Rent to Own Homes in Arizona City
Arizona City is a census-designated place located just off Interstate 10 in southern Arizona. The area is approximately 58 miles south of Phoenix, 60 miles north of Tucson and 68 miles east of Gila Bend. Some of the region's biggest attractions include the Arizona City Golf Club, Arizona City Community Library, Shamrock Farms, Caywood Farms, Rooster Cogburn Ostrich Ranch and the Red Hills Visitor Center. Most of these attractions plus many more are located in communities surrounding Arizona City, and there are even more opportunities for fun in Tucson and Phoenix. The commute to these larger cities is approximately one hour without heavy traffic.The below results are primarily rent to own homes in :
Arizona City is a census-designated place located just off Interstate 10 in southern Arizona. The area is approximately 58 miles south of Phoenix, 60 miles north of Tucson and 68 miles east of Gila Bend. Some of the region's biggest attractions include the Arizona City Golf Club, Arizona City Community Library, Shamrock Farms, Caywood Farms, Rooster Cogburn Ostrich Ranch and the Red Hills Visitor Center. Most of these attractions plus many more are located in communities surrounding Arizona City, and there are even more opportunities for fun in Tucson and Phoenix. The commute to these larger cities is approximately one hour without heavy traffic.The below results are primarily rent to own homes in :
This census-designated place was created in 1959 as a small Santa Cruz Valley townsite and is now home to more than 10,000 residents. While there is support for the incorporation of the area, those efforts are always defeated at voting time. Historically, this area of Arizona was well known as the location for more than 200 Corona Satellite Calibration Targets to support the Corona Satellite Program. Most targets have been removed, but one remains standing on Arizona City's Sunland Gin Road. Arizona City Elementary School is the only public school located within the limits of Arizona City. Students from this elementary school usually attend middle and high schools in nearby Casa Grande, including Casa Grande Union High and Casa Grande High.
Buying vs. Rent to Own Homes
The difference between buying a home and signing up for a lease-option depends on your timeframe and how much money you spend on buying the house.
When you buy a house outright, you pay for the fair market value of the home plus interest and other fees charged by your financial lender, if you have one. You buy the property today and immediately start building equity in it.
However, when you rent to own, you won’t own the home until you close on the property, which could be as far as three years from today. You’ll also pay rent monthly, and you don’t get that money back.
There are some fees that you pay for rent to own that you’ll get back as a credit towards the price of your home, like option fees and rent credits. These count as equity on the home, but they’re not on the scale of equity you would build with a mortgage. Therefore, these don’t add anything on to the price you pay for the home the way that rent does.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
Find properties near me with Rent to Own Labs.
- 85223
- 85123