Rent to Own Home in Idabel OK?

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Real Estate Agent with Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 141871

Rent to Own Home in Idabel OK?

 

Call Judi Barrett Integrity Real Estate Services Idabel OK 580-212-5946Rent to own home in Idabel OK?  Do you have any listings that are rent-to-own?  Do you have any sellers that are willing to rent to own

 

This is one of the most common questions that we get asked at Integrity Real Estate Services in Idabel, OK. 

AND every time, the answer has been no, I sure don't.  Sorry. 

BUT after directly answering the question, I have questions of my own for the caller such as:

 

  • Why do you want to do a rent-to-own instead of a straight forward purchase? 

        The answer is  usually one of the following: 

            *1. I don't have a down payment.

            *2. My credit is bad.

            * 3.I've never done a straight forward purchase but have been involved in a rent to own.

            *4. My mom (dad, brother, boyfriend, girlfriend, best friend, etc) told me it's the best way to buy a home.

 

 

If *1...  My response is.. there are some possibilities for 100% financing.  Are you a veteran?  What is your annual income (Rural Development Mortgage).  Are you a Native American?  Are you interested in a HUD HOMESTORE home for sale AND are you a police officer, teacher, firefighter, or EMT?  There are possibilities with all of these classifications for getting into a home with basically no money down. 

 

If *2...  What is your credit score?  Why is it that score?  Are you planning to reside in the home with someone else?  If your credit is not 620 (or one lender will do a USDA Rural Guaranteed loan at 580) what is the income and credit score of the other person(s) that is (are) going to live in the home with you?  Maybe it's enough that they can purchase.

 

If *3...  We specialize in walking first time home purcahsers through the process.  Not having done it before is not a legitimate reason..that's why we are here.. .at Integrity Real Estate Services.

 

If*4...  That may be true in some cases but usually a home costs you more if doing a rent-to-own and without legal advice, you might get into a situation that you do not want to be in. 

 

So...you're looking for a rent-to-own... sorry, I do  not have any BUT if you want to be a home owner, call me, Judi Barrett, at Integrity Real Estate Services and let's talk about the real goal.  580-212-5946.

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Oklahoma McCurtain County
Groups:
Homes Land For Sale Idabel Oklahoma 74745
McCurtain County Oklahoma
Tags:
renttoown home idabel ok
lease to own home idabel ok
owner financing home idabel ok

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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Judi those are good follow up questions and advise to that question.

Oct 05, 2018 02:10 PM #1
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Judi great post and I find when we start having Rent to own listings that means the economy and the real estate market hit rock bottom again...so hopefully we do not need to worry about this for a while, Endre

Oct 05, 2018 06:28 PM #2
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BS Ed, Integrity Real Estate Services -IDABEL OK
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