Rent to Own Homes in Santa Maria
This part of Santa Barbara County is also a haven for all wine enthusiasts. You can follow the Foxen Canyon Wine Trail or visit some of California's best wineries and vineyards. This includes the Presqu'ile Winery, the Rancho Sisquoc Winery and the Riverbench Vineyard and Winery. There are also some wine tasting rooms where you can enjoy a tasting session before selecting the best varieties to take home. Even if you don't enjoy sipping wine, the vineyards create spectacular views as you travel through this area of California.
Buying a Home in Santa Maria?
The median sales price for homes in Santa Maria is approximately $350,000, but there are many homes worth more than $1 million in this area. It's common for buyers to pay more than $200 per square foot, and some homes can go much higher than that. Most of the city's public schools have average ratings, but Orcutt Junior High School receives excellent ratings. When selecting the best neighborhood for your home, consider the proximity to work, school and entertainment venues that you may frequent because public transportation isn't convenient from all areas of the city.
Popular Neighborhoods in Santa Maria?
The best neighborhoods in Santa Maria are positioned in the southern half of the city. The safest neighborhoods are south of the mall on Main Street, and you'll find a variety of neighborhoods with homes in all price ranges when you stay in that southern region. The neighborhoods close to Orcutt are some of the nicest, but they also feature the largest homes with the highest prices. The general rule when moving to Santa Maria is to stay as far south as your budget your will allow you to live comfortably.
Buying vs. Rent to Own Homes?
If you have to rent until you're ready to purchase a home, why not rent your way to homeownership? This is a special rental agreement that allows you to live in a home right away with the intention of purchasing the property before a designated date. You can live in the home while you save money or clean up your credit so that you can earn a lower interest rate when it's time to take out a home loan. This is better than simply renting because a portion of your rental payments may count toward your down payment, and you don't have to pack up and move once you close on your new house.
Cost of Living in Santa Maria?
California cities are known for high costs of living when compared against the rest of the country, and Santa Maria is no exception. The housing index is typically between 30 and 60 percent above the national average, and most everyday expenses are at least 10 percent higher than average. There are ways to conserve energy so that your utility bills are more reasonable, and you can often save money by gardening at home or shopping at farmer's markets. If you're moving to California from another state, the higher cost of living is something for which you should plan ahead.
While the cost of housing in Santa Maria is higher than national averages, the cost of living is in line with most cities in California. You'll find a lot of vineyards and wineries in this area, and you can drive out to the ocean in less than an hour without traffic. With a long list of entertainment venues in town and good opportunities for employment, this is a beautiful city to call home.
Summary
While the cost of housing in Santa Maria is higher than national averages, the cost of living is in line with most cities in California. You'll find a lot of vineyards and wineries in this area, and you can drive out to the ocean in less than an hour without traffic. With a long list of entertainment venues in town and good opportunities for employment, this is a beautiful city to call home.
Rent to Own Realtors
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
About Our Listings
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
Sign up for one of our free listings so that potential buyers can find you when they look for rent to own homes near me online.
- 93458
- 93455
- 93454
- 93456
- 93457