Rent to Own Homes in Round Rock
While many residents come to town to pursue educational goals, there are many family-friendly neighborhoods in the city and the commute to Austin is less than 30 minutes without traffic. One of the most popular residential areas is Brushy Creek. Residents of all ages can take advantage of the city's most interesting attractions, including the Round Rock Public Library, the Dell Diamond Stadium and Round Rock Premium Outlets. Residents with children also enjoy visits to the Rock'n River Family Aquatic Center and the unique Play for All Park.
Buying a Home in Round Rock?
While the median listing price for homes in Round Rock often rises above $300,000, the median sales price is typically less than $270,000. This means that many homes sell for less than asking price, but that doesn't mean that you won't find yourself in a bidding war. It's common for homes in the most desirable neighborhoods to receive two or three bids before a sale is made, so you may want to place an aggressive offer if you're interested in a home that other buyers may also find attractive. There are many homes on the market that sell for less than the median, so you don't have to worry if your budget is more conservative.
Popular Neighborhoods in Round Rock?
You'll find many of Round Rock's largest luxury homes within the Arbor Place gated community. These homes are built by leading designers and typically sell for around $700,000. There is a large park within the gates, giving residential children a safe place to play. The community is still in the developmental phase, and you can purchase some lots for around $600,000.
If you need to pay a bit less for your home without sacrificing quality of schools and proximity to restaurants and shopping venues, look to the Brushy Creek neighborhood. Homes in this area sell for around $250,000, and this is a convenient area if you commute to Austin. For even lower prices, consider homes located in Fern Bluff, Laurel Ridge or Silver Leaf.
Buying vs. Rent to Own Homes?
If you want to own a home but don't think you're quite ready to go through the buying process, you may consider rent-to-own homes a great alternative. This unique home-buying contract allows you to start out renting a home with the intention of purchasing the property at a later date. In most cases, you will have at least one year to live in the property and make the sale official. If you know that you need at least that amount of time to secure a home loan, you may consider moving into your home now and buying later with this contract option.
Cost of Living in Round Rock?
The overall cost of living in Round Rock is about equal to the national average, but that doesn't mean that you'll pay average prices for your home. The housing index often spikes 10 percent higher than the U.S. average, but that is balanced by average utility expenses and grocery prices that can drop up to 20 percent below average. If you shop wisely, this is one city where you can find an affordable home and live comfortably within your budget.
Located approximately 20 miles north of Austin, Round Rock is considered a suburban city. The real estate market includes many family-friendly neighborhoods with homes selling for $300,000 or less as well as high-end communities with luxury homes. It also includes an expansive gated community where residents can find expansive lots with a private community playground. Many people work in Austin and live in Round Rock because the schools in this suburb are far more desirable than those in the larger city.
Summary
Located approximately 20 miles north of Austin, Round Rock is considered a suburban city. The real estate market includes many family-friendly neighborhoods with homes selling for $300,000 or less as well as high-end communities with luxury homes. It also includes an expansive gated community where residents can find expansive lots with a private community playground. Many people work in Austin and live in Round Rock because the schools in this suburb are far more desirable than those in the larger city.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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