Rent to Own Homes in Tucson
Traveling around the Tucson area and beyond is relatively easy too. United States Interstate 10 runs through the city, heading west as far as Santa Monica, California, and east as far as Jacksonville, Florida. Tucson International Airport in South Tucson is just minutes from the city center.
Buying a Home in Tucson?
Attracted by Tucson's abundant features, many home buyers are looking to settle in the area. That popularity is revealed in a rising volume of home sales. Tucson's total home sales volume increased more than 20 percent from 2014 to 2015, and the average home price escalated 2.74 percent to $216,517 from April to May 2015. The median home price here is $171,250, up 2.24 percent. At the same time, the number of homes on the market decreased to 5,250, and the number of new listings fluctuate monthly. Homes in Tucson sell within 62 to 65 days of being placed on the market, which is slower than the national average of 39 days.
Popular Neighborhoods in Tucson?
At Tucson's heart lies its downtown region, full of historic neighborhoods offering bountiful cultural activities. Popular downtown neighborhoods include Armory Park for its Queen Anne and American Territorial style homes. Bungalows in the nearby Sam Hughes neighborhood are also a favorite of families, professors, artists and professional athletes. North Tucson's Catalina Foothills neighborhood is one of the city's most exclusive, featuring downtown views, high-end shopping centers, well-groomed subdivisions and homes with a median value of $635,441. University employees often prefer the east side's historic, upscale El Canto neighborhood, while military and aerospace families appreciate the south's Civiano neighborhood.
Buying vs. Rent To own Homes?
Tucson house hunters who want to take advantage of today's low home prices should act quickly since prices are steadily increasing. For those who still need a bit of time to build up a down payment, repair a credit score or eliminate some consumer debt, a rent-to-own option may be the answer. Rent-to-own contracts usually lock in the current price of the home and allow the renter/buyer time to take care of financial issues and pay a little extra each month toward the eventual down payment.
Cost of Living in Tucson?
Overall, living expenses in Tucson are 8.5 percent less than in other U.S. cities. Housing is especially affordable here, costing just 74 percent of the national average. Utilities like gas and electric are also more budget-friendly at 87 percent of what residents pay in comparable cities. Food costs are on a par with other U.S. towns, but transportation and health care expenses are slightly higher at 1 and 3 percent above the national average. Even so, the total cost of living in Tucson is modest at 91.5 percent of the U.S. average.
With the majestic Tucson Mountains as its western backdrop and surrounded by other picturesque mountain ranges, Tucson is rich in history, artistry, recreation and plentiful educational and business opportunities. The city's 522,000 residents pay about 26 percent less on housing than in the rest of the nation, creating an affordable, welcoming town. While the average price for a home in the western part of the U.S. is $318,700, homes in Tucson are much more budget-friendly at $216,517. Even with local health care and grocery costs slightly above the national average, Tucson remains an economical city.
Summary
With the majestic Tucson Mountains as its western backdrop and surrounded by other picturesque mountain ranges, Tucson is rich in history, artistry, recreation and plentiful educational and business opportunities. The city's 522,000 residents pay about 26 percent less on housing than in the rest of the nation, creating an affordable, welcoming town. While the average price for a home in the western part of the U.S. is $318,700, homes in Tucson are much more budget-friendly at $216,517. Even with local health care and grocery costs slightly above the national average, Tucson remains an economical city.
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.
Find properties near me with Rent to Own Labs.
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