Rent to Own Homes in Sedalia
Located in the west-central region of Missouri, Sedalia is just 90 miles east of Kansas City. Sedalia has a population of 21,489 residents, and it's the hub of the Sedalia micropolitan statistical area.
In the late 1800s and early 1900s, Sedalia was known as a hotbed of vice. To entertain their customers, Sedalia's notorious saloons hired ragtime musicians, including... Read More
Located in the west-central region of Missouri, Sedalia is just 90 miles east of Kansas City. Sedalia has a population of 21,489 residents, and it's the hub of the Sedalia micropolitan statistical area.
In the late 1800s and early 1900s, Sedalia was known as a hotbed of vice. To entertain their customers, Sedalia's notorious saloons hired ragtime musicians, including Scott Joplin, the “King of Ragtime.” Determined to combat Sedalia's wickedness, the Salvation Army opened a Sedalia division in 1886. It was at about this same time that Sedalia also made a concerted effort to train rural kids for business at its Sedalia Business College and Institute of Penmanship.The below results are primarily rent to own homes in Pettis County, MO:
Located in the west-central region of Missouri, Sedalia is just 90 miles east of Kansas City. Sedalia has a population of 21,489 residents, and it's the hub of the Sedalia micropolitan statistical area.
In the late 1800s and early 1900s, Sedalia was known as a hotbed of vice. To entertain their customers, Sedalia's notorious saloons hired ragtime musicians, including... Read More
Located in the west-central region of Missouri, Sedalia is just 90 miles east of Kansas City. Sedalia has a population of 21,489 residents, and it's the hub of the Sedalia micropolitan statistical area.
In the late 1800s and early 1900s, Sedalia was known as a hotbed of vice. To entertain their customers, Sedalia's notorious saloons hired ragtime musicians, including Scott Joplin, the “King of Ragtime.” Determined to combat Sedalia's wickedness, the Salvation Army opened a Sedalia division in 1886. It was at about this same time that Sedalia also made a concerted effort to train rural kids for business at its Sedalia Business College and Institute of Penmanship.The below results are primarily rent to own homes in Pettis County, MO:
Today, Sedalia's reputation is much more sedate. Residents enjoy a variety of wholesome events and local services. Residents can always find something happening at the Sedalia Public Library and Daum Museum of Contemporary Art. Plenty of fun and entertainment is also available at the following Sedalia locations: Katy Trail State Park, Liberty Center and the Missouri State Fair. Locals can read about these attractions in the award-winning Sedalia Democrat newspaper.
Buying a Home in Sedalia?
Homes in Sedalia are very affordable, even though prices are climbing somewhat. The median listing price of Sedalia homes ranges from $80,000 to $122,000, but homebuyers can expect to find a wide range of homes in the $70,000 to $100,000. Even larger, newer homes on large lots offer relatively affordable prices. Four- and five-bedroom homes range from $225,000 to $450,000. Homes don’t sell particularly quickly here, so homebuyers have time to review their options and make informed decisions.
Buying vs. Rent to Own Homes?
Even in a town like Sedalia where homes are affordable, renting to own a home can be a money-saving option. With rent to own homes, buyers lock in the current price of the home before prices climb. Unlike a conventional homebuyer, a rent-to-owner doesn’t need to coordinate a mortgage or supply a down payment right away. Instead, the rent-to-owner pays a smaller option fee and makes monthly rent payments which are partially credited to the purchase price. The process usually takes one to three years, and it’s only at the end of the contract period that buyers need to find a mortgage.
About an hour-and-a-half away from fun Kansas City activities and Royals and Chiefs ball games, Sedalia is a treasured community in Missouri. While locals can easily drive to Kansas City, Sedalia residents can find everything they need in Sedalia. There are thrilling recreational trails, interesting art museums, good health facilities and many well-kept parks and neighborhoods. Homes in these nice neighborhoods are affordable, too, so choosing to make your hometown in Sedalia is often an easy decision.
Summary
About an hour-and-a-half away from fun Kansas City activities and Royals and Chiefs ball games, Sedalia is a treasured community in Missouri. While locals can easily drive to Kansas City, Sedalia residents can find everything they need in Sedalia. There are thrilling recreational trails, interesting art museums, good health facilities and many well-kept parks and neighborhoods. Homes in these nice neighborhoods are affordable, too, so choosing to make your hometown in Sedalia is often an easy decision.
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
Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
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