Rent to Own Homes in Lee's Summit
The below results are primarily rent to own homes in Jackson County, MO:
The Missouri Pacific Railroad was critical in the development of the Missouri city that we now call Lee’s Summit. The city’s original founder, William Howard, left the area during the Civil War but later returned when he learned that the railroad was expanding there. Originally named the Town of Strother, the city was renamed in honor of Dr. Pleasant John Graves Lea, who was a well-respected early settler in the region. The city now boasts just over 90,000 residents and was once named one of the best places to live in the United States by CNN.
Located on the western edge of Missouri approximately 20 miles away from Kansas City, Lee’s Summit is home to Missouri Town 1855. This preserved historical attraction is positioned near Lake Jacomo and delivers an impactful story about life prior to the Civil War. The city is also home to the Longview Mansion & Farm and Lee’s Summit Historical Cemetery.
Residents living in Lee’s Summit today have access to Longview Community College as well as some high-quality public elementary, middle and high schools. Families are well served by Legacy Park, which offers fields for baseball and softball games, soccer fields and a large community center with a swimming pool and fitness center. The downtown area will make you feel as if you’ve stepped back in time, but it also serves as a cultural and retail center that pulls the larger community together.
Buying a Home in Lee’s Summit
The average listing price for homes in Lee’s Summit is typically around $300,000. You’ll find hundreds of homes on the market at any given time, so you should have plenty of options when it comes to finding the perfect property for your household. Since most of the city’s public schools are highly rated, you can focus on identifying a neighborhood that meets your financial goals as well as your lifestyle needs. Whether you’re commuting to Kansas City for work or want to stay close to a public park and other outdoor recreational areas, there are neighborhoods to suit your daily life.
Popular Neighborhoods in Lee’s Summit
Are you searching for a scenic neighborhood with large homes positioned on tree-line streets? You’ll get that plus much more when you purchase a home in the Lakewood neighborhood. The community is centered on a large lake and features spacious homes with well-manicured lawns. This is a master-planned community with homes selling for as little as $200,000 and much as $3 million. This is a good option if you want to spend your time out boating or kayaking. Another popular neighborhood that isn’t quite as luxurious is South Lee. It’s located just north of route 150 and south of Southwest Scherer Road. You can expect median prices around $250,000 in this area.
Buying vs. Rent to Own Homes
Do you get a little nervous when you think about walking into a bank and asking for a mortgage loan? Many people break out into a sweat when they imagine this scenario, but it’s an important step in the home-buying process. If you know that you can enhance your credit score or otherwise improve your chances of qualifying for a low interest rate, give yourself more time by finding rent-to-own homes in Lee’s Summit. These properties allow you to rent today and buy sometime in the future, so you have more time to get that loan and make the property your own.
Cost of Living in Lee’s Summit
Since the cost of housing in Lee’s Summit is typically around 10 percent higher than the national average, the overall cost of living is just a bit higher than average a well. Healthcare, transportation and utilities are closer to national-average prices, but that isn’t quite enough to balance out the elevated housing prices. If you have a modest income, you may need to budget carefully to live comfortably in this city.
Lee’s Summit is a Missouri city with a colorful history, and the locals embrace that history by maintaining a variety of historical attractions like Missouri Town 1855. The city has been named one of the best places in the U.S. to live, and it’s very family-friendly. You can find homes selling for as little as $200,000 or as much as $3 million, and there are some master-planned communities that deliver a luxurious quality of life. Despite the slightly higher-than-average cost of living, this is a cozy place to live if you want that welcoming small-town atmosphere.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.