center neighborhood on Winter Haven's east side.
Buying vs. Rent to Own Homes?
Individuals that would like to own a home in Winter Haven but are concerned about their ability to pre-qualify for traditional financing might want to consider the possibility of a rent to own home. Like a standard rental in most aspects, a rent to own home differs in that it gives individuals a viable path to ownership simply by paying their monthly rent. In many cases the purchase of a rent to own home can also take less time than it takes to pay off a mortgage.
Cost of Living in Winter Haven?
Despite its reputation as a tourist mecca, the cost of living in Winter Haven is 11% lower than both the national and Florida indexes. Remarkably, the cost of housing in Winter Haven is 34% lower than it is across the United States as a whole. While groceries and goods and services tend to cost more in Winter Haven than they do in other areas of Florida, there are savings to be had on utilities and healthcare.
Those searching for their own piece of paradise will find Winter Haven to be one of the most attractive locales in all of Florida. With housing prices that are among the lowest in the nation, this beautiful city offers a wide variety of outdoor sporting activities on any of its 50 lakes. The crime rate in Winter Haven is one of the lowest in Florida. Both retirees and young couples alike will find this city to be an energetic, hip community that serves up the best of Florida.
Summary
Those searching for their own piece of paradise will find Winter Haven to be one of the most attractive locales in all of Florida. With housing prices that are among the lowest in the nation, this beautiful city offers a wide variety of outdoor sporting activities on any of its 50 lakes. The crime rate in Winter Haven is one of the lowest in Florida. Both retirees and young couples alike will find this city to be an energetic, hip community that serves up the best of Florida.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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