Rent to Own Homes in Sandy
The below results are primarily rent to own homes in Salt Lake County, UT:
Draper , UT 84020
7 Bedrooms, 10. Baths
Midvale , UT 84047
5 Bedrooms, 2 Baths
Cottonwood Heights , UT 84121
5 Bedrooms, 3 Baths
Sandy , UT 84070
Sandy , UT 84070
Salt Lake City , UT 84121
4 Bedrooms, 4.5 Baths
Sandy , UT 84092
Sandy , UT 84094
3 Bedrooms, 2.5 Baths
Brighton , UT 84121
Murray , UT 84121
4 Bedrooms, 2 Baths
Sandy , UT 84094
Sandy, also referred to as Sandy City, is located toward the northern end of Utah, less than 20 miles south of Salt Lake City. There has been a lot of debate about the origins of the city’s name, but many believe that it was named in honor of Alexander “Sandy” Kinghorn. He was responsible for creating the first train line to this region of the state, so it makes sense that he would receive recognition when the city was incorporated. While the region started out as a haven for nomadic American Indians, it’s now a scenic part of Salt Lake County that gives residents easy access to the Wasatch Mountains.
In addition to relaxing and exercising at the Jordan River Parkway and visiting the penguins and stingrays at the Loveland Living Planet Aquarium, residents and visitors can enjoy some exciting adventures in Sandy. For instance, the Flight Park State Recreational Area offers hang gliding and paragliding. This is a great opportunity to get a birds-eye view of the city or to simply take in the beauty of the nearby mountains from an unusual angle.
Many locals also enjoy spending time hiking or mountain biking through the mountains. If you want to live a healthy lifestyle without spending money on recreation, Sandy will keep your legs moving and your eyes focused on the beautiful terrain.
Buying a Home in Sandy
While the median listing price is around $400,000 in most Sandy neighborhoods, the median sales prices are typically much closer to $300,000. Prices in the western side of town are often much lower than those in the eastern side, but you can still expect to pay more than $100 per square foot.
Selecting a home near the best public schools is often challenging because there are so many schools serving this community. The good news is that most of those schools are highly rated, so you can focus on selecting a home that fits your budget and lifestyle rather than worrying about the quality of education that your children may receive.
Popular Neighborhoods in Sandy
If you want to open your windows and savor breathtaking views of the mountains, consider the large neighborhood on the eastern edge of the city. You’ll enjoy mountainous terrain and tons of opportunity for outdoor recreation, and you will fill your days with stunning views of Mother Nature. Most homes in the area are owned by their occupants, and the vacancy rate is typically well below 5 percent. You can expect to pay close to $600,000 if not a bit more for the luxury of living in Sandy’s most scenic and prestigious community.
For access to the best schools and the lowest crime rates, you want to look for homes as far east as possible. The price of homes may go down as you move to the west end of the city, but you’ll also notice higher crime rates and some less desirable schools in those areas.
Buying vs. Rent to Own Homes
If you want to purchase a home in Sandy but aren’t ready to finalize the mortgage loan, consider moving into a rent-to-own home. This allows you to start your journey as a renter with the option of ending it as a home owner. The terms of a rent-to-own deal can vary from one property to another, but the basic idea is to rent until you’re able to secure financing and make the home purchase official. You will have a designated period of time in which you need to buy the house, but this is a great opportunity to move into a home right away without going through the process of applying for a home loan immediately.
Cost of Living in Sandy
The cost of housing in Sandy is often more than 40 percent above the national average. Even though most residents pay close to average prices for transportation, utilities, food and most goods and services, the overall cost of living for the city often sits just above average. The good news is that most residents are able to budget their income and conserve resources in order to live comfortably even when purchasing a nice home.
Sandy is located just west of the Wasatch Mountains and features many luxurious homes with sweeping views of those beautiful mountains. While the cost of living is slightly higher than the national average due to the high cost of housing, most residents are able to live comfortably even when purchasing a more expensive home on the eastern side of town. There are more affordable housing options on the western side of town. Regardless of where you live in Sandy, this is a town that offers many opportunities for outdoor recreation as well as easy access to some highly rated schools.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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Reported Annual Crime In Sandy