Rent to Own Homes in Missoula

Getting around town and the region is easy, too, with Interstate 90 bisecting the city. For more distant travels, Missoula County Airport Authority’s Missoula International Airport is less than 10 minutes from downtown.

Buying a Home in Missoula

Homes in Missoula have a median price of $269,000, about six percent higher than last year. Homes don’t sell very quickly, though, with homes lasting on the market about 117 days. This gives homebuyers a bit of time to review their options. Because of the city’s large university population, local real estate agents recommend that buyers and renters avoid searching for a home in August or January, the start of university semesters.

Buying vs. Rent to Own Homes

Although half of Missoula’s homes sell for less than $269,000, breaking into a robust housing market can be tricky. Renting to own a home may offer a sound alternative to a conventional home purchase. A rent to own home gives you time to build up your financial health while living in your new home and making incremental, monthly progress on the purchase. It also allows you to lock in today’s home prices while waiting a year or two to finalize a mortgage.

Summary

For a small town, Missoula earns big praise from around the country. Over the past five years, it has been named one of the top tech hubs of American small towns, <i>Outside Online</i>’s best places to live, Travel Channel’s best cycling cities and Milken Institute’s best cities for successful aging. It has earned a place on America’s Promise Alliance list of Top 100 Communities for Young People six times. Missoula is celebrated for its natural beauty, superb university, educated workforce and thriving business community. Spacious homes, strong local services and excellent transportation options also help keep the city vibrant and appealing.

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

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.