Renting to own a Florida home has many advantages

Author: Florida Mortgage

Author: Florida Mortgage

Advantages of Renting to own a Florida home. http://www.flarenttoown.com/ Minimum Cash Out of Pocket: When you purchase a Florida home conventionally, you must pay at least 5% down plus closing costs and prepaid. When you secure a rent to own home, you only pay first month's rent and a small option deposit. This will save you between 22% and 80% every time you buy a Florida home. Frequently No Down Payment at Closing: Since you have given the seller an option deposit and you have been receiving monthly rent credits towards the purchase of the Florida home, there will frequently be very little or nothing left to pay for a down payment at closing. Option Consideration is Credited Towards the Purchase of the Florida Home: When you sign a Rent to own contract, you will pay the seller an option deposit. This money is your vested interest in the home and will be fully (100%) credited to you when you buy the Florida home. Profits from Appreciation: Since the sales price is locked in before closing (as specified in your rent to own agreement), any increase in property value will mean that your equity (what you owe minus what it's worth) is increasing in the Florida home . Possible Assignment (Sale) of Contract for a Profit: If you are allowed to assign your rent to own contract (it will be in your agreement), you may assign it (sell it) to a third party for a profit Faster Equity Growth: Equity accumulates much faster ( when you Rent to own a Florida home your equity growth is five times or more than renting. No Taxes, Less Liability: Since you do not own the Florida home ,you will not have to pay property taxes and your liability exposure will be dramatically reduced. Quick Move In Time: You can typically take possession of the Florida home in less than one week instead of conventional move in times of one to three months after your offer was accepted. Maximum Leverage: You are spending very little (or no) money to control a very expensive, and very profitable Florida home.. Time: Before you actually buy the Florida home, you will have 6-24 months (depending on your agreement) to repair your credit, find the best interest rates, investigate the Florida home and research the neighborhood and/or schools. Minimal Maintenance: Large maintenance problems or any maintenance problems that exceed a certain amount of money are delegated to the seller. Privacy: Your name will not be on the deed until you exercise your option Rent to own the Florida home.. Rent Money is Working Toward the Purchase of the Florida Home: Every month a portion of your rent to own payment (typically $100-$500, depending on the Florida home is credited towards your down payment or off of the sales price. Increased Buying Power: When you buy a rent to own Florida home, you can put down as little as first month's rent and a $1 option deposit . Bad Credit is Okay: Qualification restrictions simply do not exist. You will be approved for aRent to own home in FLoridaat the sole discretion of the seller. No Lengthy Escrows or Mortgage Approvals: Your approval will be based solely at the discretion of the seller instead of a Florida rent to own lenderwho can take up to a month (or longer) to render a decision. Control of the Florida Home: You will be put in full legal control of the Florida home for a specified period of time without actually having to own it. www.FLArentTOown.com">www.FLArentTOown.comAbout the Author:

http://www.flarenttoown.com/,

http://www.fhamortgageprograms.com/florida/Miami-Beach/

http://www.fhamortgageprograms.com/florida/N-Ft-Myers/

http://www.fhamortgageprograms.com/florida/N-Miami-Beach/

http://www.fhamortgageprograms.com/florida/Naples/

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Renting to own a Florida home has many advantages

Author: Florida Mortgage

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