Rent to Own Homes in Redding
The Redding area originally developed around a stop for the Southern Pacific Railroad, and it was named after a railroad worker known as Benjamin B. Redding. Today, the city boasts a thriving community of active residents and a long list of national attractions. This includes Whiskeytown Lake, Mary Lake, Enterprise Community Park, McConnell Arboretum and Botanical Garden and Lake Redding Park. There are also some historical and architectural attractions, including Hotel Lorenz, which is located downtown Redding.
Many families are drawn to Redding, so the city offers a variety of child-friendly entertainment venues. This includes WaterWorks Park and Kids' Kingdom. Public schools are available through the Grant and Redding School Districts.
Buying a Home in Redding?
Median listing and sales prices for homes in Redding are typically around $240,000, and most buyers will pay at least $100 per square foot. It's common to see sales prices that are slightly lower than the median listing price, but that doesn't mean that you should expect to buy the best homes below asking price. It is common for some homes to receive multiple offers before a buyer is selected, and some will sell above asking price. It's best to get pre-qualified as soon as possible so that you can compete when a property you love hits the market. Some homes do sell shortly after being listed, so act fast when you find a home that suits your family.
Popular Neighborhoods in Redding?
Shasta View is one of the best neighborhoods in Redding for commuters and families. It's convenient to Route 44 as well as a variety of stores, entertainment venues and local employers. You can expect to see home prices around $200,000 in this area, making it one of the more affordable areas of town.
If you can afford to pay more for your home and want to live in a gated community, consider Tierra Oaks Estates. It's centered on a private golf course and features large homes sitting on substantial lots. You'll find the entrance to the community on Oasis Road, just past the golf course entrance. Many of Redding's gated communities are limited to residents over the age of 55, but this is one that remains open to residents of all ages.
Buying vs. Rent to Own Homes?
Are you excited to purchase a home in Redding? If you're open to alternative contracts, you might want to consider a rent-to-own home. These properties allow you to start out as a renter with the intention of purchasing the property in the future. If you're planning to buy a home within the next year or two but aren't ready to apply for pre-qualification, this is a good opportunity. You can move into your home right away while using the rental period to prepare for the mortgage loan process. This is the same as renting a home until you're ready to buy, but you don't have to move once the purchase is finalized.
Cost of Living in Redding?
While the cost of housing in Redding is substantially lower than prices seen in many other California cities, it remains 20-30 percent higher than the national average at most times. You can also expect to pay above-average prices for transportation, utilities, healthcare and most everyday goods and services. The overall cost of living is generally within 30 percent of the national average, but you should still plan to budget seriously if you have limited income.
If you want to surround yourself by the mountains while remaining relatively close to the beaches of coastal California, you may find your dream home in Redding. This city is surrounded by more than three large national forests and is less than 200 miles from the coast. Residents enjoy easy access to a long list of parks and lakes, making this an ideal place to raise a family. It's also a great place to live if you're single and want to spend a lot of time outdoors.
Summary
If you want to surround yourself by the mountains while remaining relatively close to the beaches of coastal California, you may find your dream home in Redding. This city is surrounded by more than three large national forests and is less than 200 miles from the coast. Residents enjoy easy access to a long list of parks and lakes, making this an ideal place to raise a family. It's also a great place to live if you're single and want to spend a lot of time outdoors.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
About Our Listings
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
- 96003
- 96001
- 96002
- 96049
- 96099