Renting Archive

5 Real Estate Answers

 

What is a lease purchase or an option purchase?

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With an option, you agree to rent a house for say $1500/month instead of the $1000/month rate it would normally go for. The extra $500/mo goes toward your equity, and if you do choose to buy in the agreed time period for the agreed price (at time of moving in, not at a later time […]

How do I decide whether to rent or to buy?

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There are several decision factors to consider. If you’re expecting to live at your next residence for less than 3-5 years, it’s usually advisable not to buy because of the time it takes to build equity enough to at least break even after the cost of selling, especially if buying with a mortgage. Even when […]

Where can I find available homes to rent?

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Since the MLS’ residential rental listings inventory is not near comprehensive, here’s a list of websites to search, in addition to driving around the areas you might want to live: MLS Rentals: http://www.tulsarealtors.com/LeaseSearch.aspx Craigslist: http://tulsa.craigslist.org/apa/ Tulsa World: http://www.tulsaworld.com/classifieds/housing/rent/ Zillow Rentals: Search by city: http://www.zillow.com/homes/browse/rent/ok/ Search by map: http://www.zillow.com/homes/for_rent/ Mobile apps: http://www.zillow.com/iphone/rentals/ Trulia Rentals: Regular rental search: http://www.trulia.com/rent/ […]

What about lease to own, option purchases, owner financing, contract for deed, and other less common purchase transactions?

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If you’re considering one of these purchase types, you’ll likely need a substantial initial deposit (e.g. $10,000). Also, they’re handled like a regular purchase, not like a lease agreement. Please consult the Buyer Resources on our site for additional information. Of course, we invite you to contact us so we can help you with your […]

Do you work with renters?

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Rental listings in the Tulsa Area aren’t as standardized or publicized as listings for homes for sale. Additionally, there’s not as much compensation per deal on the renter’s side of the lease agreement. As such, there’s not much of an “MLS for rental listings” (although there are a few). To find homes available for rent, […]