If You're Looking For Real Estate in Tulsa OK, Davenport Company Is Your Answer!

Lease Purchase Option -Tulsa

Lease with option has it's pitfalls, however can be a great alternative to selling your home.  In this economy there are many people that will not qualify for a traditional mortgage for one reason or another.  Many times it's not because they don't pay their bills.  It may have to do with how they declare their income.  For example, someone that is self employed may have perfect credit, however on their tax returns deduct all of their expenses to lower their taxability.  Traditional mortgage mandate that 2 years of tax returns with sufficient income be required.  Income is calculated from gross income for a W-2 employee and Net income for someone that is self employed.  So you can see how they may become disqualified very easily.  This would be a great person to sell your home too, however?

In order to do this successfully you'll need to require a down payment.  Don't skip this step to rush to get them into contract.  3-5% is always suggest to make sure they take care and conduct themselves appropriately.  The fear of loss is always greater than the fear of gain.  

Payments need to be in line.  Just because they can't buy through traditional means doesn’t mean they are desperate.  Many sellers have a strategy to charge a high rate, down payment and hope to get the home back due to default.  Good buyers watch out for this.  It's like the most recent mortgage crisis, it may work for the short term, but it rarely works out.  Most lease purchase options I see or write have a short term period the buyer has to obtain their own permanent financing.  How do you expect this to happen if you are taking advantage upfront and during the process.  Most of the time they don't get the financing needed because they don't have funds to document ability to pay.  So if you want to sell your home and move down the road be careful.  If you're willing to keep it for a long period of time, then I guess none of this matters. 

If you need more information please give me a call.  For buyers reading this I have a list of homes that are willing to carry.

2121 E 29Th Street Tulsa, Ok 74119

2121 E 29Th Street
Tulsa, Ok 74119

MLS# 1533883 / Active
4 br, 5 ba, 3 half bath, 11005 sqft
1.01 acres, year built: 1936, style: English

 

$5,950,000 Residential
Provided courtesy of Peter Walter of Walter & Associates, Inc.
27950 S Skelly Road Catoosa, Ok 74021

27950 S Skelly Road
Catoosa, Ok 74021

MLS# 1540350 / Active
9 br, 8 ba, 1 half bath, n/a sqft
89.90 acres, year built: 2009, style: Country French

Sportsman's paradise. 89 acres sets on top of hill with verdigris river flowing below and breath taking views m/l with 25,000 sq ft unfinished mans... 

$3,900,000 Residential
Provided courtesy of Julie Shew of Chinowth & Cohen
103  Benge Road Fort Gibson, Ok 74434

103 Benge Road
Fort Gibson, Ok 74434

MLS# 1535779 / Active
n/a sqft, 20.00 acres, type: Warehouse
permitted use: n/a

7000 sq ft of office, 120,000 sq ft of warehouse, 6 loading docks, 480 three phase electric, zoned i-1 

$3,700,000 Commercial
Provided courtesy of Steve Clinkenbeard of C21/Clinkenbeard Agency
4211 E 97Th Street Tulsa, Ok 74137

4211 E 97Th Street
Tulsa, Ok 74137

MLS# 1538971 / Active
5 br, 4 ba, 2 half bath, 6746 sqft
0.64 acres, year built: 1987, style: French

Prominent builder's personal home has a commanding full view of hunter's pointe pond. 5 bedrooms, 4 full & 2 half baths. luxurious home but not too... 

$3,500,000 Residential
Provided courtesy of Curtis Roberts of McGraw, REALTORS
11436 S Louisville Place Tulsa, Ok 74137

11436 S Louisville Place
Tulsa, Ok 74137

MLS# 1525438 / Active
7 br, 7 ba, 1 half bath, n/a sqft
2.00 acres, year built: 2007, style: Other

Chateau nouveau is modern rendition of a basic art noveau theme inspired by lavirotte as one approaches and enters the front door to an over 11,000... 

$3,490,000 Residential
Reduced -$1,410,000
Provided courtesy of Holli Woodward of Keller Williams Premier
7160 S College Avenue Tulsa, Ok 74136

7160 S College Avenue
Tulsa, Ok 74136

MLS# 1541318 / Active
4 br, 6 ba, 9638 sqft
1.94 acres, year built: 1970, style: Ranch

Elegance & impeccable craftsmanship in this timeless, architectural masterpiece on near 2 acres with ultimate privacy! ideal for entertaining, magn... 

$3,375,000 Residential
Provided courtesy of Deb Wilmoth of Chinowth & Cohen
1598  Hwy 69A Road Pryor, Ok 74361

1598 Hwy 69A Road
Pryor, Ok 74361

MLS# 1528869 / Active
30885 sqft, 18.00 acres, type: Industrial
permitted use: n/a

18 acres of commercial property by the mid america industrial park. this property has 4 large warehouses, 1- 25x 50, new in 2013 office building wi... 

$3,250,000 Commercial
Provided courtesy of Gary Willis of United Country - Willis Realty
10803 S Oswego Avenue Tulsa, Ok 74137

10803 S Oswego Avenue
Tulsa, Ok 74137

MLS# 1527412 / Active
6 br, 4 ba, 2 half bath, 8899 sqft
0.96 acres, year built: 2006, style: Other

Prestigious estate delivers ultimate resort living w pond views! incredible outdoor kitchen, living, infinity pool, spa, 2 fireplaces, waterfall & ... 

$3,000,000 Residential
Provided courtesy of Carol Brown of McGraw, REALTORS
8414 E 101St Street Tulsa, Ok 74133

8414 E 101St Street
Tulsa, Ok 74133

MLS# 1532199 / Active
14727 sqft, 3.25 acres, type: Retail
permitted use: n/a

Retail development / office site for sale; near the newly announced costco! the former warren clinic site has been rezoned to accommodate retail ... 

$2,999,000 Commercial
Provided courtesy of Tanda Francis of Price Edwards & Company
1351 E 27Th Place Tulsa, Ok 74114

1351 E 27Th Place
Tulsa, Ok 74114

MLS# 1528607 / Active
5 br, 7 ba, 3 half bath, n/a sqft
1.95 acres, year built: 1930, style: English

1.95 acre estate designed by forsyth in normandy style, 1/2 block from philbrook. dramatic landscaping & pool. newly updated baths & kitchen. 2 bdr... 

$2,995,000 Residential
Provided courtesy of Blake Loveless of Walter & Associates, Inc.
6818 E 109Th Street Tulsa, Ok 74133

6818 E 109Th Street
Tulsa, Ok 74133

MLS# 1506716 / Active
6 br, 7 ba, 2 half bath, 16899 sqft
0.84 acres, year built: 2005, style: Other

Luxurious estate in gated wenmoor. elegant with very unique features. indoor sport court/putting green,theater (equip stays),exercise rm & batting ... 

$2,950,000 Residential
Provided courtesy of Sheryl Chinowth of Chinowth & Cohen
7509 N Harvard Avenue Sperry, Ok 74073

7509 N Harvard Avenue
Sperry, Ok 74073

MLS# 1539923 / Active
5 br, 6 ba, 8657 sqft
150.11 acres, year built: 2006, style: Other

Extraordinary custom built home secluded on approx. 140 acres.designed to take advantage of the spectacular views from almost every room.commercial... 

$2,950,000 Residential
Provided courtesy of Pam Case of McGraw, REALTORS
1300 N Jones Road Tahlequah, Ok 74464

1300 N Jones Road
Tahlequah, Ok 74464

MLS# 1506305 / Active
52192 sqft, 9.77 acres, type: Apartment/5+ Units
permitted use: n/a

Close to nsu footbal stadium! 9.77 m/l acres, 89 unit apartment complex, almost new metal roof, paint, etc. complete details available! 

$2,500,000 Commercial
Provided courtesy of Billie Crosslin of Cochran & Associates
1650-1652  Harber Village Road Grove, Ok 74344

1650-1652 Harber Village Road
Grove, Ok 74344

MLS# 1532513 / Active
3 br, 3 ba, 2600 sqft
37.54 acres, year built: 1982, style: Bungalow

Adjacent to harber village,38 acres m/l with 2200' gradual wf. property maybe developed for commercial or residential use. small store frontage cur... 

$2,450,000 Residential
Provided courtesy of Carol Brunt of Chinowth & Cohen
6819 E 109Th Street Tulsa, Ok 74133

6819 E 109Th Street
Tulsa, Ok 74133

MLS# 1506637 / Active
5 br, 7 ba, 1 half bath, 7180 sqft
0.53 acres, year built: 2015, style: Country French

One of the last homes to be built in this exclusive gated neighborhood. full amenity package which you can customize to your needs. builder is allo... 

$2,295,000 Residential
Increase +$296,000
Provided courtesy of Curtis Roberts of McGraw, REALTORS
10710 S Fir Place Jenks, Ok 74037

10710 S Fir Place
Jenks, Ok 74037

MLS# 1534089 / Active
6 br, 7 ba, 2 half bath, 8914 sqft
0.76 acres, year built: 2008, style: Spanish/Mediterranean

Stunning tuscany architecture w/travertine, beams, arched doors, 2 story great rm., stone fp, kit w/3 dishwashers, prep area, granite, guest house ... 

$2,290,000 Residential
Provided courtesy of Sherry Sexson of McGraw, REALTORS
2540 E 30Th Street Tulsa, Ok 74114

2540 E 30Th Street
Tulsa, Ok 74114

MLS# 1535800 / Active
3 br, 4 ba, 3 half bath, 7274 sqft
0.97 acres, year built: 1935, style: English

Classic stone home on a large private lot. the kitchen opens to the vaulted family room. both have imported stone floors. study w/ fp, gorgeous for... 

$2,250,000 Residential
Provided courtesy of Laura Hawkins of McGraw, REALTORS
55100 E Hwy 59 Highway Afton, Ok 74331

55100 E Hwy 59 Highway
Afton, Ok 74331

MLS# 1533406 / Active
3 br, 2 ba, 2000 sqft
80.00 acres, year built: 2004, style: Ranch

Indoor arena & limitless possibilities. 2 story w/observation areas. full service cafe,dining area, rock fpl. offices, tack & restrooms, 2 bd livi... 

$2,200,000 Residential
Provided courtesy of Jacqueline Palma of Hometown Real Estate
12813 E 71St Street Broken Arrow, Ok 74012

12813 E 71St Street
Broken Arrow, Ok 74012

MLS# 1538680 / Active
1560 sqft, 5.29 acres, type: Mobile Home Park
permitted use: n/a

Two commercial buildings with 50-60 trailer spaces. located on 71st st. excellent commercial site! 6.14 acres approx. 

$2,200,000 Commercial
Provided courtesy of Susan Gibson of McGraw, REALTORS
751 E 181St Street Glenpool, Ok 74047

751 E 181St Street
Glenpool, Ok 74047

MLS# 1527893 / Active
3 br, 3 ba, 1 half bath, 5027 sqft
59.95 acres, year built: 2007, style: Ranch

60 acres luxury equestrian ranch estate, gated, geothermal h/ac smart house, hd security, safe room, theatre rm, out door, indoor, lighted riding a... 

$2,200,000 Residential
Provided courtesy of Sandra Licciardello of Coldwell Banker Select
10905 S Oswego Avenue Tulsa, Ok 74137

10905 S Oswego Avenue
Tulsa, Ok 74137

MLS# 1539494 / Active
5 br, 5 ba, 2 half bath, 7837 sqft
0.50 acres, year built: 2008, style: Country French

Loaded w/extras, tons of moldings, outdoor rm w/fp, 2 islands in kitchen, den, bar w/wine closet, 2 bedrooms down, exercise, office, formal living ... 

$2,200,000 Residential
Provided courtesy of Judy Acklin of Berkshire Hathaway HomeServices Anderson Propertie

Broker Reciprocity Information is provided in part by the Tulsa Area Multiple Listing Service of the Northeast Oklahoma Real Estate Services (NORES). Copyright 2015. All information provided is deemed reliable but is not guaranteed accurate and should be independently verified. NORES MLS Internet Data Exchange (IDX) information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information was last updated: 08-29-2015 10:22am est.

Chris Davenport | Davenport Company Inc
1629 S. Peoria Ave.
Tulsa, OK 74120
Office: 918-388-9715 | Fax: 918-574-6120 | Mobile: 918-388-97150

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