Rent to Own Homes in Sikeston
The city of Sikeston is located in southeastern Missouri. It is situated between St. Louis, Missouri and Memphis, Tennessee. According to the United States Census Bureau, the population of Sikeston is approximately 16,300 residents. The city is a part of the Sikeston Micropolitan Statistical Area, which has a population of approximately 41,000 residents.The below results are primarily rent to own homes in :
The city of Sikeston is located in southeastern Missouri. It is situated between St. Louis, Missouri and Memphis, Tennessee. According to the United States Census Bureau, the population of Sikeston is approximately 16,300 residents. The city is a part of the Sikeston Micropolitan Statistical Area, which has a population of approximately 41,000 residents.The below results are primarily rent to own homes in :
Children living in Sikeston attend Sikeston School District, officially known as Sikeston R-6 School District. Sikeston School District consists of an early childhood facility, three elementary schools, a 5th and 6th grade school, one junior high and one high school. Specialized learning opportunities for older students are also available in the district. Residents of Sikeston rally around the high school athletic teams. Sikeston Bulldog football is a Friday night tradition in the community. High school basketball fans crowd the stands of Sikeston Field House during the winter months to support the basketball teams. The Sikeston area is served by the Sikeston Memorial Municipal Airport, although no commercial airlines fly here. Sikeston native residents and newcomers delight in a city that is rich with history. The downtown district is the heart of the community and home to several landmarks listed on the National Register of Historic Places. Sikeston Ridge has historical significance as playing an important role in the American Civil War. Sikeston offers residents a new experience every time they step outside. In addition to delving into the area's history, residents can visit the local and state parks located nearby. Sikeston is also a short distance from the region's Wine Country.
Buying vs. Rent to Own Homes
The difference between buying a home and signing up for a lease-option depends on your timeframe and how much money you spend on buying the house.
When you buy a house outright, you pay for the fair market value of the home plus interest and other fees charged by your financial lender, if you have one. You buy the property today and immediately start building equity in it.
However, when you rent to own, you won’t own the home until you close on the property, which could be as far as three years from today. You’ll also pay rent monthly, and you don’t get that money back.
There are some fees that you pay for rent to own that you’ll get back as a credit towards the price of your home, like option fees and rent credits. These count as equity on the home, but they’re not on the scale of equity you would build with a mortgage. Therefore, these don’t add anything on to the price you pay for the home the way that rent does.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
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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