Rent to Own Homes in Columbia
The City of Columbia also gives you immediate access to the Columbia Regional Airport and several national highways. You can commute to surrounding cities or head out on a road trip with ease, and a long list of state parks and recreational areas await you back home. When you’re not earning money or studying, you can visit the Rock Bridge Memorial State Park, Big Muddy National Fish and Wildlife Refuge and a variety of smaller parks located within city borders.
Buying a Home in Columbia?
The median listing price for homes in Columbia, Missouri, is typically under $350,000, and you can expect median sales prices slightly higher than listing prices. It’s common for homes in desirable neighborhoods to receive several offers before a sale is final, so you want to make an aggressive offer and work closely with a professional experienced in the local real estate market. While homes with four or more bedrooms can easily sell for more than $400,000 in this city, you can easily find homes with three or fewer bedrooms for less than $300,000.
Popular Neighborhoods in Columbia?
The largest and most popular neighborhood in Columbia is found south of West Route K, filling the southern tip of the city. It’s known as the Pierpont or McBaine neighborhood, and most of the homes in this area are occupied by their owners. You’ll find mostly medium and large-sized homes on family-friendly streets, including a mix of older homes and new builds. You can expect a low vacancy rate in this area, and some of the best Columbia schools are nearby.
Buying vs. Rent to Own Homes?
When you purchase a rent-to-own property, you can move into your home faster while eliminating the stress of producing a large down payment to secure financing right away. You get to move into your new home while improving your credit score and finding the best lender for your mortgage loan. When you’re ready to make the home officially yours, you have the right to purchase the home and transition from a renter to a homeowner. Not all Columbia homes will offer this type of agreement, but it’s a good idea to keep your eyes open for opportunities that fit your needs.
Cost of Living in Columbia?
Residents of Columbia, Missouri, enjoy affordable home prices while spending at least 10 percent less on transportation than many of their neighbors throughout the United States. The overall cost of living for the city can go as low as 5 percent below the national average, and the cost of food, goods and services will typically fall under the national average as well. Utilities are often slightly lower than average, keeping your overall housing expenditure reasonable.
Columbia, Missouri, offers an affordable cost of living with many family-friendly neighborhoods, but it’s also well known for its active arts community. As home to the University of Missouri and Columbia College, this is a town that will allow you to boost your credentials while staying close to home. This is also a growing city with many job opportunities, and you’ll enjoy easy access to the highway for travel and many outdoor recreational areas for fun in the sun.
Summary
Columbia, Missouri, offers an affordable cost of living with many family-friendly neighborhoods, but it’s also well known for its active arts community. As home to the University of Missouri and Columbia College, this is a town that will allow you to boost your credentials while staying close to home. This is also a growing city with many job opportunities, and you’ll enjoy easy access to the highway for travel and many outdoor recreational areas for fun in the sun.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
About Our Listings
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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