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Rent to Own Homes in Las Vegas

Rent to own Las Vegas

Despite the moniker “What happens in Vegas stays in Vegas” and the myriad casinos, casino hotels, and the popular Vegas Strip, Las Vegas has excellent qualities for those who call the city home. Beyond Fremont Street and the tourist attractions, Las Vegas holds a tight-knit, family-friendly aura and attractions; a quiet life if you will.

For residents interested in history, arts, and culture, the Las Vegas Natural History Museum and the Las Vegas Arts District encourage creativity and information. The University of Nevada-Las Vegas campus provides secondary education to students.

The Las Vegas Arts District encourages participation in the arts. The Las Vegas Natural History Museum highlights some of the most interesting events important to know. Sports fans enjoy mixed-martial-arts action at UFC. Las Vegas also has a professional hockey team. Gambling shopping, parks, casinos, and so many other activities help residents enjoy their lives to the fullest.

Whether you are searching for the bright lights and glitz and glamour along the strip that’s made the city what it is today or you prefer the quaint city life nearby, you are sure to find the perfect place to call home. Las Vegas real estate offers something for everyone, even when you’re searching for property in downtown Las Vegas.

Buying a Home in Las Vegas

Expect your home to be part of an HOA, or Homeowners Association, in Las Vegas. HOA’s have advantages and disadvantages, as you might expect. On the upside, homeowners can expect a beautiful neighborhood without the headaches that some homeowners experience. On the downside, there are many rules and regulations homeowners must follow. Decide if you prefer HOA or HOA-free living before buying a Las Vegas home.

Popular Neighborhoods in Las Vegas

Spring Valley in the Las Vegas Valley area and Queensbridge are two affluent Las Vegas neighborhoods, home to celebrities, doctors and lawyers, and a long list of who’s who in the city. Home prices reflect the status in the neighborhoods, so prepare to spend well-above-average to buy a home. Aliante is a more affordable, family-friendly neighborhood with plenty of parks and outdoor recreation, retail shops, and restaurants. Elkhorn Springs and Summerlin also offer family-friendly amenities in larger homes. Prices for homes in each neighborhood is reasonable for most budgets.

Buying vs. Rent to Own

Found the home of your dreams but credit problems prevent you from qualifying for a mortgage? You don’t have money saved up for a down payment? These are homebuying killers that many people face every single year. People who use the RTO option can move into a home now and buy it later.

Under the rent-to-own contract, you pay an option fee to start the contract and then have the option to buy later down the road. Then, each month, you pay rent and a premium fee for a period specified at the beginning of the agreement. The premium fee is put towards the costs of the down payment when you buy, something that usually happens within three years. Choosing rent to own properties allows you time to build your credit and save more money to put on the down payment without wondering where you will live in the meantime.

Cost of Living in Las Vegas

The cost of living in Las Vegas is slightly higher across Las Vegas than the national average. Groceries and goods cost more in Sin City than you would pay elsewhere but the good news is that housing costs are below the national average. Most people in Las Vegas own a vehicle, which is a good thing since public transportation is more expensive and lackluster.

Summary

If you are searching for a fun, thrilling place to call home that also has a softer side for family living, Las Vegas is the perfect place to live. It’s a great place for anyone who enjoys the entertainment industry as well as for entrepreneurs.  There are tons of available job opportunities for skilled and nonskilled individuals plus a vast selection of homes in great diverse neighborhoods. Las Vegas is exciting any day or night of the week, but you can always get away from the hustle and bustle of the city life if you choose.

Rent to Own Realtors

Realtors avoid rent to own homes because they do not provide immediate profit. Realtors work on a commission basis, so this leaves them without much incentive to sell such a home. That is why you should start your search for a Las Vegas rent-to-own home with us. Our listings provide personal sellers willing to work with renters on a rent-to-own basis.

Rent-to-own is great for most people looking to buy a home but who may not qualify to buy under traditional terms. It works wonderfully for people with bad credit and people that need time to save money for the down payment on the home. Additionally, an RTO contact saves money since you lock in today’s home prices for the purchase.

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City of Las Vegas, NV Demographic Information

  • Population:1,030,452
  • White Population:725,728
  • Black Population:94,195
  • Hispanic Population:233,349
  • Asian Population:60,910
  • Hawaiian Population:4,940
  • Indian Population:8,135
  • Other Population:91,738
  • Male Population:524,408
  • Female Population:506,044
  • Avg House Value:$154,686
  • Avg Household Income:$51,853

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