Rent to Own Homes in Temecula
Visitors as well as residents also enjoy trips to Temecula Creek Inn, which is located near many California wineries. Wine tours and other events are scheduled regularly through Temecula Valley Wine Country. Living in town means easy access to some of the finest wines the state has to offer, which visitors travel long distances just to taste. The city is also loaded with casinos, resorts, spas and prestigious golf clubs.
Buying a Home in Temecula?
Though the median listing price for Temecula homes is typically close to $500,000, the median sales price often hovers much closer to the $400,000 mark. Many homebuyers pay just under $200 per square foot, and it’s common for homes to receive two or more offers before a sale is finalized. It’s important to maneuver this aggressive housing market with a professional knowledgeable about the local real estate market.
If you have children, look for homes close to private schools or the highest quality public schools. Great Oak is the top-ranked high school, and Margarita Middle and Erle Stanley Gardner Middle are the best junior high options. All three elementary schools in town are ranked highly.
Popular Neighborhoods in Temecula?
If you want to live close to a variety of parks, walking trails and golf courses, you can’t beat the Paseo Del Sol neighborhood. The residential area is surrounded by beautiful spots for outdoor adventures, including some of the more challenging golf courses in town. The homes are large and may cost more than homes in other areas, but there are many perks that come with the price tag.
If you want to pay a little less for your home but don’t want to sacrifice a family-friendly living environment, look at the Temeku Hills neighborhood. It’s located near the Temeku Hills Golf Course and Country Club, and it’s common to find homes selling for less than $500,000 there.
Buying vs. Rent to Own Homes?
The first step to purchasing a home is typically to apply for pre-approval or pre-qualification from a bank or another lender. A letter of pre-approval will prove to sellers that you’re a serious buyer with the ability to close a deal, but the lender must review your financial documentation and check your credit report before determining how much money they’re willing to loan you.
If you’re ready to buy a home but aren’t ready to submit to that in-depth financial review, a rent-to-own property is ideal. You move into the home as a renter, but you have the right to purchase the property before a specified date. You can take the time to prepare for the home-buying process without concern that someone else will buy your dream home in the meantime.
Cost of Living in Temecula?
The overall cost of living in Temecula can rise beyond 40 percent of the national average at times, mostly due to the high cost of housing. The housing index can easily double the national average, but that is offset some by lower prices for most goods and services. You can still expect transportation and utilities to cost more than the national average, so keep that in mind when determining how much money you can afford to pay for a home.
Temecula is a southern California city well known for its wineries and professional-level golf courses. There are resorts and a variety of cultural landmarks that bring many visitors into town, and residents have immediate access to all of those hot spots year round. Whether you’re a wine aficionado or you just want to take advantage of the parks and walking trails scattered throughout the city, there’s a good chance that you’ll find your place in the Temecula community.
Summary
Temecula is a southern California city well known for its wineries and professional-level golf courses. There are resorts and a variety of cultural landmarks that bring many visitors into town, and residents have immediate access to all of those hot spots year round. Whether you’re a wine aficionado or you just want to take advantage of the parks and walking trails scattered throughout the city, there’s a good chance that you’ll find your place in the Temecula community.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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