Rent to Own Homes in Santa Clarita
Making the most of its Southern California location, there are a number of Santa Clarita transit options. Los Angeles-area Metrolink trains have three stops in town on the Antelope Valley line, with Santa Clarita Valley Station connecting riders to buses on the various Santa Clarita Transit lines.
Buying a Home in Santa Clarita?
House hunters have a market of 491 single family homes to consider in Santa Clarita, with a median list price of $619,900 and an average list price of $685,300. For homes that are sold, however, the final price is much lower. The median sold price of a home in Santa Clarita is $530,000, and the average price of a single family home sold here is $550,100. Sales are moderately paced, lasting on the market 71 days before selling. Only about 4 percent of all single family homes sold in Santa Clarita are foreclosures or short sales.
Popular Neighborhoods in Santa Clarita?
The shopping hub of Santa Clarita Valley, Valencia’s Old Orchard neighborhood is a delight for families, couples and retirees. One of the area’s oldest neighborhoods, its shady trees, large homes and bike paths give the community a secluded ambiance just minutes from Valencia Town Center. Canyon Country’s terrific valley views, nice homes and gated condo communities are perfect for singles, couples and families who appreciate nearby hiking trails, quick travel to shopping centers and new homes. House hunters who want a unique, older home or a private hillside retreat adore Newhall, where luxury custom homes mix with small cottages.
Buying vs. Rent to Own Homes?
Rent to own homes give relief to home buyers with less-than-excellent credit scores and insufficient down payments. Rent to own homes don’t even require an immediate down payment. Instead, home buyers pay a smaller option fee at the start of the contract and make monthly rent payments for the duration. At the end of the contract, usually one to three years, buyers coordinate a mortgage and supply a down payment. These arrangements also allow home buyers to negotiate the purchase at today’s price, but pay for it in the future when prices will be higher.
Cost of Living in Santa Clarita?
The Tejon Pass connects the “breadbasket of the world,” to Santa Clarita, so it’s not surprising that groceries are Santa Clarita’s least expensive living cost. Even so, groceries here are 10 percent higher than the national average, and healthcare, utilities and transportation are close behind at 11 percent above average. The biggest expense for residents of Santa Clarita is housing, costing 132 percent more than the national average. With all of these expenses combined, locals spend about 48 percent more than the rest of the nation on living costs.
Named one of Money magazine’s best places to live, Santa Clarita has it all: beautiful surrounding mountains with recreation-filled national forests, proximity to Los Angeles and beaches and abundant shopping centers, universities and amusement parks. Homes are pricey but in line with most Southern California towns. Neighborhoods are well-planned and accommodating, offering entrancing views and plentiful conveniences. The cost of living is high compared to the national average, but it’s 15 percent lower than Los Angeles itself.
Summary
Named one of Money magazine’s best places to live, Santa Clarita has it all: beautiful surrounding mountains with recreation-filled national forests, proximity to Los Angeles and beaches and abundant shopping centers, universities and amusement parks. Homes are pricey but in line with most Southern California towns. Neighborhoods are well-planned and accommodating, offering entrancing views and plentiful conveniences. The cost of living is high compared to the national average, but it’s 15 percent lower than Los Angeles itself.
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
Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
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