Port Orange News : Lease Purchase !!

What is a Lease Purchase Option?
If a Seller has a home sitting vacant on the market, and they want to get a certain dollar amount out of a house, they have only a few options:
    1-- They can rent the home and wait for the market to improve. This can be risky. If they are paying two mortgages, and a renter walks away, they have a small deposit to cover them. If the renter quits paying, they have to follow rules for eviction. Then get another renter. If they fall behind on payments, foreclosure proceedings get started.
    2-- They can do a short sale. This can hurt their credit. If they are not already in another home, it could make it difficult to rent or buy.
    3-- They could let it go into foreclosure. This will really hurt their credit. ... For a long time.
    4-- They can do a Lease Purchase .

This is what a Lease Purchase entails:
    1-- They list their home on the market with Lease Option Available.
    2-- A potential Buyer puts in a contract to purchase a year later.
    3-- A lease option is drawn up by an attorney.
    4-- Usually a sizable NON-REFUNDABLE deposit is requested. The deposit is the only money applied towards purchase, monthly lease payment does not.
    5-- At the end of Lease period, the buyer should close on property.

During the Lease Purchase Term, the home owner must keep up with Mortgage payments , HOA if required, Taxes, and home insurance. The buyer now bears responsibility for the property itself and is required to get insurance for their contents.

If you hare considering a Lease Purchase, make sure you understand the lease and the responsibilities.

We have a beautiful Home in Summer Trees of Port Orange with a Lease Option Available!!
Feel free to use our Subdivision Search and keep track of the home prices in your neighborhood.

Port Orange Real Estate: 4 Bed2-1/2 Bth IN-LAW Skylake Home!

This is a Beautiful Home in the SKYLAKE Subdivision in Port Orange. Features a Fenced Parklike Backyard , Formal Living Areas, Split Plan, Master Downstairs could be IN-LAW Suite, Bedroom2 upstairs is big enough to be 2nd Master,  and more... To get more Info and see more photos of this home, Follow THIS LINK . Feel free to use our Website to look for homes with NO SIGNING IN. Follow this link to Visit our PORT ORANGE HOME PAGE.

Port Orange Real Estate: 3 Bed 2 Bath Pool Home for $199K !!!

This is a Beautiful Pool Home in the SKYLAKE Subdivision in Port Orange. Features a Large Fenced Backyard with Unscreened In-Ground Pool, Formal Living Areas, Split Plan, Fireplace,  and more... To get more Info and see more photos of this home, Follow THIS LINK . Feel free to use our Website to look for homes with NO SIGNING IN.   Follow this link to Visit our PORT ORANGE HOME PAGE.

Pool Home in Port Orange for $239K !!!

A Beautiful day like today is perfect for this home!  A large backyard with room to play, a pool and deck area for soaking in the rays, and a cozy sitting area with firepit to Warm up the Night. For more information on this home follow this link,  POOL HOME .   For all homes available in this neighborhood,  use our SUBDIVISION SEARCH .  You can also see more General area information on the PORT ORANGE page of our Website.