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Rent vs Buy in Lee County : Real Estate Advice

  • All26
  • Local Info1
  • Home Buying12
  • Home Selling0
  • Market Conditions2

Activity 12
Thu Aug 11, 2016
Angelica P answered:
Hi,

At this time, unfortunately, we currently do not have listings for rent to own homes. You may try your luck though and search our website using the Keyword section of the search filter which can be found in the All Filters button. However, these listings are extremely rare.

Please follow these steps to begin your home search:

1. Click the "Rent' tab at the top of our homepage.
2. Enter your desired city and state in the search bar and hit Enter.
3. Click 'Max Price' to select what your highest price would be to pay for a home. Click 'Min Price' to set the lowest price you would pay.
4. Click 'More Filters'.
5. Select your preferred property type, square footage, etc.
6. Click the red 'Apply' button.

This will begin to pull up listings that are more tailored to what you are looking for.

If you are interested in a listing, click on the "Contact the agent" button to get in touch with a real estate professional in your area. You can also take advantage of our vast network of agents here:

http://www.trulia.com/directory/

We hope your experience with Trulia is memorable and thank you for using Trulia for all your real estate needs.


For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/


Angelica
Consumer Care Advocate
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0 votes 1 answer Share Flag
Thu Jun 12, 2014
Harold Lear answered:
We have a lease option program we call it Mortgage Alternative Program... This is how ours works...Minimum fico 500, 50% Debt to Income Ratio, 5% to 10% down, determined by your credit score... You find a home up to $2,000,000 that you would like to purchase... We will purchase that home for Cash... The lease payment is based on a 5% interest rate... You will have 6 years to exercise your option to purchase... The purchase price will increase 1% per year... We have a website that has a PowerPoint presentation that will give you all the details. www.shortsaleanalytics.com look under services.
or you can reach me at 858-945-1047.
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0 votes 2 answers Share Flag
Sat Jun 29, 2013
Marc Comisar answered:
Slim pickings.....

http://www.esteropropertysearch.com/idx/city/fort-myers/
0 votes 3 answers Share Flag
Sat Jan 14, 2012
Joe Opaskar answered:
I own a furnished condo in Cobblestone-on-the-lake. If you are interested, please contact:
Beverly A. Parys, ARM®, Accredited Residential Manager, Rossman Realty Property Management LLC,
1104 SE 46th Lane #2, Cape Coral, FL 33904, Email: beverlyp@rossmanrealty.com, p: (239) 443-1329, f: (239) 333-0081, c: (239) 677-7451, toll free: 866-553-1091, www.rossmanrealty.com. Thx, JEO
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0 votes 4 answers Share Flag
Tue Oct 11, 2011
Tom Waddell answered:
Lease option a good idea nowadays? It depends most of all on the market. I happen to think it's a fabulous idea right now if you are a local resident in a resort, vacation or tourist-driven region. In many of these second and investment home markets... there's a glut of investor/owners who speculated at the top of the market. Many of these owners might be happier finding long-term renter or leasing, as an alternative to short-selling or foreclosure, until the market comes back. And if you're a younger buyer just starting out, renting to own is a great way to get your foot in the door. Also for retirees, renting a while in this uncertain economy can give a measure of comfort until things settle before committing precious retirement assets into the property. ... more
0 votes 9 answers Share Flag
Mon Oct 10, 2011
Edward Humbert answered:
Jill,
At present, is the best time to buy. Interest rates and prices are at there lowest level in decades.
Many rentals are also available, as we are in the early part of season, you would be at an advantage with an annual rental. Zip Code 33966, comprises one of the best area's of Fort Myers, with single family and mayn condo's, along with gated and non gated communities.
Please Give me a call at 239-464-9855 and we can discuss your particulars and find the property for you.
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0 votes 5 answers Share Flag
Fri Feb 18, 2011
Michele Turns answered:
Michigan Ave is NOT one of the better places to own property. The potential renters would probably have to be section 8...
0 votes 6 answers Share Flag
Mon Oct 18, 2010
AJ Ackerman answered:
Hi Kip

You are all set! I sent you an email with the information you desire and an automatic update for future properties.
It was great to chat with you on the phone. Hope you found the information helpful!

Have a Beautiful Day!

A.J. Ackerman
239-565-7867
www.ackermanswfl.com
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0 votes 4 answers Share Flag
Tue Sep 28, 2010
Sarah Garrett answered:
Hi Curly,
Thanks for the opportunity to help you find a new home here. Please look at the link below and let me know how you like this 2 bedrm 2 bath unit. I have dozens of other that are in price ranges all around that one too. Look forward to assisting you. You may use this site to help you search as well. www.swfloridahomebuyer.listingbook.com

Sarah Garrett, Realtor
ALLIANCE REALTY GROUP
"Chosen Best in Client Satisfaction 2006-2010" by Gulfshore Life Magazine
Cell: 239-464-8620
Email:sarahgarrett@argfl.com
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0 votes 4 answers Share Flag
Sun Jan 18, 2009
Kelly Bkk answered:
From the last poster (clearly a real estate guy):

""Let's take this scenario for example: let's say you're paying $2000 a month rent here in New York and you stay here for 5 more years. That's $24,000 a year in the toilet or $120,000 over 5 years."

OK -- now for the real math.

Paying $2,000 a month for 30 years at 6% yields a "present value" (price of the house that these payments could support) of $333,588. Assuming NO downpayment, At the end of five years (to be consistent with the example above), you will have paid $97,000 in interest and paid down $23,000 in principal. Assuming nothing has changed in the market, you will have $23,000 in equity in the house. Well, that's something, I suppose. But you will have thrown $97,000 out the window in interest payments. Of course, if you then tried to sell the house for what you paid ($333,588), you will pay a 6.0% commission ($20,015), leaving you with all of $3,000 in net "equity" to put into your pocket. Big whoop. For that $3,000, built up over 5 years, you have locked yourself into a mortgage, into a location, and lost all flexibility of change of job or change of geography. What if prices go down? Opps . . . . that $3,000 doesn't look very good after all now, does it.

Renters may be throwing their money out the window in rent payments, but house owners do the very same thing for a very long time as well -- only in their case its called "interest" on the debt they've taken on.
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0 votes 4 answers Share Flag
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