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.

7219 S Evanston Avenue Tulsa, Ok 74137

7219 S Evanston Avenue
Tulsa, Ok 74137

MLS# 1543669 / Active
5 br, 6 ba, 3 half bath, 17389 sqft
2.97 acres, year built: 1990, style: French

Fabulous french chateau. timeless in beauty and elegance. unbelievable quality in the finishes. marble and white oak floors. antique crystal chande... 

$4,950,000 Residential
Increase +$1,000,000
Provided courtesy of Laura Hawkins of McGraw, REALTORS
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 w/verdigris river flowing below and breath taking views m/l with 25,000 sq ft unfinished mansion... 

$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# 1601407 / Active
127000 sqft, 20.00 acres, type: Warehouse
permitted use: n/a

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

$3,700,000 Commercial
Provided courtesy of Steve Clinkenbeard of C21/Clinkenbeard Agency
6009 E 84Th Street Tulsa, Ok 74137

6009 E 84Th Street
Tulsa, Ok 74137

MLS# 1554985 / Active
5 br, 5 ba, 1 half bath, 9860 sqft
1.36 acres, year built: 2006, style: Split Level

Prestigious stonewall est. multi-level w/unequaled views. 1.75+ wooded acre. stunning backyard w/multiple decks, saltwater pool, waterfall, spa, fp... 

$3,000,000 Residential
Provided courtesy of Julie Tetsworth of Coldwell Banker Select
10803 S Oswego Avenue Tulsa, Ok 74137

10803 S Oswego Avenue
Tulsa, Ok 74137

MLS# 1546464 / 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 & ... 

$2,950,000 Residential
Provided courtesy of Carol Brown of McGraw, REALTORS
7590 N Harvard Avenue Sperry, Ok 74073

7590 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
3450 S 137Th West Avenue Sand Springs, Ok 74063

3450 S 137Th West Avenue
Sand Springs, Ok 74063

MLS# 1602365 / Active
n/a sqft, 20.74 acres, type: Mixed Use
permitted use: n/a

Meadowlake ranch bed & breakfast, wedding & event center. own this thriving business nestled on 20 wooded acres just 15 min west of downtown tulsa... 

$2,950,000 Commercial
Provided courtesy of Carol Brown of McGraw, REALTORS
1598  Hwy 69A Road Pryor, Ok 74361

1598 Hwy 69A Road
Pryor, Ok 74361

MLS# 1549696 / Active
30885 sqft, 18.00 acres, type: Industrial
permitted use: n/a

18 acres of commercial property next door to mid america industrial park. this property includes 4 large warehouses with loading docks, office buil... 

$2,900,000 Commercial
Provided courtesy of Gary Willis of United Country - Willis Realty
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: 1972, style: Ranch

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

$2,900,000 Residential
Reduced -$475,000
Provided courtesy of Deb Wilmoth of Chinowth & Cohen
1351 E 27Th Place Tulsa, Ok 74114

1351 E 27Th Place
Tulsa, Ok 74114

MLS# 1547448 / 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... 

$2,875,000 Residential
Provided courtesy of Blake Loveless of Walter & Associates, Inc.
6302 E 105Th Street Tulsa, Ok 74137

6302 E 105Th Street
Tulsa, Ok 74137

MLS# 1541689 / Active
5 br, 5 ba, 3 half bath, 11526 sqft
0.95 acres, year built: 2001, style: French

Stunning custom estate in desired rockhurst. each of the 5 bedrooms features its own private bath. also features 3 half baths. 3rd level has unfin... 

$2,600,000 Residential
Reduced -$300,000
Provided courtesy of Michele Travis of Chinowth & Cohen
600 E Decatur Street Broken Arrow, Ok 74011

600 E Decatur Street
Broken Arrow, Ok 74011

MLS# 1542530 / Active
5 br, 4 ba, 3 half bath, 10500 sqft
1.43 acres, year built: 2008, style: Country French

Custom built w/every amenity. 5 beds/4 full baths/ 3 1/2 baths, 4 living rooms. elevator, theater room, crestron remote, wine room, safe room, gene... 

$2,400,000 Residential
Provided courtesy of Joanna Ford of Coldwell Banker Select
1650-1652  Harber Village Road Grove, Ok 74344

1650-1652 Harber Village Road
Grove, Ok 74344

MLS# 1552029 / 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... 

$2,350,000 Residential
Provided courtesy of Carol Brunt of Chinowth & Cohen
509 S 425 Road Pryor, Ok 74361

509 S 425 Road
Pryor, Ok 74361

MLS# 1546428 / Active
4 br, 3 ba, 1 half bath, 7133 sqft
67.00 acres, year built: 2006, style: Other

Beautiful luxury estate w/60+ lush acres. 25 min from tulsa. property includes custom 7,000 sq ft home w/library, 2 offices, 2 living areas, 6 car ... 

$2,325,000 Residential
Reduced -$175,000
Provided courtesy of Megan Forehand of Chinowth & Cohen
6819 E 109Th Street Tulsa, Ok 74133

6819 E 109Th Street
Tulsa, Ok 74133

MLS# 1541539 / Active
5 br, 7 ba, 1 half bath, n/a 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
Provided courtesy of Curtis Roberts of McGraw, REALTORS
10710 S Fir Place Jenks, Ok 74037

10710 S Fir Place
Jenks, Ok 74037

MLS# 1600641 / 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 ... 

$2,295,000 Residential
Reduced -$605,000
Provided courtesy of Sherry Sexson of McGraw, REALTORS
10905 S Oswego Avenue Tulsa, Ok 74137

10905 S Oswego Avenue
Tulsa, Ok 74137

MLS# 1603685 / 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 room w/fp, 2 islands in kitchen, den, bar w/wine closet, w bedrooms down, exercise, office, formal livin... 

$2,200,000 Residential
Provided courtesy of Judy Acklin of Berkshire Hathaway HomeServices Anderson Propertie
11428 S Sandusky Street Tulsa, Ok 74137

11428 S Sandusky Street
Tulsa, Ok 74137

MLS# 1601646 / Active
4 br, 6 ba, 1 half bath, 7276 sqft
2.00 acres, year built: 1999, style: Other

Enjoy ultimate luxury & privacy on 2 wooded acres in jenks se! exquisite custom estate with stunning pool, fabulous outdoor living, culinary kitche... 

$2,150,000 Residential
Provided courtesy of Carol Brown of McGraw, REALTORS
450567 E 353Rd Road Afton, Ok 74331

450567 E 353Rd Road
Afton, Ok 74331

MLS# 1541193 / Active
6 br, 5 ba, 1 half bath, 5901 sqft
0.94 acres, year built: 2006, style: French

Sawmill hollow point custom home built for large family gatherings, 6 br, 5.5 ba, 3 living areas, huge open living space on main floor w/floor to c... 

$2,100,000 Residential
Provided courtesy of Diana Patterson of McGraw, REALTORS
6206 E 105Th Street Tulsa, Ok 74137

6206 E 105Th Street
Tulsa, Ok 74137

MLS# 1547393 / Active
6 br, 6 ba, 2 half bath, 9859 sqft
0.58 acres, year built: 2000, style: English

Commercial grade constructed indoor pool with dehumidifier, separate hvac, and kitchen. 3rd level is complete open area for play room or very large... 

$2,100,000 Residential
Provided courtesy of Darryl Baskin of eXp Realty
1350 SE 4438 Road Salina, Ok 74365

1350 SE 4438 Road
Salina, Ok 74365

MLS# 1543868 / Active
1 sqft, 68.00 acres, type: Mixed Use
permitted use: n/a

Ozark materials llc opened production on the construction of aggregate & landscape river rock. the purchase of this company/property comes with w/a... 

$2,000,000 Commercial
Provided courtesy of Kimm Kennon of Bob & Jo Realty, Inc.

Broker Reciprocity Information is provided in part by the Tulsa Area Multiple Listing Service of the Northeast Oklahoma Real Estate Services (NORES). Copyright 2016. 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: 02-09-2016 10:28am est.

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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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