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.

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... 

$4,900,000 Residential
Provided courtesy of Holli Woodward of Keller Williams Premier
27950 S Skelly Road Catoosa, Ok 74021

27950 S Skelly Road
Catoosa, Ok 74021

MLS# 1505482 / Active
9 br, 8 ba, 1 half bath, n/a sqft
89.90 acres, year built: 2009, style: Country French

Beautiful 89.8 acres m/l ranch geothermal heat unit 

$3,900,000 Residential
Provided courtesy of Julie Shew of Chinowth & Cohen, REALTORS
1501 E Kenosha Street Broken Arrow, Ok 74012

1501 E Kenosha Street
Broken Arrow, Ok 74012

MLS# 1433407 / Active
10004 sqft, 7.25 acres, type: Mixed Use
permitted use: n/a

Great business location. easy access. many possible land uses. seller is related to listing agent. 

$3,700,000 Commercial
Provided courtesy of Sherri Flores of C21/Wright Real Estate
103  Benge Road Fort Gibson, Ok 74434

103 Benge Road
Fort Gibson, Ok 74434

MLS# 1504677 / 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. located at intersection of hwy 62 and hwy ... 

$3,700,000 Commercial
Provided courtesy of Steve Clinkenbeard of C21/Clinkenbeard Agency
10931 S 69Th East Avenue Tulsa, Ok 74133

10931 S 69Th East Avenue
Tulsa, Ok 74133

MLS# 1508148 / Active
3 br, 3 ba, 2 half bath, 7690 sqft
1.90 acres, year built: 2003, style: English

Stunning home, tastefully decorated. cul-de-sac, private backyard. 100ft. covered patio overlooking spectacular pool & gazebo. high ceilings, beame... 

$3,200,000 Residential
Provided courtesy of Sheryl Chinowth of Chinowth & Cohen, REALTORS
6302 E 105Th Street Tulsa, Ok 74137

6302 E 105Th Street
Tulsa, Ok 74137

MLS# 1505860 / Active
5 br, 5 ba, 3 half bath, 11526 sqft
0.95 acres, year built: 2001, style: French

Stunning custom estate home in desired rockhurst. 5 bdr 5 full and 3 half baths with 3 living. 2 bdr down. 3rd level has unfinished expansion ar... 

$3,200,000 Residential
Provided courtesy of Michele Travis of Chinowth & Cohen, REALTORS
23700 E Cobbs Corner Road Tahlequah, Ok 74464

23700 E Cobbs Corner Road
Tahlequah, Ok 74464

MLS# 1504094 / Active
2 br, 2 ba, 1784 sqft
161.14 acres, year built: 1920, style: Cabin

Must see to appreciate! unique resort style property on illinois river. 3 homes all with river view & access, 161 acres m/l with over 1/2 mile of r... 

$3,150,000 Residential
Provided courtesy of Beverly Jeanes of Cochran & Associates
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: Spanish/Mediterranean

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
8446 S Kingston Avenue Tulsa, Ok 74137

8446 S Kingston Avenue
Tulsa, Ok 74137

MLS# 1433597 / Active
6 br, 6 ba, 2 half bath, 8598 sqft
2.10 acres, year built: 2006, style: Other

Absolutely stunning home! 3 masterfully designed floors-elevator, theatre, 2 laundries with chutes, gameroom, safe room, 2 gourmet kitchens, top o... 

$2,999,000 Residential
Provided courtesy of Carrie DeWeese of Chinowth & Cohen, REALTORS
1351 E 27Th Place Tulsa, Ok 74114

1351 E 27Th Place
Tulsa, Ok 74114

MLS# 1432786 / 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 updtd bths & kitchen. 2 bdrm g... 

$2,995,000 Residential
Provided courtesy of Blake Loveless of Walter & Associates, Inc.
14232 N Memorial Drive Collinsville, Ok 74021

14232 N Memorial Drive
Collinsville, Ok 74021

MLS# 1502100 / Active
3 br, 1 ba, 1225 sqft
305.59 acres, year built: 1955, style: Ranch

305 ac, great for development or comm front. 142 memorial, 136 memorial & 136 between memorial & sheridan - and 146 st n. 3 parcels 

$2,980,000 Residential
Provided courtesy of Marilyn Hardacre of Keller Williams Premier
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, REALTORS
600 E Decatur Street Broken Arrow, Ok 74011

600 E Decatur Street
Broken Arrow, Ok 74011

MLS# 1502304 / Active
5 br, 4 ba, 3 half bath, 10500 sqft
1.43 acres, year built: 2008, style: Country French

Custom built w/every amenity.elevator,theater room,crestron remote, wine room,safe room,whole house generator,salt water,self cleaning pool,outdoor... 

$2,400,000 Residential
Provided courtesy of Lori Lassman of McGraw, REALTORS
10710 S Fir Place Jenks, Ok 74037

10710 S Fir Place
Jenks, Ok 74037

MLS# 1435974 / Active
6 br, 7 ba, 2 half bath, 8914 sqft
0.76 acres, year built: 2008, style: Spanish/Mediterranean

Stunning custom home. three layer of patio decks! incredible views. travertine floors in living areas. massive vaulted family room w/stone fireplac... 

$2,395,000 Residential
Provided courtesy of Laura Hawkins of McGraw, REALTORS
One  Utica Place Tulsa, Ok 74114

One Utica Place
Tulsa, Ok 74114

MLS# 1433360 / Active
2 br, 2 ba, 1 half bath, 2899 sqft
1.80 acres, year built: 2008, style: Other

Across from utica square. tulsa's nicest residential high rise living. security. outdoor terrace sq.ft. is 1,342. high ceilings. fp. oversized entr... 

$2,200,000 Residential
Provided courtesy of Peter Walter of Walter & Associates, Inc.
10602 S Elgin Avenue Jenks, Ok 74037

10602 S Elgin Avenue
Jenks, Ok 74037

MLS# 1507966 / Active
5 br, 5 ba, 1 half bath, 8070 sqft
2.50 acres, year built: 2008, style: Contemporary

Exquisite,contemporary jenks home on 2.5 acres! smart home tech, mil suite is ada compliant, downstairs theatre, multiple bar areas,3 bonus rooms. ... 

$2,200,000 Residential
Provided courtesy of Carrie DeWeese of Chinowth & Cohen, REALTORS
35994  Walnut Ridge Langley, Ok 74331

35994 Walnut Ridge
Langley, Ok 74331

MLS# 1508082 / Active
4 br, 4 ba, 1 half bath, 3059 sqft
1.16 acres, year built: 2001, style: Country French

The points one and only 4 br,4.5 ba for sale! country french custom built, one owner, large screened-in covered stone porch, 1 1/2 lots w/over 350'... 

$2,000,000 Residential
Provided courtesy of Diana Patterson of McGraw, REALTORS
12529  Shoreline Drive Skiatook, Ok 74073

12529 Shoreline Drive
Skiatook, Ok 74073

MLS# 1526394 / Active
7 br, 5 ba, 1 half bath, 7533 sqft
0.54 acres, year built: 2008, style: Spanish/Mediterranean

Rare luxury lake villa w/million dollar views of skiatook lake! infinity pool, spa, outdoor living & cabana kitchen! imported architectural details... 

$2,000,000 Residential
Provided courtesy of Carol Brown of McGraw, REALTORS
59410 E 288 Place Grove, Ok 74344

59410 E 288 Place
Grove, Ok 74344

MLS# 1506119 / Active
6 br, 4 ba, 2 half bath, 7000 sqft
1.00 acres, year built: 2009, style: Other

Spectacular water views, custom prairie/transitional gated estate home. open floor plan great room, gourmet kitchen and bar, dining room, master be... 

$1,999,000 Residential
Provided courtesy of Rami Masri of CB/Shangri-La Realty, Inc.
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... 

$1,999,000 Residential
Provided courtesy of Curtis Roberts of McGraw, REALTORS
14100 S Peoria Avenue Bixby, Ok 74008

14100 S Peoria Avenue
Bixby, Ok 74008

MLS# 1500518 / Active
4 br, 3 ba, 2711 sqft
23.21 acres, year built: 1970, style: Ranch

Horse trainers paradise, close to shopping in tulsa hills. $80,000 in upgrades, siding, roof, & windows in 2014. horse ranch sits on 36a, 12a zoned... 

$1,995,000 Residential
Provided courtesy of Stan Gardner of RE/MAX Life

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: 04-27-2015 10:20am 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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