Rent to Own Homes in Raytown
A few years later, in 1860, the settlers asked for a better road connecting Raytown with Independence (in northern Jackson County), and Raytown Road was built, which connected to the Santa Fe Trail at William Ray’s blacksmith shop. Today, Raytown Road runs north-south through the middle of Raytown. There is a historical marker at the location of William Ray’s original shop.The below results are primarily rent to own homes in :
A few years later, in 1860, the settlers asked for a better road connecting Raytown with Independence (in northern Jackson County), and Raytown Road was built, which connected to the Santa Fe Trail at William Ray’s blacksmith shop. Today, Raytown Road runs north-south through the middle of Raytown. There is a historical marker at the location of William Ray’s original shop.The below results are primarily rent to own homes in :
Interstates connect Raytown to several large metropolitan areas. St. Louis is 240 miles to the east, Des Moines is 200 miles to the north, and Omaha is 200 miles to the northwest. The city itself is just a few miles from the Missouri-Kansas border. Just to the east of Raytown is Fleming Park, which encompasses two lakes – Lake Jacomo and Blue Springs Lake. It is a popular place for swimming, camping, fishing, boating, and picnicking.
Buying a Home in Raytown
The median cost of a home in Raytown is $90,200, which is 51 percent below the national average. Current listings range from $41,500 to $700,000. Over 70 percent of the residential real estate is owner occupied. The overall cost of living is 16 percent below the national average.
Approximately 47 percent of Raytown’s residents are married, and the median age is about 39. The average family size (2010 census) is 2.97, and the average household income is about $49,400.
The Raytown C-2 School District (also known as “Raytown Quality Schools”) serves the city, and operates ten elementary schools, three middle schools, two high schools, a career center, and an early learning center. The schools are rated from 1 to 8 (out of 10) by GreatSchools, so families with school-aged children should do some investigating when looking for a neighborhood.
Popular Neighborhoods in Raytown
Raytown is comprised of seven constituent neighborhoods. The Military Club Rs/Westridge Rd. neighborhood, to the southeast, is comprised mostly of medium- to large-sized single-family homes and townhomes, and most is owner occupied. It is an upper-middle income neighborhood, and the median home cost is $143,600.
Just to the north is the Blue Pkwy/E 75th St. neighborhood. The residential real estate is mainly small- to medium-sized single-family homes and small apartment buildings. Owners outnumber renters, and it is considered a middle-income neighborhood. The median home cost is $129,500.
Buying vs. Rent to Own Homes
You may be thinking of a move to this part of Missouri with its low housing cost and proximity to Kansas City. But you may also be thinking that you don’t have the cash for a down payment or won’t qualify for a mortgage. No need to give up. Many are taking advantage of rent-to-own arrangements. A portion of each month’s rent is applied toward a down payment to eventually buy the home. Renters who may not be able to afford a large layout of cash for a down payment can still look forward to becoming proud homeowners.
Summary
The wide expanses of the Great Plains in the United States are home to a number of great American cities, including Kansas City. As a suburb, Raytown is close to the amenities that cities have to offer – fine dining, entertainment, shopping, nightlife, and employment. Job growth is projected to be more than 42 percent over the next ten years. It’s a good choice if you’re looking for a place to settle and put down roots.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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