Rent to Own Homes in Anchorage
Getting around the remote and vast Alaska Anchorage area is made easier with the nearby Ted Stevens Anchorage International Airport. As the third largest airport in the world for transporting cargo, Stevens Anchorage International is an important part of Anchorage’s economy. The Port of Anchorage is also a key component to the economy and supply chain, the transit point of 95 percent of all Alaska-bound goods.
Buying a Home in Anchorage?
Home ownership in Anchorage can be expensive. The average price of a home in Anchorage is $355,355, which is a .99 percent decrease from 2014 prices. Condominiums are slightly more affordable at an average sales price of $208,973. Condo prices have stayed rather stable over the past year, increasing just 1.64 percent from 2014 to 2015 and 1.18 percent from 2013 to 2014. Foreclosures in Anchorage are low, especially compared to other U.S. cities, but house hunters may find slightly better deals with the city’s 280 homes currently in the foreclosure process. The median sale price of a foreclosed home here is $193,974.
Popular Neighborhoods in Anchorage?
Renters, recent college graduates and married couples delight in Downtown Anchorage’s sophisticated eateries, laid-back coffee houses, convenient public transportation and plentiful cultural attractions. Midtown also attracts young professionals, students and families to its universities, excellent restaurants and creek-side trails. More established professionals and families enjoy the older homes, golf course, zoo and abundant amenities of South Anchorage. Those looking for privacy, incredible views and luxury homes will find them in Cross View Estates in the Anchorage hills.
Buying vs. Rent to Own Homes?
With Anchorage’s pricey property values, breaking into the housing market can be tough. Whether you’re a first-time home buyer or a seasoned homeowner, rent-to-own home buying options may ease some of the stress of buying a home outright. With a rent-to-own arrangement, you’ll pay an option fee and negotiate a home sale price based on the current market. That can end up saving you thousands of dollars if home prices rise while you are renting to own the home. You’ll also likely pay a slightly higher-than-normal monthly rent, but that premium will be credited to the downpayment owed at the final point of purchase. This gives you the benefit of having a formal way to save for the downpayment.
Cost of Living in Anchorage?
Anchorage is a beautiful place to live, but residents pay for that privilege with higher living expenses. Locals can expect to pay about 43 percent more for all of life’s essentials than the average American, with housing the highest expense at 86 percent above the average. Utilities come closest to the norm, just 1 percent more expensive than in other areas of the U.S. Transportation, groceries and healthcare are 8, 31.6 and 40 percent higher than the country’s average cost of living.
Anchorage is blessed with one of the most beautiful and unique landscapes in the country, and its residents are devoted to the Anchorage lifestyle. Homes are fairly expensive here, but they are spread throughout the region in comfortable and inviting neighborhoods that range from downtown charm to exclusive hilltop estates. As a result of the higher housing prices, Anchorage’s overall cost of living is also well above the national average.
Summary
Anchorage is blessed with one of the most beautiful and unique landscapes in the country, and its residents are devoted to the Anchorage lifestyle. Homes are fairly expensive here, but they are spread throughout the region in comfortable and inviting neighborhoods that range from downtown charm to exclusive hilltop estates. As a result of the higher housing prices, Anchorage’s overall cost of living is also well above the national average.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
About Our Listings
When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.
- 99504
- 99507
- 99508
- 99502
- 99515
- 99516
- 99517
- 99503
- 99501
- 99518
- 99506
- 99505
- 99511
- 99524
- 99509
- 99523
- 99514
- 99522
- 99520
- 99521
- 99510
- 99519
- 99695
- 99599
- 99540