Rent to Own Homes in Hayward
The below results are primarily rent to own homes in Alameda County, CA:
In 1868, the Hayward Fault brought a devastating earthquake through the area we now call Hayward city, crumbling buildings to the ground in a flash. William Dutton Hayward arrived in the area after the earthquake, starting out as a squatter on the land. He built a home, and that was the beginning of Hayward, California as we know the city today. Though the fault does run directly underneath the city, no major activity has been detected since the 1868 Hayward Earthquake.
Hayward is located in central California on the eastern border of the San Francisco Bay.
Hayward Regional Shoreline Park fills the northwest corner of the city and offers a variety of nature trails for residents to explore. The southeastern region of the city is consumed by the Don Edwards San Francisco Bay National Wildlife Refuge and the Eden Landing Ecological Reserve. The refuge holds community events every summer, including bicycling and bird watching programs. Some residents from the Hayward area also serve these facilities as volunteers or employees, helping to preserve the wildlife native to the region.
There are many parks located throughout the city, including Green Belt Park and Garin/Dry Creek Pioneer Regional Parks. The parks are controlled by the Hayward Area Recreation and Park District, and they hold many free community events throughout the year. From live musical concerts and movies in the parks to photography workshops and biking days, there is always something to keep residents active in local green spaces.
Buying a Home in Hayward
The median list price for homes in Hayward is currently $589,000, and the median sales price is $486,000. The average price per square foot is $343, and homes receive an average of four offers before a sale is completed. Homes in this city are highly desirable, and it’s common for buyers to waive home inspections and make other concessions in order to secure homes with offers from multiple buyers.
While it’s tempting to do that, understand that you may end up with a home in need of substantial repairs if you don’t follow through with a complete home inspection prior to the purchase. If you can’t afford to fix structural damage or other problems that increase the cost of the home, then you can’t afford to make those concessions.
Popular Neighborhoods in Hayward
Hayward Highland is one of the most popular neighborhoods for families as well as professionals and singles. The median home value is just over $500,000, but you can find homes for substantially less if you stay away from the hills. The further you move into the hills, the more you can expect prices to rise into the $800,000 range. You can find homes in this area with spectacular views of the bay, and schools are nearby.
If you need lower prices, the Tennyson –Alquire neighborhood has a median home value of approximately $240,000. This is located in the southern region of the city, and the community includes multiple trailer parks as well as new single-family home developments. This is a popular area for families and professionals living on a budget.
Buying vs. Rent to Own Homes
Do you need some help maneuvering the real estate market in Hayward? California is a difficult state when it comes to finding affordable housing in a desirable neighborhood, but you may have more options than you realize. If you come across homes with a rent-to-own option, they may provide a solution to your home-buying dilemma. You get to move into the home as a renter with the option of purchasing the property in the future. You must make the purchase before a specified date in order to fulfill the contract, but it’s a great way to secure a property when you need some time to prepare for home ownership.
Cost of Living in Hayward
The overall cost of living in Hayward is approximately 40 percent higher than the national average. While most living expenses run about even with national averages, the soaring cost of housing demands residents make more money to live in the most desirable neighborhoods. Housing expenses are double the national average, and they may continue to rise as more residents move into the area. While utilities may run slightly below the national average, it isn’t enough to offset the cost of housing.
Hayward is a popular coastal city in California’s prestigious San Francisco Bay region. As home to a couple large wildlife refuges and many smaller parks, this is one city where residents tend to stay active all year round. There are many free events held in public green spaces throughout the year, including opportunities for hiking, biking and birdwatching. While the city’s cost of housing is double the national average, there are some beautiful homes offering unbeatable views of the bay.
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.