Rent to Own Homes in Concord
Concord maintains its small-town character with the lively downtown Todos Santos Plaza. There, locals enjoy summer concerts, farmers markets and carriage rides. Concord city limits encompass 30.5 square miles, so there are many other local spots providing additional amusement.
Commuting is a way of life in the San Francisco Bay Area. BART helps ease the commute for thousands of locals, offering service at the North Concord BART station. In addition to the Concord BART station, residents have convenient access to major Bay Area freeways, including Interstate 680 and highways 242 and 4.
Buying a Home in Concord?
If you want to buy a home in Concord, you should be ready to act quickly. Single family homes here generally sell within 36 days and have a median sales price at $475,000. That price is 98.78 percent of the asking price, so you'll also need to be ready with your best offer. About 70 detached homes and 20 townhomes are put up for sale each month, so the market is fairly tight here. There are plenty of bright spots for homebuyers, though, with a number of homes available for less than $300,000. Most of those homes are in the townhome market where the median sales price is $263,000.
Popular Neighborhoods in Concord?
If you want to live in the heart of the small-town action, Downtown Concord is the place to be. There are plenty of townhomes here offering quick access to restaurants, entertainment, businesses and public transportation. If suburbs are more your style, Concord has plenty of those too. The Rancho del Diablo neighborhood is popular for its mid-century Eichler homes. It’s family-friendly, close to hiking trails and parks and convenient to stores, transportation and schools. Holbrook Heights is a welcoming neighborhood with modest ranch-style homes set on large yards. It’s convenient to highway 242 and connects you to an active community association.
Buying vs. Rent to Own Homes Renting to own a home in Concord removes some of the financial pressure from purchasing a home. The mortgage and escrow process can be stressful. Buying a home the conventional way often stirs up a flurry of activity, requiring you to gather months of pay stubs, fill out countless mortgage applications and documents and defend credit demerits, all while trying to find and negotiate a home purchase. Rent to own homes slow the process down, giving you time to build a full down payment and resolve financial issues, all while you live in your new home.