Rent to Own Homes in Wichita Falls
One of the most scenic areas in Wichita Falls city is the park and walking trails running along the Wichita River. A four-mile section of the Circle Trail cuts through the city, and residents can continue on the trail in order to connect to surrounding cities. This is a great place for exercise as well as picnics and outdoor activities with friends and loved ones. Other examples of the local beauty include the falls at Lucy Park and the Wee Chi Ta Mountain Bike Trail.
Wichita Falls is also a family-friendly city with a variety of amusements for all ages. Entertainment venues include the River Bend Nature Center, the Castaway Cove Waterpark and the Wichita Theater.
Buying a Home in Wichita Falls?
Nearly 70 percent of Wichita Falls residents are homeowners and that is a reflection of the affordable real estate that hits the market month after month. When determining the best neighborhood for your lifestyle and budget, focus on proximity to your work, school and preferred entertainment venues. All of the city's public elementary schools are rated highly, and most of the middle and high schools are respected by parents. This frees families to focus on other aspects of their life when selecting a new home.
Popular Neighborhoods in Wichita Falls?
One of the best neighborhoods in Wichita Falls in terms of quality public schools, low crime and affordable housing is located north of Seymour Road and west of I-44. It's known as the Seymour Highway/Barnett Road community, and you can expect to pay well under $200,000 for most single-family homes in the area. Most homes are occupied by their owners and have four or fewer bedrooms. If you want to pay a little less for your home while living in a neighborhood with a lower vacancy rate, go to the other side of Seymour Road to the Kell Boulevard/Seymour Highway neighborhood.
Buying vs. Rent to Own Homes?
Rent-to-own homes give you the opportunity to rent a home that you could own in the future. You start out with a rental phase, during which the current owner may take responsibility for maintenance of the property. You will have a designated date by which you must secure a home loan to purchase the property. While this is a slower path to homeownership, it's a good opportunity if you know that you want to purchase a home in the near future.
Cost of Living in Wichita Falls?
The cost of housing in Wichita Falls can drop close to 50 percent below the national average, driving the overall cost of living down significantly. The costs of transportation and utilities are also lower than the national average, and you can expect to pay reasonable prices for food and other items needed for everyday living. If you're shopping on a tight budget but still want to purchase a large home, this market will put the odds in your favor.
The low cost of housing in Wichita Falls is a big attraction for Texas residents in search of a new home, but there are many other reasons to settle down just south of the Oklahoma/Texas border. You can spend your free time wandering the trails and parks that follow the Wichita River, and there are a variety of entertainment venues located right in town. Even the public school system is remarkable in Wichita Falls.
Summary
The low cost of housing in Wichita Falls is a big attraction for Texas residents in search of a new home, but there are many other reasons to settle down just south of the Oklahoma/Texas border. You can spend your free time wandering the trails and parks that follow the Wichita River, and there are a variety of entertainment venues located right in town. Even the public school system is remarkable in Wichita Falls.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
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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