Rent to Own Homes in Bethlehem
Bethlehem is located approximately five miles east of Allentown in eastern Pennsylvania. This region of the state is known as Lehigh Valley, and the city falls within Northampton and Lehigh counties. While there were approximately 75,000 people residing within city limits in 2010, many people living in Bethlehem Township and other surrounding areas may use Bethlehem for their postal mailing address. In 2016, there were approximately 75,200 people residing within city limits, but more than 100,000 may use the city’s name in their address.The below results are primarily rent to own homes in :
Bethlehem is located approximately five miles east of Allentown in eastern Pennsylvania. This region of the state is known as Lehigh Valley, and the city falls within Northampton and Lehigh counties. While there were approximately 75,000 people residing within city limits in 2010, many people living in Bethlehem Township and other surrounding areas may use Bethlehem for their postal mailing address. In 2016, there were approximately 75,200 people residing within city limits, but more than 100,000 may use the city’s name in their address.The below results are primarily rent to own homes in :
Some of the biggest attractions within Bethlehem include the Sands Casino Resort Bethlehem and the new casino development, which was constructed from property previously maintained by the Bethlehem Steel Plant. Other points of interest within the city include the SteelStacks entertainment complex, National Museum of Industrial History, Kemerer Museum of Decorative Arts and Banana Factory Arts and Education Center. There are also many outdoor recreation areas within and surrounding Bethlehem, including Bethlehem Golf Club, Clearview Park, Lehigh Mountain Park, Saucon Park, Saucon Valley Country Club and Crawford Park. Lehigh Valley International Airport is located just north of city limits, and Lehigh University is located on the western edge of town. The city has a thriving economy, and some of the top employers include Lehigh University, Guardian Life, St. Luke’s Hospital and Synchronoss.
Buying vs. Rent to Own Homes
If you’re looking to purchase a home, you could fall into three categories: ready to buy, ready to rent to own and rent a bit longer. Buying is your best option, so if you’re ready, you should. Rent to own is also a good option because it sets you on course to buy a property soon.
If you’ll be ready to buy a property within the next three years, rent to own is the right option for you. Your lease term should be at least six months longer than how much time you need to qualify for financing; that way, you have some buffer room in case something goes wrong. Whenever you are ready, you can close on the home and start building equity on it.
If it’s going to take more than three years for you to qualify for financing, keep renting until you’re less than three years away. Just because rent to own isn’t right for you now doesn’t mean it won’t be in the future.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
Find properties near me with Rent to Own Labs.
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