Rent to Own Homes in Hillsboro
Known as Silicon Forest, this city is a safe haven for big technology corporations, including Intel. Besides attracting corporations able to offer jobs to the locals, the Hillsboro City Council also works hard to make sure that the neighborhoods and downtown streets remain clean and safe for all residents.
When you aren’t hard at work or out enjoying the weather, you’re free to catch a game at the Hillsboro Stadium or to catch up on local news by reading the Hillsboro Argus online. Community events like the Oregon Renaissance Festival are also big hits in this area, so get ready to slip into your costume and dance with the wenches and the pirates.
Buying a Home in Hillsboro?
The Hillsboro real estate market offers a little something for everyone. You can find many single-family homes hitting the market for $300,000 or less, and then there are many others with an asking price well over $500,000. You’ll even see the occasional million-dollar home on this market, so don’t give up hope for finding your dream home if you have a sizable budget.
It’s common for buyers to pay just under $200 per square foot in some of the more desirable neighborhoods, though there are properties that go for much less or a bit more. Some homes will receive multiple offers before a buyer is chosen, so it may help to present an all-cash offer if you’re going for property in a desirable neighborhood.
Popular Neighborhoods in Hillsboro?
Hillsboro is a bit different than many mid-sized cities because the neighborhoods close to the top-ranked schools aren’t always the best neighborhoods in terms of crime rates. You can get the best of both worlds by moving into the community that occupies the northeastern corner of the city, just south of U.S. Highway 26, also known as NW Sunset Highway. Stay in the general area of NW Jackson School Road and NW Meek Road, and you’ll find a suburban community with a vacancy rate of less than four percent. The homes are typically valued around $400,000, and the majority of the properties are occupied by their owners.
The neighborhoods just south of that one are also popular for families as well as professionals, but you don’t want to venture too far south in this city. The further you go toward the Illinois state line, the higher the crime rates tend to climb.
Buying vs. Rent to Own Homes?
While the home prices are reasonable in Hillsboro, you may still find that you need some time to prepare your finances before you transition into homeownership. You can do this by starting out with a rent-to-own agreement. This allows you to move into your property right now, but you don’t have to officially purchase the property until your rental period is over. This gives you time to raise your credit score or to take care of other issues, and you don’t have to move again once you purchase the home.
Cost of Living in Hillsboro?
While most expenses in Hillsboro are just slightly higher than the national average, the overall cost of living can go up to 30 percent higher than average. This is mostly due to the housing market, which often features prices close to 50 percent higher than the national average. There are ways to conserve money when it comes to shopping and entertainment, and that may help conserve resources for your mortgage payment. Shop carefully so that you don’t get in over your head with a large home that doesn’t match your budget.
Welcome to Silicon Forest, home to big corporations like Intel. Hillsboro is a small city located just west of Portland, but it still delivers some attractive jobs in the technology field. You don’t have to move to Silicon Valley and put up with the outrageous prices and nonstop traffic because similar jobs are found here in Oregon along with a variety of work options in the solar industry. While the housing prices are a bit higher than the national average, the overall cost of living is still more reasonable than you will find in most areas of California.
Summary
Welcome to Silicon Forest, home to big corporations like Intel. Hillsboro is a small city located just west of Portland, but it still delivers some attractive jobs in the technology field. You don’t have to move to Silicon Valley and put up with the outrageous prices and nonstop traffic because similar jobs are found here in Oregon along with a variety of work options in the solar industry. While the housing prices are a bit higher than the national average, the overall cost of living is still more reasonable than you will find in most areas of California.
Rent to Own Realtors
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
About Our Listings
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
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