Rent to Own Homes in Santa Clara

The city of Santa Clara is dotted with community parks and golf courses, and residents are served by the Santa Clara Unified School District. For those interested in traveling the world or in need of fast escape for business trips, the Mineta San Jose International Airport is located on the eastern edge of the city.

The Santa Clara University is close to the airport, and the local community rallies behind the Santa Clara Broncos. University sporting events are embellished with lively appearances by the Bucking Bronco mascot, and local fans refer to themselves as “Ruff Riders.” When they aren't cheering on their team, locals enjoy the city's many entertainment venues, including Great America and Boomerang Bay. From the double-decked Columbia Carousel to rides like the Grizzly roller coaster, there's no end to the fun that residents and visitors can have in this fast-paced city.

Buying a Home in Santa Clara

You can expect median home prices around $900,000 in Santa Clara. Many home buyers pay upwards of $600 per square foot for spacious single-family homes, and many homes offer upscale amenities that make life more comfortable. Smaller homes with one or two bedrooms are often listed for less than $600,000, and you can sometimes find deals on larger established homes that may need some repairs before move-in day.

The Santa Clara housing market is often intense, and it's common for sellers to receive more than five offers before their property is sold. It's best to work with an experienced agent who will show you properties that fit your needs soon after they hit the market. Waiting to view a property and place your offer could cost you the home of your dreams because homes often move quickly in the city's best neighborhoods.

Popular Neighborhoods in Santa Clara

One of the most popular residential areas in Santa Clara, California, falls between Lafayette Street and the Guadalupe River on the north side of the Montague Expressway. The median home price in the area is under $1 million, and you will find many small to medium-sized homes along prestigious streets like Agnew Road. This is a popular area for business executives and professionals as well as families.

If you have a tighter housing budget, you may consider the neighborhood surrounding Cabrillo Middle School. Median home prices are closer to $700,000, and it's a family-friendly area close to some of the best Santa Clara public schools. This is a diverse community with many working professionals as well as growing families.

Buying vs. Rent to Own Homes

Why stress out over the home-buying process when you can take it at your own pace? When you search for Santa Clara rent-to-own homes, you open up new possibilities for your journey towards homeownership. These properties can vary when it comes to specific terms, but the basic idea is to move into your home as a renter with the expectation that you will purchase the property within a specified time frame.

This gives you time to get comfortable in the neighborhood or improve your credit score so that you can qualify for more affordable home loan terms. Some rent-to-own properties even allow you to use a portion of your rental fees towards your down payment when you buy the home.

Cost of Living in Santa Clara

As you may expect for a prestigious Silicon Valley city, the average cost of living in Santa Clara more than doubles the national average. This is mainly reflective of the housing market, which is easily four times the national average for housing expenses. Prices for food, healthcare, utilities, transportation and other goods or services are closer to the national average, but you have to budget for the overwhelming cost of housing when moving into this city.

Summary

What more could you ask for than a home near the San Francisco Bay that places you near many technology companies offering high-paying jobs to educated candidates? If you're a business professional or entrepreneur, Santa Clara will place you in the heart of Silicon Valley. While the cost of housing is four times the national average, the location comes with beautiful weather year round and many employment opportunities. This is a fast-paced city located within five miles of San Jose and Sunnyvale, and there are many family-friendly neighborhoods located near quality 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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