Rent vs Buy in Orange Park>Question Details

Dale, Other/Just Looking in Orange Park, FL

I am moving from pensacola and wish to rent to own a home,prefarably in oakleaf area. but definately in

Asked by Dale, Orange Park, FL Mon May 11, 2009

Orange Park. I could rent on a shert term basis while searching for a homel

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2
Dale,

Your situation is not uncommon. Many people prefer to rent for a while before committing to purchase a home in a new town. Renting gives you the opportunity to check out the community, understand the traffic patterns, investigate schools, etc then make a good decision about where you want to buy a home.

I did a quick check of Oakleaf Plantation and there are condos and homes available ranging from $900/month to $1800/month. I've helped other people find rental properties this year in Oakleaf Plantation, so if you need assistance please give me a call.

One thing to consider when thinking about renting vs. buying, if you are a first time home buyer that hasn't had your name on the deed to a home in the past three years, you may qualify for the $8000 first time home buyer credit being offered as part of the latest stimulus package. In order to qualify you must close on a home prior to 12/01/2009. So if you want to buy in the near future and qualify for this credit, you may want to rethink your decision to rent.

Let me know how I can help.

Scott Sullivan
Realtor
Prudential Network Realty
3535 Highway 17, Suite 10
Fleming Island, FL 32003

C: 904-327-5676
O: 904-269-1716
Scott.Sullivan@PrudentialNetworkRealty.com
0 votes Thank Flag Link Wed May 13, 2009
Good Morning,


Rentals are available. 7 months is the shortest period, to avoid the state sales tax. So rent for 7 months.

Rent to own, never seen it happen. It requires three things: P&S with the sales price defined, Lease agreement, deposite (usually 10K, and none refundable).

Let me know if I can help.

Regards,
Blaine Rabe

904-874-0814
Web Reference: http://www.blainerabe.com
0 votes Thank Flag Link Tue May 12, 2009
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