I have moved Cross Country many times & understand that you are facing an amazing amount of detail & number of decisions as you plan your move.
I am not a big fan of lease-purchase. In my experience, the lease amount in the Prescott area usually does not cover or barely covers the landlord/seller's costs of ownership, so you will most likely not be given any financial credit for the lease time. As the market swings (in this market - probably down) the purchase price at the end of the lease typically does not represent the market value of the home & the deal is rarely consummated.
I also feel that you would be limiting your options. If you do not want to purchase right away: find a comfortable, budget friendly place to live while you determine which neighborhood & home best fits your needs. This gives you time to seek out the best place at the price that meets your family's goals. If you limit your search to lease options - you may end up settling for less than what you want.
You may have to make a second move, but being in a great home in a great neighborhood when you purchase may well be worth the hassle.
or http://rentals.bradbergamini.com to look at properties for lease.
Good Luck I know you will love Prescott AZ.
Yes there are plenty lease purchase or owner carry homes in Prescott. The big question is what do you have for a down payment and how much can you aford monthly. Here is a list of the options.
Call/email/text if you need help,
I agree with your strategy. It is a good idea to rent so you can check out the area. I have clients looking for a lease option. To be honest, there are not many of these listed on the market. I have worked out deals with homeowners having trouble selling their home. There are several homeowners having trouble selling. Given these deals, the chances of working out a 12 month lease with an optin to buy is very good. Making deals with homeowners also opens up your options to almost anything. Good luck to you. I hope you love Prescott as much as I do. Give me a call if you need further assistance.
A Lease with and Option to Buy or an Owner May Carry financing home are possibilties. Keep in mind, that you will usually not get the best price or interest rate for this type of home. If so, the seller would drop the price and sell to a buyer with financing rather than carry the loan or lease option.
Your Realtor can provide a list of these homes to you with pictures and details.
Arizona Homes and Land
There are many home on the market here that have those options they are called â€œLease Optionsâ€ A Lease Option is to where you can negotiate the price now and at the end on the term or prior to expiring of the option you can purchase the home for that price. This is a good way to go as you are not obligated to execute the option and you can walk away from it at the end of your lease.
Feel free to give me a call if I can be of further assistance.
Marijane Wilhelmsen â€“ Realtor