Rent to Own Homes in Las Cruces
The below results are primarily rent to own homes in Dona Ana County, NM:
The city of Las Cruces is positioned in southern New Mexico, less than 40 miles north of El Paso Texas. The Rio Grande runs just outside of the city’s western border, and the Las Cruces International Airport is located approximately 11 miles to the west. Many students venture into the Las Cruces area in order to attend the New Mexico State University, which is positioned in the southwestern region of the city where there are ample opportunities for affordable housing.
When you’re ready to shop or you want to enjoy a delicious meal, head downtown Las Cruces. There is always something happening in the city center, including a variety of restaurants and shopping centers. If you would prefer to spend your time rooting for a baseball team, the Las Cruces Vaqueros will keep you entertained through the ball season.
If you live an active lifestyle, you’ll enjoy the intense sunshine that this New Mexico city delivers during the summer. Spend your time exploring the Dripping Springs Natural Area, or save some money while getting your exercise at the Farmers & Crafts Market of Las Cruces. There are also a variety of museums that will educate you on the history New Mexico, including the New Mexico Farm and Ranch Heritage Museum and the Zuhl Museum.
Buying a Home in Las Cruces
The median sales price for homes in Las Cruces is around $220,000, but you can expect to see prices a bit higher when shopping in the most desirable neighborhoods. Most of the city’s schools are rated average when compared with others across the country, but you may want to do some research into school zones and quality before purchasing a home. You should also keep in mind that living in the southeastern edge of the city will place you close to the student population, and that may mean more noise as well as closer proximity to Las Cruces nightlife. There’s a pro and con to almost all areas of this city.
Popular Neighborhoods in Las Cruces
If you want to live close to some of the best Las Cruces schools and safety is a concern, you may want to look for properties in the Boyd neighborhood. This is a large area located on the eastern edge of town with a median real estate price around $300,000. Most homes are occupied by their owners, so you won’t have to worry about rapid turnover due to rental properties. Most homes in the area have at least three bedrooms, and many have five or more bedrooms. This is also an area with a low vacancy rate.
For a similar neighborhood with home prices closer to $200,000, head just north of Boyd to a neighborhood known as Organ. You’ll find more rental homes in this area and the vacancy rate is higher, but your children will still have access to some of the better Las Cruces schools and the crime rate is lower than in other parts of the city.
Buying vs. Rent to Own Homes
You don’t want to rush into a mortgage loan before you’re certain that the home meets all of your needs. You also have to make sure that you can maintain financial stability while covering the mortgage loan and the cost of maintenance and repair on your new home. One way to make sure that everything is in line before you sign for a mortgage loan is to start out with a rent-to-own contract.
Not all properties in Las Cruces will offer this unique buying contract, but you may find that it makes the home-buying process easier when you do find a property that fits your needs. During the initial rental period, you can save up money for your down payment or make sure that your credit report is ready for a thorough screening. If you end up with a lower interest rate as a result of this advance preparation, you will save money for years to come.
Cost of Living in Las Cruces
Housing is often the biggest expense for homeowners in the United States, but that’s not the case for Las Cruces residents. With a housing index that often features prices close to 20 percent below the national average, many homeowners have no problem paying their mortgage payments and keeping up with utilities, groceries and other common expenses. Since the overall cost of living here is up to 10 percent lower than the national average, it’s common for homeowners to have extra money that they can spend on entertainment and the arts.
Las Cruces is a southern New Mexico town located just north of El Paso, Texas. With an airport located within miles of town and a campus for a popular university resting on the southeastern edge of town, many students as well as professionals call this city home. The local climate offers extreme heat in the summer with lots of time to cuddle up indoors in the winter, so residents have the chance to play outside while buckling down to get their work done the rest of the year. This is also a low-budget housing area, so it’s a good place to purchase your dream home for less.
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
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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Reported Annual Crime In Las Cruces
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