Tampa

Tampa

Browse Rent To Own Homes in Tampa, FL
Are you looking for a rent to own house in Tampa? If so, then browse the featured listings on this page, or signup to access our complete guide and listings for all lease to own properties in the Tampa area.

Featured Rent To Buy Houses in Tampa, Florida
Browse the following featured properties in the Tampa, Florida area, or click the link on this page to get access to the complete listings for Tampa rent to own houses.

How Rent To Own Real Estate Works
Also known as a lease option, rent to buy homes are a type of owner financing tor real estate properties.

While the terms of the agreements can vary from house to house, the typical scenario is one in which the owner is looking to sell the property but is willing to accept payment over a period of time, rather than an up front settlement.

In this case, the buyer and seller both agree on the selling price of the home, and the terms of the purchase agreement, specifying things such as payment terms, interest, and length of the agreement.

Usually, owner-financed properties are paid off much sooner than a traditional bank mortgage, but by allowing the renter time to accrue equity in the house, the renter can often roll over that equity into a traditional mortgage after 1-3 years, if the need arises.

Every month the renter/buyer makes a payment to the seller. Typically, part of this payment is credited as rent, while a second part is credited towards the interest on the loan and/or equity in the home. Over time, the renter can then buy out the seller, even if the renter didn’t originally have a large downpayment or the credit needed to qualify for a traditional mortgage.

Tampa Lease Purchase Homes and Houses
While there are many advantages to lease option, or lease to purchase homes, one of the main difficulties can be in locating the currently available properties.

Many rent to own listings are never uploaded to national or local databases, since it is common for sellers to work independently and not go through a real estate agent for these transactions. It is also common for sellers of owner financed, rent to buy properties to sell their homes casually, meaning that they are interested in selling, but are in no hurry to do so, meaning the listings are not widely publicized.

To find the full list of rent to buy properties in your area, you need to sign up for a dedicated listing service, which works to identify all of the relevant opportunities within your target geographical area.

Without a reputable listing agency, finding these properties can be extremely difficult!

Sign up below to get access to one of the most comprehensive rent to own listing services in the country.

Listings for Rent To Buy Properties in Tampa, Florida
Tampa, Florida, USA downtown skyline on the Hillsborough River.

Whether you’re thinking about moving to Florida or already live there and are looking for a new home, then you might want to consider Tampa.

Tampa, Florida is consistently ranked as one of the best cities in the country for it’s easy going lifestyle and relatively low cost of living, compared to the larger metro-areas like Orlando or Miami. Especially since many people move down to Florida from more expensive cities like New York, DC, or Chicago, Tampa will definitely feel like a steal, both in terms of the price of real estate and the everyday cost of living.

One of the best parts about moving to Tampa is that there are a wide variety of options you can choose from when picking your home. Whether you prefer to have something that’s waterfront or inland, an apartment, condo, or house, there’s the right fit for you.

If you do like living on the water, then the wide canal network that stretches across Tampa will definitely be a huge appeal, as there are plenty of waterfront options to consider, which also means that these houses are more affordable than you might think, and you can probably even find seller-financing to help you with your purchase if you need it.

In fact, rent to own homes in Tampa, FL are a major part of the housing market, and since they’re perfect for people who don’t want to put down a large deposit or who can’t qualify for a loan from a bank, then it means there are lots of great opportunities out there for you to find.

If you are looking for a rent to buy home in the Tampa area, then there are just a few simple steps you need to follow in order to find the house you’re looking for.

The first and most important step is to familiarize yourself with the rent to own process, and start browsing the listings for your area. You can find a number of great online listings providers that compile all of the lease option properties that are on the market, and keep them in a current, up to date list for you to easily access.

This beats out working with a realtor, since many real estate agents aren’t as familiar with owner-financed properties as they are with people who list their homes directly with a real estate agency. Since rent to own homes tend to be for sale by owner, accessing the listings online puts you at an advantage, giving you more potential properties to look at. It also means that you’ll save a significant amount in closing costs, when you do find the house that’s right for you.

I hope you consider looking for a rent to own home in Tampa. It’s a wonderful city with great weather year round, and with seller-financed options available you’ll easily be able to find a house you can afford and enjoy for years to come.