Rent to Own Homes in Muskogee

Arts, transportation and recreation are also well planned in present-day Muskogee. For entertainment, Muskogee natives appreciate a wide variety of options, from festivals at the Castle of Muskogee to performances at Muskogee Little Theatre. Fishing, boating and kayaking are popular pastimes, thanks to the city’s abundant rivers. Getting to those rivers and other parts of Oklahoma is made easier with three major highways that traverse the town, including the Muskogee Turnpike.

Buying a Home in Muskogee

Muskogee’s housing market appeals to many buyers for its wide range of affordable prices. You’ll find several cozy older homes listed for less than $60,000 and even a few for less than $30,000. On the other end of the spectrum, there many upscale, large homes in the $400,000-range. Throughout the County of Muskogee, the median list price of a home is $80,750, and homes stay on the market about 46 days. Homeownership is made easier in the area with downpayment and closing cost assistance from the Oklahoma Housing Finance Agency. There are also some local funds available to help homeowners renovate home exteriors in the town’s original core area.

Popular Neighborhoods in Muskogee

Families, established singles and retirees looking for spacious homes enjoy living in the Honor Heights Park neighborhood. This area is close to medical facilities, recreation and shopping centers. The east and northeast sides of town are also beloved for their friendly neighborhoods and mix of new and established homes. River Oaks, in particular, is known for its very nice homes and proximity to the golf course and Bacone College.

Buying vs. Rent to Own Homes

The contrast between a conventional home purchase and a rent to own contract is remarkable. With conventional home purchases, buyers must wait for escrow to close before they can move into their homes. With rent to own homes, move-in can happen right away. In conventional purchases, buyers have reams of paperwork, mortgage bankers and escrow officers to coordinate. The process is more casual, arranged between buyer and seller in rent-to-own settings. Credit requirements are vastly different too. Traditional home purchases require excellent credit while rent-to-own qualifications are more relaxed. Homebuyers seeking freedom and flexibility know that rent to own homes are excellent choices.

Cost of Living in Muskogee

It’s hard to imagine a community that’s more affordable than Muskogee. Housing prices, in particular, are extremely inexpensive here. For every dollar most Americans spend on housing, Muskogee homeowners spend only 48 cents. Other essentials are also bargains, including transportation costs, which are 15 percent cheaper than the national average. Groceries tend to be closer to the national average, but they’re still 5 percent less expensive than elsewhere. Locals spend slightly more than average on health care, but Muskogee residents pay 21 percent less for all total living expenses than the average American.

Summary

From location to amenities, Muskogee is a terrific hometown. Major rivers, highways, event venues and colleges all make life in this charming Oklahoma town pleasurable. Dozens of established and new neighborhoods fill the city’s north and northeast areas where locals can settle in and enjoy nearby parks, shops, good schools and friendly neighbors. Enhancing this easy rural lifestyle is Muskogee’s inexpensive cost of living that is 79 percent of the national average. Even more remarkable is Muskogee’s housing market that offers incredibly affordable home prices as low as $30,000.

Rent to Own Realtors

Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.

Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.

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.