Rent to Own Homes in San Tan Valley
While not technically a city in its own right, San Tan Valley is a census-designated place 15 miles east of Interstate 10 and 24 miles west of the Superstition Mountains. The community takes its name from the San Tan Mountains, which run along the southwestern edge of San Tan Valley.The below results are primarily rent to own homes in :
While not technically a city in its own right, San Tan Valley is a census-designated place 15 miles east of Interstate 10 and 24 miles west of the Superstition Mountains. The community takes its name from the San Tan Mountains, which run along the southwestern edge of San Tan Valley.The below results are primarily rent to own homes in :
The name of San Tan Valley is a relatively recent designation, established in 2009 by a community vote coordinated by the Greater San Tan Area Coalition. Before 2009, the community was known by several different names, including Greater San Tan, San Tan Foothills, San Tan Heights and San Tan Area. San Tan, which is part of Pinal County, has a population of about 85,000 residents. The community is well-known for its amenity-filled master planned neighborhoods. Within the San Tan area, potential residents find several active adult 55+ communities, family-oriented subdivisions, resort developments and golf course communities. Many of these subdivisions offer walking trails, sports facilities, playgrounds and a variety of other recreation and social facilities that help locals make the most of the Arizona climate. The nearby San Tan Mountains also provide ample outdoor recreation for San Tan residents. The San Tan Mountains Regional Park entrance is less than a mile from San Tan Valley, featuring eight miles of trails that are ideal for horseback riding, mountain biking and hiking. The park also offers picnicking areas, views of the Sonoran Desert and prime stargazing vantage points. Several recreation and entertainment venues are located in San Tan Valley, including Arizona Speedway, Cooper Basin YMCA, Baro Ranch and Equestrian Center, Golf Club at Johnson Ranch and the Links at Queen Creek Golf Course.
Buying vs. Rent to Own Homes
If you’re looking to purchase a home, you could fall into three categories: ready to buy, ready to rent to own and rent a bit longer. Buying is your best option, so if you’re ready, you should. Rent to own is also a good option because it sets you on course to buy a property soon.
If you’ll be ready to buy a property within the next three years, rent to own is the right option for you. Your lease term should be at least six months longer than how much time you need to qualify for financing; that way, you have some buffer room in case something goes wrong. Whenever you are ready, you can close on the home and start building equity on it.
If it’s going to take more than three years for you to qualify for financing, keep renting until you’re less than three years away. Just because rent to own isn’t right for you now doesn’t mean it won’t be in the future.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
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