Moving is a challenge even when you are just moving a few blocks. But relocating to a new city is one of the top five major life stresses and can be very nerve-racking, especially if you’re unfamiliar with the area.
Home buyers moving to a new area have the difficult, but critical decision as to what neighborhood will be right for their family. It is easy enough to research local school data and home value information, but it is much more difficult to get a flavor for the local retail an restaurant culture and to spot out nearby parks and recreation facilities.
Many people who relocate to a new city or state, such as Jesse Singh who is an executive at HOV Services, are choosing to rent a home before buying. Jesse and his family have had to relocate three times in the past five years, and he hopes their most recent move to Denver will be for keeps.
Jesse was concerned that he would have to move again and not be able to sell his home if that occurred too soon. In addition, although he and his wife have spent a lot of time in Denver hotels, the airport, and the HOV office space, there has been little time in their busy schedule to get to know the Denver metro neighborhoods. My staff at Denver Rent a Home, who are all Colorado natives, were able to alleviate these concerns by finding them a home under a Lease with an option to buy, so that they can take time to get to know the neighborhood without the baggage of a mortgage should they chose to move within the city or need to relocate again.
Another client of Denver Rent a Home, who moved from Scottsdale, AZ to Denver for a business opportunity decided to rent instead of buy when they couldnt sell their home in Scottsdale for the price they wanted. Instead they chose to rent their property in Scottsdale and lease a home in Denver, which worked out great for them. As an added bonus, they are able to become familiar with the Denver area and confirm the schools are right for their two young daughters before committing to a home purchase.
Lease with purchase options are increasingly popular with my clients, especially those moving from another city or state. It feels so good to be able to find great properties for families so they can integrate into a community quickly without the relocation risks folks have had to bear in the past.
If you are relocating and want to try the lease with option to buy route, find a great local agent who knows the area well and is committed to finding the right rent to own properties. This will save you tons of time and heartache as they will be able to do all the research and find the best home in an area that will work for you the first time.