While West Jordan is considered a suburb of Salt Lake City, it has its own thriving economy and some of the best mixed-use developments in the state of Utah. One of the most popular developments is Jordan Landing, which features close to two million square feet of retail and restaurant space alongside more than 200 family homes and a variety of condominiums and apartment buildings. This is the development... Read More
While West Jordan is considered a suburb of Salt Lake City, it has its own thriving economy and some of the best mixed-use developments in the state of Utah. One of the most popular developments is Jordan Landing, which features close to two million square feet of retail and restaurant space alongside more than 200 family homes and a variety of condominiums and apartment buildings. This is the development that you would find in many big cities today, and that makes West Jordan more than your typical suburb.The below results are primarily rent to own homes in Salt Lake County, UT:
While West Jordan is considered a suburb of Salt Lake City, it has its own thriving economy and some of the best mixed-use developments in the state of Utah. One of the most popular developments is Jordan Landing, which features close to two million square feet of retail and restaurant space alongside more than 200 family homes and a variety of condominiums and apartment buildings. This is the development... Read More
While West Jordan is considered a suburb of Salt Lake City, it has its own thriving economy and some of the best mixed-use developments in the state of Utah. One of the most popular developments is Jordan Landing, which features close to two million square feet of retail and restaurant space alongside more than 200 family homes and a variety of condominiums and apartment buildings. This is the development that you would find in many big cities today, and that makes West Jordan more than your typical suburb.The below results are primarily rent to own homes in Salt Lake County, UT:
Living in West Jordan gives you access to the Jordan River Parkway walking trails, the Jordan Valley Medical Center and Salt Lake Community College. Families in search of indoor activities often end up at the Hollywood Connection Family Fun Center, which offers mini golf and a skating rink plus dining options. Salt Lake City attractions like Seven Peaks Water Park and the International Peace Gardens are also a short drive away.
Buying a Home in West Jordan
Since West Jordan is a city experiencing rapid development, more home buyers are coming to the city and new constructions are listed on the market on a frequent basis. This has created an increase in home prices and property values in recent years, and the prices are expected to continue climbing by as much as five percent each year. You can still find some affordable homes in the city, but you may want to look to established neighborhoods with older homes that are still in move-in condition.
Popular Neighborhoods in West Jordan?
If West Jordan residents were to vote for the best neighborhood in the city, many would give their votes to the Dalton community. This is a large neighborhood on the southern tip of the city, and it includes some of the most popular schools. Median home prices in the area are close to $350,000, and vacancy rates in the area are always low. You will find a lot of large homes with four or more bedrooms, but there are some smaller homes as well.
Another popular neighborhood forms a triangle in the area south of route 209 and east of route 154. It incorporates Salt Lake Community College, and the median home price is around $300,000. Most homes in the area are occupied by their owners, and the location is convenient to the Glenmoor Golf Course.
Buying vs. Rent to Own Homes
When you buy a home, you have to find a lender willing to work with your credit and come up with a sizable down payment. You should also cross your fingers and hope that you qualify for a reasonable interest rate because that can determine how much you end up paying each month for your mortgage. If all of that sounds overwhelming but you know that you want to purchase a home, consider going with a rent-to-own property instead.
This is a modern contract option that allows you to live in the home as a renter before you officially purchase the property. Many future homeowners use their rental period to save up a more substantial down payment, to shop around for the best mortgage deals or to make sure that the surrounding neighborhood is suitable to their lifestyle. Many also find this home-buying option less stressful, since they can take more time preparing for the mortgage loan approval process.
Cost of Living in West Jordan?
While the cost of housing in West Jordan is more than 20 percent higher than the national average, the overall cost of living for the city is almost equal to the national average. The high home prices are balanced by lower-than-average utility and transportation rates. You can also expect to pay slightly less than national averages for most goods and services. Even with the high overall cost of housing, don't rule out affordable homes. You can still find some budget-friendly properties if you look in the right neighborhoods.
West Jordan, UT, is often thought of as a suburb of Salt Lake City, but it is a thriving city that needs little help from its better known neighbor. The city's economy is healthy, and home values are continuously rising from year to year. There are even some impressive multi-use developments bringing new constructions and new jobs to the area. For instance, Jordan Landing is home to more than 200 residents as well as nearly two million square feet of retail and restaurant space. While home prices are higher than in some surrounding cities, you can make up for that by more affordable prices for goods and services.
Summary
West Jordan, UT, is often thought of as a suburb of Salt Lake City, but it is a thriving city that needs little help from its better known neighbor. The city's economy is healthy, and home values are continuously rising from year to year. There are even some impressive multi-use developments bringing new constructions and new jobs to the area. For instance, Jordan Landing is home to more than 200 residents as well as nearly two million square feet of retail and restaurant space. While home prices are higher than in some surrounding cities, you can make up for that by more affordable prices for goods and services.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.