Rent to Own Homes in Grand Prairie
Most of the local schools, including Grand Prairie High School and South Grand Prairie High School, are operated by the Grand Prairie Independent School District, but other school districts also serve the area. Grand Prairie residents also enjoy a wide range of local services and amenities, from bountiful Grand Prairie parks to minor league Grand Prairie AirHogs games.
Buying a Home in Grand Prairie?
Grand Prairie boasts the hottest housing market in all of North Texas, according to the MetroTex Association of Realtors. In the most recent month of activity, Grand Prairie median home values have increased 12.5 percent to $137,200. The median price of homes actually sold in Grand Prairie is $166,600. In two of the more popular areas of town, homes are selling within an average of 14 to 15 days, and their median sale price is $152,500 and $195,00. Local rent prices compare favorably to Dallas, with Grand Prairie’s median rent at $1,260 and Dallas median rent prices at $1,350.
Popular Neighborhoods in Grand Prairie?
Most of Grand Prairie’s neighborhoods are nice, safe and well-kept, but families delight in the established ambiance and lovely brick ranch houses of Westchester on the Creek, and the population has increased 2.4 percent in recent months. Homes here have an average price of $167,956. Northeast neighborhoods are frequently noted in local publications as the best buys, but plenty of families find value in neighborhoods like Mira Lagos, where the houses are spacious, lawns are manicured and the schools are excellent. Mira Lagos homes have an average selling price of $228,422.
Buying vs. Rent to Own Homes?
Buying a home the traditional way is great for some, but buyers should never discount the benefits of rent to own homes. With rent to own homes, all of the major financial stresses like providing a down payment and applying for a mortgage are delayed until the end of the rent-to-own contract. This allows buyers with lower credit scores and smaller down payments time to build up their financial situation while living in the home of their dreams. Rent to own homes also offer a price advantage in housing markets where prices are increasing since buyers negotiate prices at today’s values.
Cost of Living in Grand Prairie?
Grand Prairie residents enjoy a total cost of living that is 3 percent cheaper than the national average, even though healthcare and utilities are slightly more expensive than in the rest of the nation. Most other living expenses are less costly than the national average, including housing that is 10 percent cheaper and groceries that are 3 percent less expensive. Overall, life’s necessities cost about 10 percent less than expenses in nearby Dallas.
From Ripley’s Believe it or Not experience to live performance at the Verizon Theater, there’s always something fun to do in Grand Prairie. Locals appreciate the city’s wide range of activities and shopping centers as well as the comfortable homes that span the ages. Excellent neighborhoods and well-performing schools are spread throughout the city, including in the Westchester area. Responding to the area’s popularity and strengthening economy, home prices are rising. Even with this increase in home prices, though, the cost of living is still below Dallas and the national average.
Summary
From Ripley’s Believe it or Not experience to live performance at the Verizon Theater, there’s always something fun to do in Grand Prairie. Locals appreciate the city’s wide range of activities and shopping centers as well as the comfortable homes that span the ages. Excellent neighborhoods and well-performing schools are spread throughout the city, including in the Westchester area. Responding to the area’s popularity and strengthening economy, home prices are rising. Even with this increase in home prices, though, the cost of living is still below Dallas and the national average.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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