Rent to Own Homes in Beaverton
The below results are primarily rent to own homes in Washington County, OR:
If you enjoy spending time in the great outdoors and want to live in northeastern Oregon, you can’t go wrong by buying a home in Beaverton. This city is located less than 10 miles from downtown Portland, and there are many outdoor recreational areas within Beaverton city limits. This includes the Tualatin Hills Nature Park, Copper Mountain Nature Park and Hyland Forest Park. There are also a variety of wineries and vineyards in Beaverton city, and the Oregon Zoo is a short drive away. This makes the city a pleasant place for families ready to settle down and raise children with wholesome values.
The Beaverton City Council works hard to develop the economic foundation of the city, and their efforts have paid off over the years. This city is a major economic hub for Washington County, and residents have access to jobs in a variety of industries. Children of all ages are served by the Beaverton School District, and the Beaverton Transit Center makes it easy to get around town even if you don’t own a personal vehicle. Bus, light rail and commuter rail stations are available throughout town, and the city is also home to the Beaverton Central MAX Light Rail stop.
Buying a Home in Beaverton
While the median listing price in Beaverton is often close to $400,000, the median sales price is typically much closer to $320,000. It’s common for buyers to pay around $200 per square foot, but you can find more affordable homes in select neighborhoods. There are also some luxury homes that sell for significantly more, but they’re located in premier communities and offer upscale amenities. It’s common for sellers to receive up to four offers before they strike a deal and commit to a sale, so you may need to prepare for a potential bidding war. Most buyers pay around 15 percent as a down payment, but there are assistance programs that can help you cover that expense.
Popular Neighborhoods in Beaverton
Are you looking for a family-friendly neighborhood that offers beautiful landscaping, recreational facilities and access to some of Beaverton’s best schools? You can find all of that and more in the popular Five Oaks neighborhood. This is a large community positioned south of Sunset Highway, so it’s ideal for residents commuting to Portland or other surrounding cities. There are multiple parks in the area, including a nearby skate park and sports fields. There are many homes that sell for less than $150,000 here, but you’ll also find more luxurious homes that can sell for up to $500,000. If you prefer to live close to restaurants, shopping centers and retail stores, check out the Cedar Hills neighborhood.
Buying vs. Rent to Own Homes
There are many affordable homes on the market in Beaverton right now, but you are required to secure preapproval or prequalification before most realtors will invest time showing you those properties. If you aren’t ready to submit to the intense application process, you can slow it down by looking for Beaverton rent-to-own properties. While you will originally move in as a renter, you’ll have the opportunity to purchase the home at any point before your contract expires. Not only does this ensure that you have the option to become a homeowner, but it prevents other buyers from making an offer on the home that you love.
Cost of Living in Beaverton
While the cost of living in Beaverton can go up to 30 percent above the national average, it is possible to live in this city without an extreme budget. The housing market is what contributes the most to the high cost of living, so you can control your expenses by selecting a home that fits within your budget. The housing index is often 60-80 percent higher than national average, so it will take some careful shopping to find homes that fit your budget. Prices for groceries and other goods are more in line with national averages, and many residents pay lower-than-average prices for utilities.
Beaverton is a mid-sized city located approximately 10 miles from downtown Portland in northeastern Oregon. While the cost of housing is substantially higher than the national average, there are many family-friendly neighborhoods that offer reasonable real estate prices plus access to high-quality public schools. Many of these communities also include parks, playgrounds, walking trails and other amenities that make everyday life more enjoyable. Many residents live in Beaverton while commuting to Portland for work because they prefer the suburban lifestyle offered by the smaller town.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
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.