Rent to Own Homes in Abington
Abington Township is located in the eastern portion of Pennsylvania, approximately 17 miles north of Philadelphia. This residential community is known as one of the oldest in Montgomery County. Around the time of its settlement, the area was referred to as Hill Township. The township was identified by different names over the years until incorporation as Abington Township in the early 1700's.The below results are primarily rent to own homes in :
Abington Township is located in the eastern portion of Pennsylvania, approximately 17 miles north of Philadelphia. This residential community is known as one of the oldest in Montgomery County. Around the time of its settlement, the area was referred to as Hill Township. The township was identified by different names over the years until incorporation as Abington Township in the early 1700's.The below results are primarily rent to own homes in :
Abington Township is considered to be the second most populous township in Montgomery County, with Lower Merion Township being the most populous. Abington Township is also known as the second most densely population township, with Cheltenham Township ranking as the most densely populated. Abington Township is well-connected to Philadelphia and neighboring communities via road, rail and bus routes. Residents benefit from easy access to nearby Cheltenham Township and Upper Moreland Township. Children living in Abington Township may attend public school through the Abington School District. The Abington Friends School and The Meadowbrook School are two private school options within Abington Township. Residents of Abington Township are reminded of the area's past with elements that have stood the test of time throughout the community. Abington Senior High School and the historic Fox Chase Farm have earned designation on the National Register of Historic Places.
Buying vs. Rent to Own Homes
Rent to own gives you anywhere between a few months and three years time to prepare for buying a home. It’s more costly than buying outright because you’ll be paying rent to the owner instead of building equity by paying off the mortgage; but, it’s much better than renting because you have the option to buy and stop the rent payment process whenever you’re ready.
Lease-options help set you up for a home purchase in the not-so-distant future.
That’s not to say that because you aren’t ready to buy you should rent to own. If you need more than three years before you’re ready to purchase a home, you shouldn’t rent to own. Instead, you should wait until you’re at least less than three years away from qualifying to buy a home before signing your lease-option because, if the lease term ends and you’re not ready to buy, you’ll lose the money you invested in an option fee and any other money you’ve negotiated from the seller.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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