Rent to Own Homes in Sunnyvale
Sunnyvale is a growing city in northern Texas that rests toward the southern tip of Lake Ray Hubbard. This location is about 15 miles east of Dallas and 45 miles east of Fort Worth. Tyler is about 80 miles to the southeast, and Sherman is about 65 miles to the north. This places Sunnyvale residents within a one-hour drive of many scenic vacation spots that don’t require a lot of travel. Mesquite is about a 10-minute drive to the west.
The below results are primarily rent to own homes in Santa Clara:
Sunnyvale is a small city in northern Texas that has experienced slow but steady growth since the 1960s. The city is home to a few large parks and is a short drive from a large lake and two larger cities with thriving job markets. Residents have a short commute to Dallas plus a variety of large golf courses and a yacht club in the surrounding area. The median listing price for Sunnyvale homes is often around $500,000, and prices may go even higher as the population continues to grow. The overall cost of living is more than 40 percent above the national average.
Sunnyvale is a growing city in northern Texas that rests toward the southern tip of Lake Ray Hubbard. This location is about 15 miles east of Dallas and 45 miles east of Fort Worth. Tyler is about 80 miles to the southeast, and Sherman is about 65 miles to the north. This places Sunnyvale residents within a one-hour drive of many scenic vacation spots that don’t require a lot of travel. Mesquite is about a 10-minute drive to the west.
Some of the more prominent attractions in the Sunnyvale region include Samuell Farm, Town Center Park, Samuell New Hope Park Site, Albon Park, Oaks Branch Park and Heath Golf and Yacht Club. Residents are also a short drive from Windsurf Bay Park and other scenic recreation areas on the shores of Lake Ray Hubbard. Parks near Lavon Lake are less than a 50-minute drive from most areas of Sunnyvale. Mesquite Metro Airport is located just south of the city, and residents are within 30-minute drive of many golf courses and recreation areas in Dallas. Sunnyvale residents are served by the Sunnyvale Independent School District and a community library. The city’s population has grown from fewer than 1,000 residents in 1960 to more than 6,000 residents in 2016.
Buying vs. Rent to Own Homes
There are a few situations in which rent to own makes sense when you have the option to purchase. A good situation to rent to own is when you’re not sure about a home you’re looking at buying, and you want to test it out for a bit before making a final decision. This way, you have less money on the line if you change your mind.
Renting to own is also a good option if you’re close to qualifying for financing, but you need a little bit more time to get there.
Renting to own doesn’t trap you in a lease like normal renting does – you can buy the home whenever you’re ready. That’s why it’s the good option if you almost have a large enough down payment, if your credit score is close to where you need it to be or if you just need a little more time at your job to build your job history. It also works when you’re waiting for your old home to sell so that you have the cash to purchase your new home.
Rent to Own Realtors
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
About Our Listings
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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Reported Annual Crime In Sunnyvale
| Statistic | Sunnyvale | California | National |
|---|---|---|---|
| Murder | 1 | 1,861 | 15,696 |
| Rape | 21 | 12,811 | 124,047 |
| Robbery | 53 | 9,387 | 327,374 |
| Assault | 83 | 52,862 | 764,449 |
| Violent Crime | 158 | 166,883 | 1,197,704 |
| Burglary | 520 | 1,024,914 | 1,579,527 |
| Theft | 1,347 | 197,404 | 5,706,346 |
| Vehicle Theft | 273 | 656,517 | 707,758 |
| Property Crime | 2,140 | 99,349 | 7,993,631 |