The fifth happiest city in the country, Simi Valley is blessed with beautiful views of the surrounding Simi Hills and Santa Susana mountains. It is considered a suburb of Los Angeles, but it is technically situated in neighboring Ventura County. Incomes are high here, crime is low and its Simi Valley High School is nationally ranked. With the Simi Hills at their doorsteps, Simi Valley residents have... Read More
The fifth happiest city in the country, Simi Valley is blessed with beautiful views of the surrounding Simi Hills and Santa Susana mountains. It is considered a suburb of Los Angeles, but it is technically situated in neighboring Ventura County. Incomes are high here, crime is low and its Simi Valley High School is nationally ranked. With the Simi Hills at their doorsteps, Simi Valley residents have many recreation options, including Rancho Simi Recreation and Park District’s 50-plus parks. All of those benefits add up to a community that is attractive to many.The below results are primarily rent to own homes in Ventura County, CA:
The fifth happiest city in the country, Simi Valley is blessed with beautiful views of the surrounding Simi Hills and Santa Susana mountains. It is considered a suburb of Los Angeles, but it is technically situated in neighboring Ventura County. Incomes are high here, crime is low and its Simi Valley High School is nationally ranked. With the Simi Hills at their doorsteps, Simi Valley residents have... Read More
The fifth happiest city in the country, Simi Valley is blessed with beautiful views of the surrounding Simi Hills and Santa Susana mountains. It is considered a suburb of Los Angeles, but it is technically situated in neighboring Ventura County. Incomes are high here, crime is low and its Simi Valley High School is nationally ranked. With the Simi Hills at their doorsteps, Simi Valley residents have many recreation options, including Rancho Simi Recreation and Park District’s 50-plus parks. All of those benefits add up to a community that is attractive to many.The below results are primarily rent to own homes in Ventura County, CA:
As for attractions and landmarks, Simi Valley has plenty of those too. The Ronald Reagan Presidential Library is located here, as is the Simi Adobe-Strathearn House which was the headquarters of the original Rancho SImi land grant. Other fun and historic sites include Grandma Prisbrey’s Bottle Village and the remnants of the Corriganville Movie Ranch now contained at Corriganville Park.
Buying a Home in Simi Valley
Home prices vary greatly in Simi Valley, with the houses ranging in price from $275,000 to $8.25 million. The median sales price is $599,999, but the average asking price is $757,422. While there are 163 houses on the market today, the supply is overshadowed by the demand so prices are expected to rise in coming months. On the other hand, homes are staying on the market for a respectable 109 days, and more than one-third of the properties experienced a price decrease. The price per square foot is currently $285, up 25 percent over the past three years.
Popular Neighborhoods in Simi Valley?
The Wood Ranch area is a popular community with some gated neighborhoods, stellar schools, nicely sized homes built within the past 15 years and proximity to the Wood Ranch Golf Course. Prices in these neighborhoods range from $480,000 to $880,000. More modest neighborhoods are equally attractive to families, including those in Central Simi Valley. Homes are more mature here, but prices are often more affordable, the views are excellent and stores, restaurants and services are nearby.
Buying vs. Rent to Own Homes?
Purchasing a home the traditional way requires that you qualify for a mortgage, supply a hefty down payment and handle countless documents and issues. Purchasing a home through a rent-to-own arrangement is more relaxed. While you’ll negotiate terms with the homeowner, go through a credit check and pay an option fee, the process is much less time-sensitive. The option fee is less than a down payment, and as an additional benefit, the fee is usually credited toward your eventual down payment. These arrangements usually last one to three years, but you can move into your new home immediately.
Cost of Living in Simi Valley?
Although Simi Valley residents spend about 62 percent more than the national average on living expenses, the area is fairly affordable by Southern California standards. Unsurprisingly, local residents’ largest expense is housing, costing $2.71 for every dollar most other Americans spend on housing. Other expenses are just a tad higher than in the rest of the country. Food, health care, utilities and transportation are 7 to 15 percent more costly than the national average. On a positive note, living in Simi Valley is 10 percent cheaper than living in Los Angeles and 90 percent cheaper than living in neighboring Calabasas.
Named the Safest City in America, Simi Valley is nationally recognized for its quality of life, low crime rates and high-performing schools. Its location in the hills north of Los Angeles County gives it an Old West atmosphere, and its history as an original Alta California rancho and mid-century Western movie set add an extra dose of charm. The fact that Simi Valley is home to the Ronald Reagan Presidential Library gives the city even more cowboy panache. There are many spacious ranches spread throughout the region, but most homeowners prefer the comfortable and welcoming neighborhoods in the central part of the city. Here, home styles range widely, and prices are generally affordable for the region.
Summary
Named the Safest City in America, Simi Valley is nationally recognized for its quality of life, low crime rates and high-performing schools. Its location in the hills north of Los Angeles County gives it an Old West atmosphere, and its history as an original Alta California rancho and mid-century Western movie set add an extra dose of charm. The fact that Simi Valley is home to the Ronald Reagan Presidential Library gives the city even more cowboy panache. There are many spacious ranches spread throughout the region, but most homeowners prefer the comfortable and welcoming neighborhoods in the central part of the city. Here, home styles range widely, and prices are generally affordable for the region.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
About Our Listings
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.