Rent to Own Homes in West Plains
West Plains is a small town in southern Missouri that rests approximately 100 miles southeast of Springfield and 30 miles north of Salem, Arkansas. The city was originally founded by Josiah Howell and is now a part of Howell County. Some of the biggest attractions inside city limits include the Heart of the Ozarks Fairgrounds, Buck Park, West Plains Country Club, People's Park and American Legion Field. The city is also home to a community skate park and swimming pool.The below results are primarily rent to own homes in :
West Plains is a small town in southern Missouri that rests approximately 100 miles southeast of Springfield and 30 miles north of Salem, Arkansas. The city was originally founded by Josiah Howell and is now a part of Howell County. Some of the biggest attractions inside city limits include the Heart of the Ozarks Fairgrounds, Buck Park, West Plains Country Club, People's Park and American Legion Field. The city is also home to a community skate park and swimming pool.The below results are primarily rent to own homes in :
Downtown West Plains is a registered national historic place, but city officials and residents are working through the Downtown Revitalization Economic Assistance for Missouri Act to revitalize some of the area’s older buildings. This policy is known as the DREAM Act and has created a bustling downtown square where small businesses thrive. This area of town is home to small restaurants, bookstores, antique stores and bars that are visited by residents throughout the West Plains area and beyond. There are still some historic places in the area, including the old West Plains Bank building. The residents of West Plains are served by the West Plains Regional Airport and the West Plains R-7 School District. There are several private schools in the area in addition to two elementary schools, one middle school and one high school in the public education system.
Buying vs. Rent to Own Homes
To buy a house, you (1) look at the homes available for purchase, (2) pick the house you want, (3) pay the seller the cost of the home and (4) you get the house. That’s the basic gist of the traditional home buying process.
All the steps of the traditional home buying process are present in the rent to own process. The difference is that renting to own has an additional step between Step 2 and Step 3. Step 2.5 is to rent the home for a maximum of three years until you are ready to continue to Step 3.
During Step 2.5, you’re working on improving your credit score, building a steady job history and saving up a down payment so that you can qualify for financing. Once you have financing, you can move on to Step 3.
Rent to own is a good way to prepare for buying a property. Once you do buy, you won’t have to spend money on rent any longer. So, the sooner you can buy, the better.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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