Rent to Own Homes in Kansas City
The below results are primarily rent to own homes in :
Kansas City, Missouri is adjacent to Kansas City, Kansas on the map. The cities share a name but are separated by state lines. The city on the Kansas side of that line is often referred to as KCK to differentiate, but many still consider the two cities one larger connected area. KCK is one of the largest cities in the Kansas City Metropolitan Area, the seat of Wyandotte County and proud home of the Kansas City T-Bones baseball team. Kansas City International Airport is located in the northwestern corner of the city, and the Kansas City Zoo is located toward the southern end near Swope Park. Smaller parks are located throughout the city, providing outdoor recreation for residents.
NASCAR and other racing events are popular in Kansas City, and fans enjoy live races at the Kansas Speedway and Lakeside Speedway. The city is also home to Sporting Park where soccer fans cheer on their favorite teams each year, and Community America Ballpark brings baseball fans together for rowdy games as well. When the weather heats up, residents leave their favorite sporting arenas to cool off at Schlitterbahn Kansas City Waterpark.
Buying a Home in Kansas City
Though the median sales price for homes in Kansas City, Kansas is just under $100,000, many homes sell for $300,000 or above in select neighborhoods. This is a city that offers tremendous variety when it comes to housing, so you can find a home that fits your needs regardless of your budget. There are also many home-buyer programs that offer educational classes and financial assistance to buyers. Many of these programs are limited to first-time home buyers, and you must meet financial requirements to qualify for any type of financial help. You can find out more about these programs by contacting the city.
Popular Neighborhoods in Kansas City
Wolcott/Vinewood is one of the most popular Kansas City neighborhoods, especially for families with children. The median home value in the area is around $240,000, but it’s close to public schools and other family-friendly amenities. The Piper/Victory Junction neighborhood is a larger area of the city located to the west of Vinewood, and it’s also a good place for families to find homes in safe communities. If you need lower prices but want to stay in a desirable neighborhood, shop around the Morris neighborhood on the southern edge of the city.
Buying vs. Rent to Own Homes
There are few things more powerful than walking into a home with keys in hand, knowing that it belongs to you. You don’t have to answer to a landlord, and you can decorate and renovate until it reflects your personal style. The problem is that you need to finance the home before those keys are handed to you. If you’re struggling with financing and could use more time to get your paperwork together, save money for closing costs or clean up issues with your credit report, consider a rent-to-own home.
These homes are on the market just like many others, but they give you the option to rent before you secure your loan and make the purchase. As long as you secure financing according to the terms of the agreement, you can turn renting into owning without waiting to move into the home.
Cost of Living in Kansas City
If you’re searching for a city with homes you can afford, Kansas City, Kansas is a great pick. The overall cost of living is approximately 15 percent below the national average, and the cost of housing is about 40 percent below. While utilities are a bit more expensive than what you would pay in many other cities around the country, you can still find affordable food and store-bought goods. Services are priced slightly below the national average as well.
Kansas City, Kansas is located across the state line from Kansas City, Missouri, and many residents consider the area one big city. The Kansas side offers low housing prices and a variety of entertainment venues, including the Kansas Speedway and Lakeside Speedway. From baseball fields and soccer stadiums to NASCAR races, this is a town where sports are appreciated. It’s also a place where family is appreciated, so you will find many family-friendly neighborhoods where kids play outside and adults walk the sidewalks safely.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
About Our Listings
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.