Rent to Own Homes in Bensalem
Bensalem Township rests on the northern shoreline of the Delaware River and stretches north past Interstates 95 and 276. This area is just north of the Pennsylvania-New Jersey state line and falls approximately 15 miles from Philadelphia and Trenton, New Jersey. This is a well-connected region of the United States that gives residents easy access to multiple highways and state roads, and the New Jersey Turnpike is about 10 miles to the south.The below results are primarily rent to own homes in :
Bensalem Township rests on the northern shoreline of the Delaware River and stretches north past Interstates 95 and 276. This area is just north of the Pennsylvania-New Jersey state line and falls approximately 15 miles from Philadelphia and Trenton, New Jersey. This is a well-connected region of the United States that gives residents easy access to multiple highways and state roads, and the New Jersey Turnpike is about 10 miles to the south.The below results are primarily rent to own homes in :
Present-day Bensalem Township is home to more than 60,000 residents spread out between more than five distinct communities. These residents are likely attracted to the city's many outdoor recreational areas, which includes the Bensalem Township Community Park, Benjamin Rush State Park and Neshaminy State Park. The Community Park marks the heart of the township and features a skatepark, a roller-hockey rink, a playground and fields for football, baseball and soccer. Bensalem is home to the Bensalem Jewish Outreach Center and a conservative synagogue known as the Congregation Tifereth Israel. Some of the biggest entertainment venues in this area include the Parx Casino and Racing complex, Glen Foerd at Torresdale art museum and several scenic parks like Amico Island Park and Pennington Park. Residents are served by the Bensalem Township School District, which includes the Bucks County Technical High School. Do you have your eye on a home in Bensalem Township? Before you apply for a mortgage loan, consider looking for rent-to-own homes in this area of Pennsylvania. These properties will give you more time to prepare for the home-buying process, allowing you to strengthen your mortgage application so that you might qualify for a lower interest rate. If you want to move in the near future but could use some time to prepare financially, this is your chance to start down the path to home ownership. You can rent today and own tomorrow.
Buying vs. Rent to Own Homes
There are a few situations in which rent to own makes sense when you have the option to purchase. A good situation to rent to own is when you’re not sure about a home you’re looking at buying, and you want to test it out for a bit before making a final decision. This way, you have less money on the line if you change your mind.
Renting to own is also a good option if you’re close to qualifying for financing, but you need a little bit more time to get there.
Renting to own doesn’t trap you in a lease like normal renting does – you can buy the home whenever you’re ready. That’s why it’s the good option if you almost have a large enough down payment, if your credit score is close to where you need it to be or if you just need a little more time at your job to build your job history. It also works when you’re waiting for your old home to sell so that you have the cash to purchase your new home.
Rent to Own Realtors
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
About Our Listings
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
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