Rent to Own Homes in Santa Rosa
Santa Rosa is the seat of Sonoma County, and with 174,170 residents, it is the largest city in the North Bay/Wine Country area. Santa Rosa land extends across the Santa Rosa Plain and reaches into the Valley of the Moon, or Sonoma Valley.
Buying a Home in Santa Rosa?
With Santa Rosa’s scenic location surrounded by coastal hills, homes in the area can cost as much as $8.5 million. Luckily, the average home price for a Santa Rosa home is lower at $561,442. There are just fewer than 800 homes currently on the market in Santa Rosa, and most homes sell within 78 days. Sellers aren’t conceding much ground when it comes to price negotiations, since the average selling price is 99.7 percent of the original asking price.
Popular Neighborhoods in Santa Rosa?
A broad mix of singles, families and retirees enjoy the newer homes and subdivisions in Santa Rosa’s southwest area. The community has abundant restaurants and stores, fitness centers and homes with a median price of $390,000. Burbank Gardens is similarly suited to all lifestyles and ages, putting residents in quick proximity to childcare, schools, healthcare and ample parks. Homes in Burbank Gardens have a median sale price of $510,000. Executives and established families delight in the privacy and security found in the gated hillside community of Shiloh Estates.
Buying vs. Rent to Own Homes?
Rent to own homes make the path to home ownership more accessible to a variety of buyers, easing the focus on great credit scores and large down payments and putting the emphasis on accommodating both seller and buyer. One way buyers benefit is in the pricing. Buyers negotiate a home sales price at today’s rates, but don’t complete the purchase and acquire a mortgage until the rent-to-own contract is complete. If home values are higher at that point, rent-to-owners have a bargain. With rent to own homes, buyers also don’t have to wait for escrow to close before they can move in; settling in can happen immediately.
Cost of Living in Santa Rosa?
Santa Rosa residents pay just a little more than the country’s norm for most living expenses. Groceries, transportation, healthcare and utilities cost from 3 to 14 percent more than the national average. The real expense to living in Santa Rosa comes from its housing prices. Locals can expect to pay 131 percent more for housing here than most of the rest of the nation. Altogether, Santa Rosa’s cost of living is 49 percent more expensive than the U.S. average, but about 10 percent less than in nearby Napa and 90 percent less than San Francisco.
Home to the Charles M. Schulz Museum and near Russian River resorts, Santa Rosa is a beloved North Coast town. Its homes range from historic and charming to grand hillside estates and everything in between. Neighborhoods are friendly and as diverse as the city’s homes, with three historic districts and numerous mid-century and newer home developments. Home costs are fairly pricey by national standards, but about average to low when compared to San Francisco Bay Area prices. For many who treasure the city’s prime coastal hills location, Santa Rosa’s cost of living is well worth the price.
Summary
Home to the Charles M. Schulz Museum and near Russian River resorts, Santa Rosa is a beloved North Coast town. Its homes range from historic and charming to grand hillside estates and everything in between. Neighborhoods are friendly and as diverse as the city’s homes, with three historic districts and numerous mid-century and newer home developments. Home costs are fairly pricey by national standards, but about average to low when compared to San Francisco Bay Area prices. For many who treasure the city’s prime coastal hills location, Santa Rosa’s cost of living is well worth the price.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
- 95403
- 95404
- 95407
- 95401
- 95409
- 95405
- 95402
- 95406