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With ZeroDown, you’ll have a three-year window where you can enjoy all the benefits of homeownership, with all the flexibility of renting. Signup to get full property details including street address, contact information, pricing and nearby comparison sales. Sign up to get full property details including street address, contact information, pricing and nearby comparison sales.
At ZeroDown, we make homeownership more accessible for more homebuyers regardless of what a mortgage lender is telling them today. Even if you aren’t mortgage-ready today, you may be eligible to qualify for ZeroDown’s rent-to-own program. Fort Lauderdale’s variety of housing options accommodates all ways of life. You’ll find apartment complexes (46%), 1-3 bedroom single-family homes (36%), small apartment buildings (12%), and townhomes (5.4%). 52% of the population owns their property while 49% rent (at around $1,820 per month).
Everything you need to know about ZeroDown
While you can change where you live frequently as a renter, you don’t have that luxury as a future owner. You want to make sure you exclusively look at homes where you plan to live for the long term. Even in a hot market, a homeowner might want to wait a few years before selling a property. If you search “rent-to-own homes near me” you may come up with dozens of results or only a few. This is because the housing market changes the likelihood that people will choose this option.
Some sellers are worried about a potential housing bubble bursting in the future, so they want to sell immediately. Finally, learn what kinds of modifications you can make to the property. The owner might not want you to make significant changes as long as they own the house – especially if you have a lease option and could walk away from the deal.
Rent-to-Own Homes in Fort Lauderdale, FL: What You Need to Know
There are a few basic steps you can take so you can easily find a home and enter an agreement with the owner. One of the easiest ways to hire a real estate agent that knows your area is to use UpNest, our pre-vetted agents are screened to make sure they are trustworthy and knowledgeable about your area. Learn about the Fort Lauderdale real estate market to understand who is buying and who is selling right now. Unlike a financed home purchase, ZeroDown buys homes with cash and a quick close. Because we buy homes with strong cash offers, we are able to negotiate the best price when shopping for your new home. Because the Purchase Credits are a percentage of your home’s purchase price, as the home’s purchase price grows, so does the value of your Purchase Credits.
You’ll fall in love with Victoria Park’s tree-lined streets and historic single-family homes. The walkable community has a calm and relaxed feel despite its location in the heart of the city. Local Events and Festivals Throughout the year, Fort Lauderdale hosts great events, festivals, and community charity opportunities. One of the first big events of the year is the Florida Renaissance Festival and Crafts Village. Held every year at Quiet Waters Park, the month-long festival is filled with jousting, medieval crafts, and food fit for a king.
Other Sales Types in FORT LAUDERDALE, FL
By finding a way to buy a home instead of renting you can save money and build equity quicker. This occurs when a potential buyer agrees to rent the home for a period of time before buying it from the homeowner. During this period, the buyer pays rent to bring down the overall cost to buy the house.
Fort Lauderdale locals celebrate their ethnic diversity through their rich cultural cuisine. Las Vegas Cuban Cuisine was granted Tripadvisor’s Travelers’ Choice Award in 2020 for its delectable dishes. At Kousine Peruvian Kitchen, you can savor a taste of Peru’s bold flavors.
Saving on these initial costs can help make owning a home cheaper from the start, thus alleviating the need for a Rent-to-Own agreement. While traditional mortgages require an immediate down payment that locks you into a year commitment, ZeroDown gives you a 3-year period to live in a home before you make a down payment. The home you’re renting will eventually be yours, so if you want to paint it, you can! You can even redo the floors, change the kitchen cabinets, and more.
This is an option if you have poor credit or you lack a downpayment on a property. If you can pay your rent on time each month and plan to stay in one place for several years, this could be good for you. In a seller’s market, fewer people are likely to list their properties as rent-to-own. This is because they can get competitive offers on their houses immediately and don’t have to manage the properties as landlords.
With a lease-option agreement, buying the house after your rental period is up is optional. However, you will likely forfeit any payments you made to the property. Even with VA loans and first-time homeowner programs, it can be hard to save for a downpayment and get pre-qualified for a mortgage. In a competitive housing market like Fort Lauderdale, many buyers are getting pushed out of bids because they can’t make full-cash offers. However, in a buyer’s market, when supply is high and demand is low, a homeowner might be more willing to accept renters if it means they will buy the house in a few years. The seller will be able to make some rental income and won’t have to worry about listing the property after the designated period.
The Humane Society of Broward County also holds an annual "Walk for the Animals" event that attracts thousands of dog lovers to take part in a hike through Fort Lauderdale's Huizenga Plaza. There are dozens of other local events, including the traditional Fourth of July celebration and the December holiday tree lighting. And don't forget about the Broward Beautiful Annual Reef Sweep & Beach Cleanup. Check out Fort Lauderdale, FL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
So if you're looking to buy or rent make sure you take the proper precautions. Finally, hire a Realtor who can help you search for “rent to own properties near me.” While a basic Google search can show you photos of homes, you want to be able to tour them in person. Your Realtor can schedule appointments for showings and walk you through the necessary paperwork. If you are ready to take a step toward homeownership in Fort Lauderdale, consider looking for rent-to-own properties to invest in.
Plus, if you decide you don’t want to buy the home you can always walk away and in some cases receive a portion of your accumulated Purchase Credits. Within Fort Lauderdale, FL, the median home sales price is $435,000. Some of the best cities around Fort Lauderdale are Dania, Hollywood, and Coral Springs. You should also consider properties located within these three zip codes — 33338, 33313, and if you are interested in a rent-to-own home. We have shared the sales price, contact information, square footage, number of bedrooms and baths, and lot size of all of our rent-to-own properties. Our members have access to tons of listing not featured on Realtor® and Zillow®, sign up today and become a part of our great community.
This could be good if you aren’t ready to sell your house now but you want to lock in a buyer. It can also help you bring in income in a slow market where it is hard to find qualified buyers. At UpNest, we carefully vet real estate agents and only allow the top performers to operate in our system. We also look for agents who specialize in unique markets, like the rent-to-own niche. UpNest is the perfect tool for saving on the initial costs of owning a home. By using UpNest to find an agent, and letting agents compete for your business you can save thousands of dollars on commission and agent fees.
In some cases, you may be required to buy your rent-to-own property after the lease is up. However, if you have a lease-option agreement you can walk away from the property — but you won’t get any money you put into it back. Some buyers may benefit from entering into a rent-to-own agreement.
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