Rent to Own Homes in Duncan
Best known for its location along the Chisholm Trail and its 19th-century rail corridor, Duncan is here today because of those features. They lured town founder Scotsman William Duncan here in 1892, and they contributed to Duncan’s quick growth. Over the years, the city continued to inspire the creation of other successful enterprises, including Halliburton. Residents... Read More
Best known for its location along the Chisholm Trail and its 19th-century rail corridor, Duncan is here today because of those features. They lured town founder Scotsman William Duncan here in 1892, and they contributed to Duncan’s quick growth. Over the years, the city continued to inspire the creation of other successful enterprises, including Halliburton. Residents earn a median income of $39,683 thanks to Halliburton and Duncan's other successful companies. Today, the town's population is 23,431, according to the United States Census Bureau.
Duncan's unique history is part of its allure. Historic buildings like the Old Duncan Library and Chrislip House showcase the city's past, while lovely homes and pretty landscaping create homey spaces for today's families. In fact, Duncan is so awash in cheerful red, purple and pink crape myrtle trees that it is the “Crapemyrtle Capital” of Oklahoma.The below results are primarily rent to own homes in Stephens County, OK:
Best known for its location along the Chisholm Trail and its 19th-century rail corridor, Duncan is here today because of those features. They lured town founder Scotsman William Duncan here in 1892, and they contributed to Duncan’s quick growth. Over the years, the city continued to inspire the creation of other successful enterprises, including Halliburton. Residents... Read More
Best known for its location along the Chisholm Trail and its 19th-century rail corridor, Duncan is here today because of those features. They lured town founder Scotsman William Duncan here in 1892, and they contributed to Duncan’s quick growth. Over the years, the city continued to inspire the creation of other successful enterprises, including Halliburton. Residents earn a median income of $39,683 thanks to Halliburton and Duncan's other successful companies. Today, the town's population is 23,431, according to the United States Census Bureau.
Duncan's unique history is part of its allure. Historic buildings like the Old Duncan Library and Chrislip House showcase the city's past, while lovely homes and pretty landscaping create homey spaces for today's families. In fact, Duncan is so awash in cheerful red, purple and pink crape myrtle trees that it is the “Crapemyrtle Capital” of Oklahoma.The below results are primarily rent to own homes in Stephens County, OK:
Buying a Home in Duncan?
Whether you plan to buy a home outright or pursue a rent-to-own arrangement, Duncan offers many affordable options. There are about 250 homes on the market in Duncan, listed at a median price of $115,000. The median closing price of a home in Duncan is a very economical $80,000. This median sales price is well below the national median price of $201,000. While there are less than 20 single family homes for rent in Duncan, rent is affordable at an average of $939 per month. For the past three years, home prices have fluctuated between $50 and $63 per square foot. As a result, you’ll find numerous bargains in Duncan.
Buying vs. Rent to Own Homes ?
Many homebuyers find that renting to own a home provides a more economical way to ease into homeownership. For many, it’s a more comfortable, flexible process too. With a conventional home purchase, buyers must provide the full down payment and mortgage at the outset. Renting to own is more relaxed, usually requiring a small option fee to start the purchase. Renters make progress on the purchase each month when they pay their rent, part of which goes to the final purchase price. Rent-to-owners then have the length of the contract period to find and finalize a mortgage.
Amiable Duncan, Okla., is just 60 miles northeast of Wichita Falls, Texas, and 80 miles southwest of Oklahoma City. The town offers all of the delights of small-town living with large-city amenities. From the Chisholm Trail Heritage Center to the area’s many golf courses, there’s plenty to see and do in Duncan. Several large employers like Halliburton, Family Dollar Distribution Center and Duncan Regional Hospital provide work for locals. The town also boasts very affordable homes, half of which cost less than $80,000.
Summary
Amiable Duncan, Okla., is just 60 miles northeast of Wichita Falls, Texas, and 80 miles southwest of Oklahoma City. The town offers all of the delights of small-town living with large-city amenities. From the Chisholm Trail Heritage Center to the area’s many golf courses, there’s plenty to see and do in Duncan. Several large employers like Halliburton, Family Dollar Distribution Center and Duncan Regional Hospital provide work for locals. The town also boasts very affordable homes, half of which cost less than $80,000.
Rent to Own Realtors
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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