Rent to Own Homes in Harrisonville
Harrisonville is a small city with approximately 10,000 residents that is found south of St. Louis in western Missouri. This location allows residents to reach several larger cities within two to four hours, but there aren't many big cities closer to the town. The overall cost of living in Harrisonville tends to stay close to the national average even though the housing market often drops significantly below average. The median home value in Harrisonville is significantly below $200,000, and most buyers have no problem finding affordable homes even in some of the city's most desirable neighborhoods.
Harrisonville is a small city that sits approximately 35 miles south of St. Louis on the western edge of Missouri. This location places residents within a three-hour drive of Tulsa, a four-hour drive of St. Louis and a two-hour drive of Topeka, Kansas. Some of the biggest attractions within city limits include City Park, North Park, Lords Park and Harrisonville Golf Club.
The below results are primarily rent to own homes in Cass County:
Harrisonville is a small city with approximately 10,000 residents that is found south of St. Louis in western Missouri. This location allows residents to reach several larger cities within two to four hours, but there aren't many big cities closer to the town. The overall cost of living in Harrisonville tends to stay close to the national average even though the housing market often drops significantly below average. The median home value in Harrisonville is significantly below $200,000, and most buyers have no problem finding affordable homes even in some of the city's most desirable neighborhoods.
Harrisonville is a small city that sits approximately 35 miles south of St. Louis on the western edge of Missouri. This location places residents within a three-hour drive of Tulsa, a four-hour drive of St. Louis and a two-hour drive of Topeka, Kansas. Some of the biggest attractions within city limits include City Park, North Park, Lords Park and Harrisonville Golf Club.
This city was named after congressman Albert G. Harrison and was founded in 1837 on land donated to Cass County. As of the 2010 census, there were approximately 10,000 people residing within city limits. The average family size was about three people, and the average household size was just under three people. According to the 2000 U.S. census, the median income per household was around $40,000, and the median income per family was close to $50,000.
There are several registered historic places within Harrisonville city limits, including the Harrisonville Courthouse Square Historic District. Residents are served by the Harrisonville R-IX School District, which includes Harrisonville High School, a middle school and a couple elementary schools. There is also an early childhood center for preschoolers, and older students can take advantage of the Cass Career Center. The Cass County Public Library operates a small library within Harrisonville city limits.
Buying vs. Rent to Own Homes
The difference between buying a home and signing up for a lease-option depends on your timeframe and how much money you spend on buying the house.
When you buy a house outright, you pay for the fair market value of the home plus interest and other fees charged by your financial lender, if you have one. You buy the property today and immediately start building equity in it.
However, when you rent to own, you won’t own the home until you close on the property, which could be as far as three years from today. You’ll also pay rent monthly, and you don’t get that money back.
There are some fees that you pay for rent to own that you’ll get back as a credit towards the price of your home, like option fees and rent credits. These count as equity on the home, but they’re not on the scale of equity you would build with a mortgage. Therefore, these don’t add anything on to the price you pay for the home the way that rent does.
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
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
Sign up for one of our free listings so that potential buyers can find you when they look for rent to own homes near me online.
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