Rent to Own Homes in Durant
Today, the city of Durant is a part of the Durant Micropolitan Statistical Area, the Choctaw Nation of Oklahoma and Bryan County. It's positioned in the Texoma region of Oklahoma, approximately 30 miles north of Sherman and 40 miles south of Stringtown. The city is home to Southeastern Oklahoma State University, Durant Regional Airport and the Choctaw Casino and Resort.The below results are primarily rent to own homes in Bryan County, OK:
Today, the city of Durant is a part of the Durant Micropolitan Statistical Area, the Choctaw Nation of Oklahoma and Bryan County. It's positioned in the Texoma region of Oklahoma, approximately 30 miles north of Sherman and 40 miles south of Stringtown. The city is home to Southeastern Oklahoma State University, Durant Regional Airport and the Choctaw Casino and Resort.The below results are primarily rent to own homes in Bryan County, OK:
Some of the main attractions in the Durant area include the Fort Washita Historic Site, the Durant Multi-Sports Complex, the Three Valley Museum and the Elements Art Center. Some of the major employers include the Choctaw Nation of Oklahoma, the university, the Medical Center of Southeastern Oklahoma, Durant Public Schools and distribution centers for some large retailers. For family-friendly fun outside of work hours, the city hosts community events like the annual Magnolia Festival and the Oklahoma Shakespearean Festival.
Buying a Home in Durant?
With quality public schools, low crime rates and median real estate listing prices around $200,000 or below, it's not surprising that approximately 60 percent of Durant residents own their homes. The price of homes can fluctuate significantly from year to year, and you may have to watch closely to catch listings for homes that meet your needs. If you're moving to Durant with children, note that some of the best schools are Robert E. Lee Elementary School, Durant Middle School and Durant High School.
Popular Neighborhoods in Durant?
One of the most popular Durant neighborhoods is located north of the Choctaw Casino and west of U.S. Route 75. This community is known as Ury and features some of the highest real estate prices. There are some newer homes in the area, and most houses have two or three bedrooms. The community features a mix of rental homes and owner-occupied homes. For lower real estate prices in a safe neighborhood, look in the area surrounding the university. You can expect to pay around $100,000 for homes in this area.
Buying vs. Rent to Own Homes?
If you plan on purchasing a home in Durant within the next three or four years, you may want to take advantage of rent-to-own homes. These properties allow you to start out renting a house that you would like to buy in the near future. Most contracts will give you at least one year to purchase the property, so you can consider yourself on the way to owning your home once the contract is signed. This is your chance to rent today and own tomorrow.
As home to the Oklahoma Shakespearean Festival and the Multi-Sports Complex, Durant is a family-friendly town in southern Oklahoma with more than 15,000 residents. The city is central to the Choctaw Nation of Oklahoma, and the Nation serves as one of the area's leading employers. The city is home to a university campus and airport, and it offers residents a reasonable cost of living with a thriving economic system.
Summary
As home to the Oklahoma Shakespearean Festival and the Multi-Sports Complex, Durant is a family-friendly town in southern Oklahoma with more than 15,000 residents. The city is central to the Choctaw Nation of Oklahoma, and the Nation serves as one of the area's leading employers. The city is home to a university campus and airport, and it offers residents a reasonable cost of living with a thriving economic system.
Rent to Own Realtors
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
About Our Listings
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
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