Rent to Own Homes in Greeley
Other attractions found within Greeley city limits include the Greeley Philharmonic Orchestra, the Colorado Model Railroad Museum, the Centennial Village Museum and the Greeley History Museum. The Greeley Municipal Airport is located nearby, but residents are also a short drive away from the Denver International Airport. For those commuting to nearby cities or residents who love to travel, I-25 is approximately 15 miles to the west of the city.
Buying a Home in Greeley?
With properties ranging from less than $200,000 to well over $1 million, the Greeley real estate market is quite versatile. You can find 200 or more homes on the market at any given time, and the median listing price is typically below $300,000. The median sales price often falls closer to $230,000, so this is a market where you can find a good deal. Due to the number of properties on the market, it's not common for buyers to run into bidding frenzies, but you still want to make a strong offer when you find a home that meets all of your needs.
Popular Neighborhoods in Greeley?
Are you searching for a family-friendly neighborhood with low crime rates and quality schools? Look to the Farmers neighborhood, which is located in the northwestern corner of Greeley. This is one of the more expensive areas of town, so you can expect median real estate prices around $400,000. That price comes with a vacancy rate that is much lower than many other areas of the city. Most homes in the area have more than three bedrooms and are occupied by their owners.
If you want to live on the eastern edge of town, consider a home south of I-34 but east of 1st Avenue and west of the South Platte River. This small community offers median real estate prices under $200,000, and the vacancy rate is often close to zero. This may make it more difficult to find a home for sale in the area, but it is a more affordable option if you do find something. Most homes in this area have more than three bedrooms and are owned by their occupants.
Buying vs. Rent to Own Homes?
Are you stressed out over the home-buying process? Many new homeowners are now interested in rent-to-own contracts because they give the buyer more time to secure a home loan. If you know that you want to buy a home but aren't quite ready with your down payment or need to work on your credit score to secure a lower interest rate, this type of contract could work for you as well. You start out renting the property, but you have the exclusive right to purchase the home within a specified number of years. You get to move into your home right away, and no other buyer can purchase the property as long as you make it your own by the date specified in your contract.
Cost of Living in Greeley?
Due to affordable housing, utilities and transportation, the cost of living in Greeley, Colorado, is typically a few percentage points lower than the national average. While some residents may pay more than average prices for their chosen goods and services, the overall cost of living is reasonable for most residents. This is a city where a single parent with one or two children can live comfortably on a salary of $45,000 per year, especially if they purchase a home in one of the more affordable areas of town. If you want to live on the western edge of the city where the real estate prices are higher, then you can expect a slightly higher cost of living.
Greeley is a northeastern Colorado city known for the mass production of beef. The city is home to the University of Northern Colorado and features some quality public schools for younger children. While there are some neighborhoods with luxury homes and higher prices, the overall cost of living for the city is slightly below the national average. It isn't difficult to find a family-friendly community with reasonable housing prices and a pleasant living environment.
Summary
Greeley is a northeastern Colorado city known for the mass production of beef. The city is home to the University of Northern Colorado and features some quality public schools for younger children. While there are some neighborhoods with luxury homes and higher prices, the overall cost of living for the city is slightly below the national average. It isn't difficult to find a family-friendly community with reasonable housing prices and a pleasant living environment.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
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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