Rent to Own Homes in Everett
The below results are primarily rent to own homes in Snohomish County, WA:
You can tell the story of how Everett Washington was planned and constructed by traveling along three of the city’s main roads: Colby Avenue, Hoyt Avenue and Hewitt Avenue. These streets were named in honor of the three founders who worked hard to bring the city to life amidst riots, a massacre and confusion over the Great Northern Railway extending through town to Seattle. Charles L. Colby eventually named the town after his son, Everett Colby.
Today, there are many reasons to respect this thriving city beyond the railroad. Everett is home to the massive Boeing assembly plant, which is currently the largest building in the world. It’s also a major source of employment for residents along with the Port of Everett and the Everett Events Center. Also known as the Xfinity Arena, this entertainment complex is home to the Everett Silvertips and a variety of musical concerts and sports events. KeyArena is another option for entertainment and local jobs.
There are approximately 6,000 soldiers and civilian employees stationed at Naval Station Everett. The station is located on the city’s western shoreline, benefiting from the largest marina in the western United States. This is within the northern tip of the city, which is home to some of the most beautiful Washington scenery. Attractions in northern Everett include Jetty Island, Spencer Island Park and the Puget Sound Naval Complex.
Buying a Home in Everett
Homes in the most prestigious Everett neighborhoods are in high demand, so you can expect median listing prices to exceed $300,000 much of the time. You can also expect to pay close to $200 per square foot for some of the most desirable homes in move-in condition, but there are more affordable homes in some neighborhoods that will sell for a little less. This is an aggressive market and it’s common for sellers to receive three or more offers before closing a deal, so you should act quickly when you find a home that suits your needs.
Popular Neighborhoods in Everett
Many of the best Everett schools and neighborhoods are located in the southeastern corner of the city. Crime rates are higher in the northern end of the city, even though that area is home to more of the outdoor recreational areas and the naval complex. The Silver Firs neighborhood occupies the far southeastern tip of the city and represents one of the most desirable residential communities. Median home prices are often above $350,000, and you’ll find mostly large homes with at least four bedrooms in the area.
If you want to live in northern Everett or prefer to stay closer to the marina, look to the Delta Junction neighborhood in the northwestern corner of the city. Home prices are comparable to those found in the Silver Firs neighborhood, and you’ll find a lot of medium-sized homes with at least three bedrooms in the area. This community has a vacancy rate of approximately 5 percent.
Buying vs. Rent to Own Homes
Perhaps you’ve heard of rent-to-own homes, but you aren’t sure what that term actually means. It refers to a special rental agreement that allows you to rent a home for a specified period of time with the intention of purchasing the property at a later date. While the terms of every agreement will vary, you will have a date by which you need to follow through with the purchase or move out of the property so that another home buyer can have a chance.
This is a slower path to homeownership than the standard practice of securing funding and then searching for your ideal home. It’s a good option for anyone interested in moving into a home right away while taking more time to find the best mortgage loan possible.
Cost of Living in Everett
The cost of living in Washington as a whole is slightly above the national average, so it isn’t shocking that Everett is typically 10-15 points higher than the national average. This is mostly due to the housing market, which can rise nearly 40 percent above national average prices at times. Healthcare and transportation are also major expenses for many residents, so you may want to find the Everett Farmer’s Market and other places where you can save some money on groceries and everyday expenses.
Everett, Washington, is home to a large naval base and a massive Boeing assembly plant as well as two sizable entertainment complexes. These features of the city join with many other businesses to create a thriving job market for residents. While home prices are substantially higher than the national average, this is a beautiful city that allows you to live along the shores of the largest marina in the western United States.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.