Rent to Own Homes in Mesa
Locals enjoy exploring the city’s many treasured sites, many of which are on the National Register of Historic Places. Whether locals want to roam ancient Hohokam ruins, explore old Mesa City’s history of the First Mesa Company, or see Williams Air Force Base’s transformation into Phoenix-Mesa Gateway Airport and ASU Polytechnic, there’s plenty of history and innovation here.
Buying a Home in Mesa?
Most Arizona home prices are escalating, and Mesa’s robust housing market is following that trend. Median home prices have increased 15 percent in the past year, reaching $254,900. House hunters also have fewer choices than in previous years, with active listings down from 2,150 a year ago to about 1,800 today. Overall, Mesa is still a good bet for those settling in the Greater Phoenix area. Buyers will pay an average of $119 per square foot in Mesa, well below the region’s top areas that cost $227 to $348 per square foot.
Popular Neighborhoods in Mesa?
Vibrant Mesa offers a number of accommodating neighborhoods, including one of the Southeast Valley’s wealthiest enclaves at Arboleda/Legacy where homes can run up to $1.8 million. Housing is more affordable in Mesa’s Southeast, especially its new master planned Mulberry community that is close to the Tech Corridor and ASU Polytechnic. Families often flock to the Northeast and Northwest neighborhoods’ ample shopping and restaurants, gracious housing and low crime rate. The city’s surrounding communities also offer desirable locales such as Gilbert, named one of America’s best places to live.
Buying vs. Rent to Own Homes?
Mesa is a good place to enter the real estate market, and renting to own a home here offers greater flexibility compared with buying a home outright. Rent-to-own options generally give you one to three years to move through the buying process while locking in today’s housing prices. A slightly higher-than-normal rent contributes to your eventual downpayment, and the rent-to-own option fee is often less costly than the usual upfront downpayment. Overall, renting to own is a great choice for homebuyers who need time to eliminate debt, build a downpayment or repair a credit rating.
Cost of Living in Mesa?
Expenses in Mesa are on par with the national average at just 1 percent higher on the cost of living indices. Utilities and healthcare are cheaper than in the rest of the country at 8 percent and 1 percent lower than the national average respectively. Buying groceries is a scant 2 percent higher than the nation’s average, and housing and transportation costs range between 2 and 6 percent higher than in other cities. Even with some higher expenses, Mesa is a relatively affordable place to live, with grocery, rent and restaurant costs 6.84, 13.22 and 9.23 percent lower than in nearby Phoenix.
One of the fastest growing cities in the nation, Mesa is an attractive locale for families, students, retirees and business and education professionals. Housing is still affordable in Mesa, especially in comparison to nearby cities such as Phoenix, Scottsdale and Tempe where home prices per square foot average 11 to 90 percent higher. Cost of living is moderate in Mesa and also lower than nearby Phoenix. Spanning 132 square miles, Mesa is home to a wide variety of neighborhoods, from historic homes near the city center to new master planned communities in the Southeast.
Summary
One of the fastest growing cities in the nation, Mesa is an attractive locale for families, students, retirees and business and education professionals. Housing is still affordable in Mesa, especially in comparison to nearby cities such as Phoenix, Scottsdale and Tempe where home prices per square foot average 11 to 90 percent higher. Cost of living is moderate in Mesa and also lower than nearby Phoenix. Spanning 132 square miles, Mesa is home to a wide variety of neighborhoods, from historic homes near the city center to new master planned communities in the Southeast.
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.
Find properties near me with Rent to Own Labs.
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