Rent to Own Homes in Santa Ana
The below results are primarily rent to own homes in Orange County, CA:
Santa Ana is located in California’s esteemed Orange County, approximately 10 miles from the North Pacific Coast. While you won’t find oceanfront property within city limits, residents do have several popular beaches within a 30-minute drive without traffic. Some of the most noteworthy nearby beaches include Huntington Beach, Long Beach, Laguna Beach and Newport Beach. It takes approximately 40 minutes to drive from Santa Ana to Los Angeles using the Santa Ana Freeway, but the city is often referred to as a part of the Los Angeles-Long Beach-Santa Ana region. Local schools fall within the Santa Ana Unified School District.
There’s never a shortage of ways to get your vitamin D in this sunny city, and the fun starts with the Santa Ana River Trail. It stretches on for miles alongside the river, passing through the Yorba Regional Park and heading north of the city. This is part of an extensive project that will eventually create one continuous trail from the San Bernardino Mountains to the coast. Outdoor recreation and spectacular views are also enjoyed at the many parks located within or near the city, including the Santa Ana Mountains and Centennial Regional Park.
Buying a Home in Santa Ana
If you’re moving to Orange County, or the OC, from the Midwest or the east coast, it may feel as if you’ve moved to another world. What is considered a safe, clean neighborhood in most places outside of the OC is often referred to as the ghetto or unsafe by OC locals. Some new residents are quite surprised at how far their housing budget stretches here, and in most cases, that isn’t far enough to live as comfortably as they would elsewhere.
This culture comes from the extreme wealth and privilege enjoyed by many people living in this little pocket of the country. Santa Ana is often referred to as one of the less ideal OC cities, but it’s a comfortable, safe, clean place that happens to feature some of the more affordable OC neighborhoods. Most neighborhoods would rank among the best in many other cities across the country, so you have to consider the OC perspective when getting advice on neighborhoods from OC locals. This city is a great option if you can’t afford the multimillion-dollar homes in neighborhoods others would consider preferable in this area.
Popular Neighborhoods in Santa Ana
If you want the safety and exclusivity of a little-known neighborhood, go on a hunt for Park Santiago. Santiago Park isn’t the easiest public park to access by car, so it remains a hidden treasure within walking distance of residents in this neighborhood. The residential area is blocked on three sides by Highway 5, railroad tracks and the park, creating a well-hidden neighborhood that is much quieter than other areas of the city. You can expect homes to start in the $500,000 range, but there are occasional deals that go lower. You can sometimes catch a foreclosure home here as well.
If you prefer an area with more affordable homes, Sunwood Central is a good option. You’ll have easy access to the performing arts center as well as a variety of restaurants and shopping centers. Home prices will still fall in the $300,000 range for move-in quality, but there are more foreclosures in this area if you need an even better deal.
Buying vs. Rent to Own Homes
You may have more home-buying options than you realize. While applying for preapproval from a lender to determine how much home you can afford right now is the typical starting point, you can choose to seek out a rent-to-own contract instead. This allows you to start out as a renter with the intention of purchasing the home in the future. You get immediate access to the home, but the deal allows you a grace period to save up a down payment and strengthen your credit so that you potentially end up with a more affordable interest rate on your home loan. If you want to buy a home but could use that extra time, this is a good buying option to consider.
Cost of Living in Santa Ana
Housing is the largest expense for most Santa Ana residents, and transportation comes in second. The overall housing market is a little cheaper than what you will find throughout the state and substantially lower than prices in many other Orange County cities. Yet, some neighborhoods more than double the national average housing index. The cost of groceries and other goods is slightly above the current national average, so you can’t expect to save in other areas to make up for high housing prices.
Santa Ana is considered one of the more affordable areas of Orange County, but the cost of living is still higher than what you would expect from many other areas of the country. Sitting within an hour’s drive of many popular beaches and Los Angeles, residents often feel that the natural beauties of the city more than make up for the prices. The Santa Ana River Trail provides safe outdoor recreation, and there are many small parks throughout the city. This is a great place to live if you want a sunny climate year round, easy access to the coastline and a variety of employment options.
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
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 Santa Ana