Rent to Own Homes in Arlington
Even though it’s not a part of the capital district today, Arlington is still home to many landmarks of historical and political significance. Arlington House is a memorial for confederate general Robert E. Lee, and Arlington National Cemetery is perhaps the most heavily visited cemetery in the United States. The city is located across the Potomac River from Washington D.C., so all museums and landmarks in the capital district are easily accessible for residents.
For those interested in living an active lifestyle, the Mt. Vernon Trail is one of the most popular areas for outdoor recreation in Arlington. The trail runs from Mt. Vernon to Washington D.C. The portion running through Arlington is often used by runners and bikers seeking outdoor exercise.The combination of historical attractions and beautiful landscapes make this city a popular residential area for anyone working in Virginia or D.C.
Buying a Home in Arlington?
One of the advantages to living in or around Washington D.C. is that you have the option of living comfortably without a personal vehicle. Many Arlington residents work in D.C. and depend on public transportation to get to work and run errands, and unlike many big cities today, Arlington's public transportation system is carefully designed and dependable. While you can take a bus and/or the Metro to D.C. from most areas of the city, it's easier to do so from the northern regions. The further south you venture, the more difficult it becomes to depend solely on public transportation.
Popular Neighborhoods in Arlington?
Arlington Ridge and Aurora Highlands are located so close together that they’re often thought of as one larger neighborhood. They both feature tree-lined streets within walking distance of the Pentagon and a mix of older and newer homes. With close proximity to the Army Navy Country Club and many upscale shopping boutiques, these neighborhoods attract more affluent home buyers. This is one of the safest Arlington areas and the views are spectacular if you find a home on “the Ridge.”
If you have a multimillion-dollar housing budget and want to live in one of the most exclusive neighborhoods in Arlington, look at homes hitting the market in Langley Forest. This is a small community located on Georgetown Pike, and it includes some of the largest, most picturesque homes in the city. Residents enjoy access to a members-only swim and tennis club plus real estate that feels removed from the city while remaining close to CIA headquarters and other big-city attractions.
Buying vs. Rent to Own Homes?
The real estate market in Arlington is intimidating, especially if you’re interested in property located in one of the more affluent neighborhoods. If you aren’t up for a bidding war or aren’t ready to take out a loan right now, you don’t have to put off your dream of owning a home. You can look for rent-to-own properties that allow you to move in now and buy later.
The terms of this type of agreement vary, but the general idea is that you get to rent your home before officially taking out a loan to purchase the property. You will have a date by which you must do so if you want to continue living in the home, but the rental period allows you time to prepare for home ownership.
Cost of Living in Arlington?
While most expenses in Arlington are slightly above national averages, housing expenses are two to three times the national average. Even though you can find affordable food, clothing and other goods as well as reasonably-priced services throughout the city, housing expenses are high enough to demand a much larger budget than you would need to live in most other cities throughout the United States. This is the reason many Arlington residents live with roommates and choose to use public transportation rather than owning a private vehicle.
The cost of housing in Arlington is far above the national average, but there are many perks that attract new residents to the city regardless of what they must pay for a home. This is one of the few places where you can comfortably live without a personal vehicle, and residents are always within a short commute of Washington D.C. Outdoor attractions include the scenic Mt. Vernon Trail and a long list of national monuments and historical landmarks. If you want to immerse yourself in history and politics, you can’t beat a home in Arlington.
Summary
The cost of housing in Arlington is far above the national average, but there are many perks that attract new residents to the city regardless of what they must pay for a home. This is one of the few places where you can comfortably live without a personal vehicle, and residents are always within a short commute of Washington D.C. Outdoor attractions include the scenic Mt. Vernon Trail and a long list of national monuments and historical landmarks. If you want to immerse yourself in history and politics, you can’t beat a home in Arlington.
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
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
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