Rent to Own Homes in San Leandro
The below results are primarily rent to own homes in Alameda County, CA:
The city of San Leandro rests on the shores of the San Francisco Bay in central California. It’s positioned to the southwest of Lake Chabot, which gives residents access to the expansive Lake Chabot Regional Park and Golf Course. Other nearby attractions include the Oakland Zoo, Oakland International Airport, Bay Farm Island and the Martin Luther King Jr. Regional Shoreline. Points of interest located within city limits include the Oyster Bay Regional Shoreline and the Tony Lema Golf Course.
This is a family-friendly city that features a long list of local parks, many of which include playgrounds, walking trails and large lakes that allow fishing. Marina Park offers a mile-long trail that follows the shoreline, and Thrasher Park offers a safe playground. Other parks with open space for recreation include Cherry Grove Park, Bonaire Park and Toyon Park. Kids and teenagers are also served by the San Leandro School District, which includes San Leandro High School.
This city was originally created with the Rancho San Leandro land grant, but it’s best known today as a scenic coastal city that rests just below the San Leandro Hills. Many residents come to the area because they want to live in a climate that offers sunshine year-round while staying close to the water and some of the larger California cities.
Buying a Home in San Leandro
Buyers who are accustomed to seeing home prices with seven figures in California are often relieved to see that the median listing price in San Leandro typically stays below $550,000. It’s common to see median sales prices that are quite a bit lower than the current listing price, but that doesn’t mean that every buyer can get away with below-asking offers. There are some neighborhoods where homes can go for $700,000 or more, so it’s important to work with a real estate agent familiar with the trends in various regions of this city.
Popular Neighborhoods in San Leandro
If you want to live on the east side of town near Lake Chabot, consider the Bay O Vista neighborhood. You’ll find many large ranch homes in this area that generally sell for $400,000 – $600,000. The terrain features a lot of hills, and it’s easy to find homes that offer gorgeous views and easy access to the golf course and trails surrounding Chabot Park.
If you prefer flat ground that is suitable for biking, look to the family-friendly community known as the Manor. Some of the best public libraries and schools are in this area, and residents can easily access multiple highways as well as the airport and two BART transportation stations. If you prefer to stick closer to the downtown area, consider a small neighborhood known as Estudillo Estates. The homes are older in this area, but you may have a shorter commute to downtown employment options and attractions.
Buying vs. Rent to Own Homes
If you’re planning to purchase a home in San Leandro in the next two or three years, you might consider moving into a rent-to-own home now. The biggest difference between this contract option and the standard home-buying process is that you start out as a renter. You get to move in right away, even if you haven’t secured pre-qualification for a home loan. Your agreement will specify a date by which you much purchase the property or move out to give another potential buyer a chance. As long as you make your purchase before that date, you will come out of the deal a proud homeowner.
Cost of Living in San Leandro
The cost of living San Leandro is high, but you might expect that if you’re familiar with the real estate market in California. The housing market here can easily double or even triple the national average, and that forces many residents to live on a tight budget. You can shop at the farmer’s markets and discount stores to save money, but you will still need to carefully consider how much you can afford to invest in your home. While most residents pay up to 30 percent more than average for transportation, most other expenses are priced closer to the national averages.
San Leandro is a beautiful city located on the eastern coast of the San Francisco Bay in central California. While it gives residents access to the water for a variety of fun activities, it’s best known for its close proximity to the San Leandro Hills and surrounding mountain ranges. It’s also close to the Lake Chabot Regional Park and is home to a variety of golf courses and family-friendly parks. Served by the San Leandro School District and boasting homes with spectacular views, there’s no question why so many people are proud to call San Leandro home.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
About Our Listings
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.