Rent to Own Homes in San Marcos
Located within San Diego County, the city is home to the California State University San Marcos campus as well as some popular golf courses like the St. Mark Golf Club. While the city now offers residents a family-friendly environment with many opportunities for outdoor recreation, it originally started as a picturesque valley known as Los Vallecitos de San Marcos. Early residents used the land to raise livestock, but Rancho Vallecitos de San Marcos was eventually purchased by the San Marcos Land Company and divided into tracts that would eventually become some of California's most beautiful cities.
Today, the city of San Marcos is investing heavily in the San Marcos Complete Street project, which will make a large portion of the city more accessible to residents and visitors. Other projects aim to beautiful the San Marcos Hills while attracting more businesses to the area. Some of the leading employers in the city now include UPS and Hunter Industries.
Buying a Home in San Marcos?
Median listing and sales prices in San Marcos often fall well above $500,000 and may approach $600,000 at times. Many homeowners will pay around $300 or more per square foot, and it's common for sellers to receive more than two offers before accepting a deal. In such an intense real estate market, it's important to make an aggressive offer when you find a home that suits your lifestyle, personality and location preferences.
More than 70 percent of residents own their homes in this city, and it's possible to find properties that suit more conservative budgets. If you have young children or teenagers in your family, you may appreciate that most of the public schools are rated highly and that family-friendly neighborhoods aren't difficult to find.
Popular Neighborhoods in San Marcos?
If you want the feel of a small town while living less than 10 miles from the ocean, consider a home in San Elijo. This is a master-planned community centered on a beautiful town square. Residents come together for community events in the square, including an annual Oktoberfest event and family-friendly movie nights. The average home price is around $900,000, but you can find properties selling for as little as $420,000 at times.
You'll find one of the largest and most popular neighborhoods west of Hunter Road and south of Route 12. This is a large community that includes the Purgatory Creek Natural Area and extends to the western border of the city. The median real estate price here is less than $300,000, and the neighborhood is full of small and medium-sized homes with fewer than four bedrooms. The vacancy rate is often under 10 percent, and you'll find some rental homes mixed into the community.
Buying vs. Rent to Own Homes?
If you're ready to move into a new home but your finances aren't quite ready for that responsibility, consider a rent-to-own property. You'll have the luxury of moving into a San Marcos home right away, but you won't have to take out a mortgage loan until a later date. Most contracts will give you at least two years to purchase the home, but you get to rent the property in the meantime. This is a great way to stake your claim on a great home while improving your financial standing or settling into the community before applying for financing.
Cost of Living in San Marcos?
The cost of housing in San Marcos more than doubles the national average most of the time, and that has a big impact on the overall cost of living. You can expect to pay slightly higher-than-average prices for utilities, healthcare and many goods and services. Most residents pay a bit more than average for transportation as well. The overall cost of living is often close to 70 percent higher than the national average, but it's not much higher than the average cost of living for California.
San Marcos is a great place to live if you want to enjoy sunny summers, moderate winters and easy access to popular beaches as well as scenic mountain ranges. While the cost of living is higher than the national average, it's comparable to many other California cities located near the coast. Real estate prices vary dramatically, depending on which neighborhoods you consider. If you want to live a short drive from the ocean while living in a family-friendly environment with access to quality public schools, you may find your home in San Marcos.
Summary
San Marcos is a great place to live if you want to enjoy sunny summers, moderate winters and easy access to popular beaches as well as scenic mountain ranges. While the cost of living is higher than the national average, it's comparable to many other California cities located near the coast. Real estate prices vary dramatically, depending on which neighborhoods you consider. If you want to live a short drive from the ocean while living in a family-friendly environment with access to quality public schools, you may find your home in San Marcos.
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
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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