Rent to Own Homes in SF
The below results are primarily rent to own homes in San Francisco County, CA:
San Francisco, California offers some of the most interesting living environments in the United States. You can enjoy the North Beach area facing out to Alcatraz Island or head out into the San Francisco Bay to enjoy the solitude of Treasure Island. If you’re interested in history, you may enjoy Mission San Francisco where the Alta California mission still stands. It’s one of the oldest buildings in the city and is now surrounded by a vibrant neighborhood with colorful murals and art galleries.
A short trip across the San Francisco Peninsula will take you to Golden Gate Park. Venture over the Golden Gate Bridge to immerse yourself in nature at the Golden Gate National Recreation Area. Whether you work downtown or spend your leisure time in the San Francisco Bay area, you always have stunning views of the blue waters surrounding the peninsula. When it’s time to leave town, the San Francisco International Airport is less than 15 minutes away from downtown.
Buying a Home in San Francisco
The San Francisco real estate market is highly competitive. It’s not unusual for homes to sell for prices well above asking, and bidding wars are common. If you want to live in the most desirable neighborhoods, you need to act fast when you find a home you love. You should assume that there are other buyers placing their own offers and recognize that they are potentially all-cash buyers willing to bypass the appraisal.
This buying frenzy is the reason so many new developments are going up in San Francisco. The city has a rich presence of tech companies, and new workers are coming into the city for jobs routinely. Many residents are also attracted by the physical beauties of the peninsula, especially those interested in living as close to the water as possible.
Popular Neighborhoods in San Francisco
The most unique neighborhood in San Francisco is Treasure Island. It is a genuine island reached by the I-80 bridge, and you can find homes with picturesque landscapes selling at affordable prices. The catch is that this remote island has an old power grid that leaves residents in the dark more frequently than you may wish. Since the island was created for military families out of landfill trash, earthquakes are more likely to rock your world due to unstable ground. If you can deal with that and don’t need to shop or drive to work daily, there are few places more beautiful and exclusive.
If you prefer to visit Treasure Island and stay on the mainland, the Financial District is popular for those living in the city for business. The Mission District is close to the Financial District and offers walls covered in fun murals along with popular art galleries and restaurants. If you’re a beach bum, North Beach is the most popular waterside neighborhood.
Buying vs. Rent to Own Homes
If you aren’t prepared to take out a loan and don’t have the cash to buy a home outright, the intense real estate market in San Francisco can easily pressure you into taking out the loan regardless. Thankfully, you have another option: rent-to-own properties.
Rather than taking a home loan out right now, you agree to rent the property for a given period of time. This allows you to prepare yourself for the responsibilities of homeownership without missing out on the home of your dreams. You should never sign on that dotted line until you’re fully prepared for upkeep and maintenance expenses.
Cost of Living in San Francisco
San Francisco is one of the most expensive cities in California. The cost of living index is triple that of the national index and approximately twice that of the state index. All other indexes from the cost of goods and services to utilities and transportation are slightly above national indexes. This means you can expect to pay far more for a home in this city than you would elsewhere, but everyday living expenses are just a little pricier than you may find in other areas of the state and country.
When thinking about the high cost of living in the city, remember that the minimum wage here is over $11 an hour in 2015 and that is expected to rise to approximately $18 an hour by 2018. There are also many jobs for those with education in the tech field, and many of those jobs pay high salaries.
In February 2015, Business Insider included San Francisco on a list of the most expensive places to live. This is a reflection of the tech industry jobs abundant in the city as well as the highly desirable living environment. From the Golden Gate Bridge and surrounding recreation area and park to the popular North Beach neighborhood pointing out to Alcatraz Island, there are few cities that offer the diversity and fun experienced on the San Francisco peninsula.
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
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
Sign up for one of our free listings so that potential buyers can find you when they look for rent to own homes near me online.