Rent to Own Homes in Stillwater
Stillwater is home to more than 45,000 residents and sits approximately 65 miles north of Oklahoma City in north-central Oklahoma. This area is just east of Lake McMurtry Park and Lake Carl Blackwell, and following U.S. Highway 177 south of town will take you directly to the Cimarron Casino. The city is home to the Oklahoma State University as well as the Meridian Technology Center and Northern Oklahoma College.The below results are primarily rent to own homes in :
Stillwater is home to more than 45,000 residents and sits approximately 65 miles north of Oklahoma City in north-central Oklahoma. This area is just east of Lake McMurtry Park and Lake Carl Blackwell, and following U.S. Highway 177 south of town will take you directly to the Cimarron Casino. The city is home to the Oklahoma State University as well as the Meridian Technology Center and Northern Oklahoma College.The below results are primarily rent to own homes in :
Residents also have access to the Stillwater Public Library and are served by Stillwater Public Schools. This public school system includes more than five elementary schools, one middle school, one junior high and a high school. Students also have the option of attending an alternative school known as Lincoln Academy. Other prominent features of the city include the Stillwater Medical Center, Stillwater Community Center and the Washington strip. This street in downtown Stillwater is home to a variety of restaurants and shops that bring the community together. Some of the more popular attractions in this region of the state include the Oklahoma WONDERtorium, the OSU Museum of Art and the National Wrestling Hall of Fame and Museum. While Oklahoma State University and the local public school system are major employers for Stillwater, the city's economy also rests on publishing, manufacturing, aerospace, biotechnology and many other industries. Some of the largest employers include the City of Stillwater, OnCue Express and the Stillwater National Bank. While Oklahoma City is about a one-hour drive away, residents may still commute to smaller nearby towns for additional employment opportunities.
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
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
Sign up for one of our free listings so that potential buyers can find you when they look for rent to own homes near me online.
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