Rent to own
Home Partners of America has a rent-to-own program that allows qualified renters to shop for houses among those listed for sale on the market. Then renters select their choice, and the deep-pocket Home Partners group purchases it for them, giving them five years of rent certainty with an option to buy it.
"You're essentially buying it, but you're not providing upfront funds to purchase it," The program allows you to live in a well-located, "nice" house that you can purchase in the future.
Unlike traditional rent-to-own programs, Home Partners does not apply rental payments to the purchase price. Tenants must pay two months' rent as a deposit. Rent increases are capped at 3.75 percent annually, and the purchase price increases at a 5 percent annually compounded rate above the total acquisition cost.
If the company's total investment in an Orlando-area house is $200,000, residents can purchase the home during the first year for $210,000.
Bankrolled with $800 million, Home Partners of America vets renters, home conditions, school districts and neighborhoods before purchasing anything.
Tenants can opt out at the end of the lease, or exercise their right to purchase at a pre determined price.
Sanford Downtown Marina and Riverwalk.
Please Don't Shoot Me !
17/92 Bridge with Boattree Marina (Sanford) on left and the Debary power plant on the right.
Sunrail commuter train crossing the St. Johns River.
Debary is the northern terminus for light rail and for a few dollars you can ride to Orlando to attend world class venues including the new Performing Arts Center, Orlando City Soccer, or watch the Orlando Magic at the new arena. The current expansion of Orlando International Airport will include a light rail station.
The Florida coast to coast bicycle trail will be completed next year and will connect Titusville on the east coast to St Petersburg on the gulf coast. This trail will connect to the Cross Seminole Trail and connect Sanford, Lake Mary, Heathrow, and Altamonte Springs before entering north Orange County. We will also have a spur named the spring to spring trail connecting downtown Sanford to Gemini Springs in Debary, Blue Springs State Park in Orange City, and Deleon Springs State Park just north of Deland.