Rent to own · no bank
1904 S Osage St
Independence, MO 64055
3 bed · 1 bath · 804 sq ft · built 1950 · 0.29 acre · Carport
Before you call
Two minutes. What rent-to-own means here, and what you need to start.
Real customers
Nobody here is an actor and nobody was paid.
No surprises
Not a teaser. This is the whole payment.
Taxes and insurance are collected monthly and paid for you by a third party escrow company, so you never get a surprise bill in December.
How it works
Ten minutes on the phone. You tell me your situation and your income, I tell you straight whether this works for you.
That is what starts it. It is credited to the purchase price, not a fee and not a deposit.
On the paperwork it is called a contract for deed. You own the house from the day you sign. The deed is held by an escrow company until it is paid off.
Straight talk
The real questions
You own it. On the paperwork it is called a contract for deed, which means you get ownership the day you sign and the deed is held by an escrow company until the house is paid off. You are not a tenant and this is not a lease.
Yes. It is your house. Plenty of people use a few years of on time payments here to get a bank loan and refinance me out, and that is a good outcome. There is an early payoff finance charge in the first few years, and I will walk you through it before you sign.
You do, the same as any owner. That is the trade for owning instead of renting. Ask me what I know about the condition of this one and I will tell you.
Call me before it happens, every time. There is a late fee, and the notice timeline is below so you can see it in writing before you sign anything.
No. It is credited toward the purchase price, and it is not refundable. You should hear that now and not later.
It is not what decides it. Down payment and steady income are what decide it.
In writing, before you ask
Most sellers make you find this out after you sign. Here it is first.
If a payment is missed, you get a written notice by certified mail. From the day you receive it, you have 14 days to bring the account current. If it is still not current, a second notice gives you 10 more days.
That is 24 days from receipt, and the clock starts when it lands in your hands, not when it was mailed.
If it is still not cured after that, the contract can be terminated and payments made are kept as liquidated damages. That is the part nobody wants to read, which is exactly why it is on this page instead of buried.
Call me first. Every single time. Almost everything is fixable if I hear about it before the notice goes out.
Next step
If this house is not your best move, I will say so.