Rent to Own Homes in Sylmar
Sylmar is a Los Angeles neighborhood that rests just south of the Angeles National Forest. The community is approximately 10 miles southeast of Santa Clarita and about 20 miles northwest of downtown LA. The Sylmar area is best known for its high concentration of olive orchards and educational facilities. In addition to Sylmar High School and more than 10 additional public schools, there are more than five private schools within the community. The Los Angeles Public Library system also operates a public library in Sylmar.The below results are primarily rent to own homes in :
Sylmar is a Los Angeles neighborhood that rests just south of the Angeles National Forest. The community is approximately 10 miles southeast of Santa Clarita and about 20 miles northwest of downtown LA. The Sylmar area is best known for its high concentration of olive orchards and educational facilities. In addition to Sylmar High School and more than 10 additional public schools, there are more than five private schools within the community. The Los Angeles Public Library system also operates a public library in Sylmar.The below results are primarily rent to own homes in :
The Sylmar community rests in the San Fernando Valley and is home to the Nethercutt Museum, Los Angeles Mission College, Veterans Memorial Community Regional Park, Wilson Canyon Park, MB2 Raceway and Stetson Ranch Park. The Los Angeles Aquaduct is located on the western end of the neighborhood. One perk to living in the Sylmar neighborhood is easy access to large employers throughout Los Angeles and the surrounding county. This includes a growing list of tech companies in addition to hospitals and government employment opportunities. Historically, the neighborhood was known as home to Olive View Hospital, El Retiro School for Girls and an overcrowded juvenile hall.
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
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
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
- 91342
- 91392