Rent to Own Homes in Maricopa
The region grew with the railroad, and it became known as Maricopa Junction. Today, present-day Maricopa enjoys a warm, dry climate with a wide array of year-round activities and easy access to a wide range of businesses and employees. It features the 22-acre Pacana Park, with a football field, covered playground, lake and tennis courts as well as the Copper Sky Recreation Center that provides year-round classes for Maricopa citizens of all ages.
While the city has grown quite a bit in the past decades, it keeps a small-town feel and close community charm. Maricopa forms part of Pinal County and offers easy access to Phoenix for even more employment, social and recreational opportunities. Special events in the city include the annual Salsa Festival, Founders' Day and Holiday Homes on Parade.
Buying a Home in Maricopa?
Maricopa has become a great and popular place to buy a home, especially in recent years. Bringing a close-knit community feel together with proximity to Phoenix, this community grew nearly threefold between 2005 and 2015, from just over 15,000 residents to today's nearly 50,000. The average listing price of a home in Maricopa hovers at around $180,000. The value of homes in Maricopa has risen 6.7 percent recently and is expected to continue to rise. Homes in Maricopa offer a significant value for the Phoenix metropolitan area, with an average price per square foot of $90, compared to an area average of $142.
Popular Neighborhoods in Maricopa?
One of the most popular neighborhoods in Maricopa is Rancho El Dorado. A community with a master plan, the neighborhood is home to the 18-hole Duke golf course and country club. In addition, the Villages at Rancho El Dorado include a pool, tennis courts and a community fitness center as well as parks with activities and playgrounds for kids. There is a nearby community elementary school as well as a short drive to I-10, the major highway leading to Phoenix. Other popular neighborhoods in the city are Cobblestone Farms and Acacia Crossing, with pools, sports facilities and parks. Most neighborhoods in Maricopa have a Homeowners Association (HOA).
Buying vs. Rent to Own Homes?
When you're looking into buying a home in Maricopa but are uncertain about your ability to put down the down payment you need or obtain a mortgage loan, rent to own properties may be a good choice for you. Maricopa is a city heavily oriented toward homeownership, and a rent to own property may be a solid path for you. When you buy your home, you need to have a down payment right away and be creditworthy for mortgage approval. If you can get ready for those accomplishments within the next few years, a rent to own home will allow you to lock in the home you want, begin contributing to the purchase price and save up for your down payment.
Cost of Living in Maricopa ?
The cost of living in Maricopa is just around the average cost of living in the United States, with the chance for some savings, especially on utilities, goods and services. Cost of living is 3 percent lower than the rest of Arizona. Goods and services in Maricopa are 8 percent less expensive than they are nationally on average. Housing in Maricopa is a particular savings area, at 82 percent of the national average housing cost.
Maricopa offers a warm, dry climate and family-friendly neighborhoods with plenty of amenities for outdoor recreation. With convenient access to Phoenix via the I-10 highway, the city is a good option for people with employment, education and recreational interests in Arizona's capital city who also want to save money on housing costs. With a strong trend toward homeownership, Maricopa is oriented to families seeking to put down roots.
Summary
Maricopa offers a warm, dry climate and family-friendly neighborhoods with plenty of amenities for outdoor recreation. With convenient access to Phoenix via the I-10 highway, the city is a good option for people with employment, education and recreational interests in Arizona's capital city who also want to save money on housing costs. With a strong trend toward homeownership, Maricopa is oriented to families seeking to put down roots.
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
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.
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