Rent to Own Homes in Moore
Moore is a growing city in central Oklahoma that rests approximately 10 miles south of Oklahoma City. Interstate 35 runs through the center of the city, and Interstates 240 and 44 are nearby. This keeps Moore residents well-connected to surrounding cities, including Norman, Newcastle and Goldsby. Some of the biggest attractions in this area of the state include the Museum of Osteology, Andy Alligator’s Fun Park and Water Park, Moore Warren Theatre, Buck Thomas Park, Crossroads Sports Complex and Belmar Golf Club.The below results are primarily rent to own homes in :
Moore is a growing city in central Oklahoma that rests approximately 10 miles south of Oklahoma City. Interstate 35 runs through the center of the city, and Interstates 240 and 44 are nearby. This keeps Moore residents well-connected to surrounding cities, including Norman, Newcastle and Goldsby. Some of the biggest attractions in this area of the state include the Museum of Osteology, Andy Alligator’s Fun Park and Water Park, Moore Warren Theatre, Buck Thomas Park, Crossroads Sports Complex and Belmar Golf Club.The below results are primarily rent to own homes in :
The city of Moore was named in honor of a railway employee known as Al Moore. The area was founded in 1889 but wasn’t incorporated as a city until 1893. There were fewer than 150 people residing within Moore city limits in 1900, but there were more than 1,000 people living in the city by 1960. The population boomed to nearly 20,000 residents by 1970, but that was partially due to annexations of nearby communities. In 2016, there were just over 60,000 people living within the expanded Moore city limits. Moore is within the Tornado Alley region of the United States and has experienced multiple tornadoes that devastated large parts of the city. One of the biggest attractions within city limits is the Moore Veterans Memorial, which was created to honor American veterans.
Buying vs. Rent to Own Homes
Rent to own is a great option for people who want to buy a house, but are still working on getting the financing for it. People who are anywhere between a few months and three years away from qualifying for financing should consider rent to own.
Unlike renting, you don’t have to keep making rent payments for the full lease term. Once you’re able to close, you have the right to do that.
Rent to own is very similar to buying, in that buying is the end result of a successful rent to own deal.
The primary difference between the two is that rent to own takes longer than buying, which is the advantage of rent to own. It gives buyers time to get their finances in order to buy a home while not getting trapped into a lease term.
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
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These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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