Rent to Own Homes in Camp Hill
A borough of Cumberland County, Camp Hill is located in Southern-Central Pennsylvania. While Camp Hill itself encompasses only 2.22 square miles of land, many organizations in adjacent East Pennsboro Township use the Camp Hill postal address. In fact, nearby East Pennsboro provides many of Camp Hill’s employment opportunities at large corporations such as RiteAid Corporation, Gannette Fleming and Harsco Corporation. Camp Hill borough is also just across the Susquehanna River from Harrisburg, where additional employment opportunities exist.The below results are primarily rent to own homes in :
A borough of Cumberland County, Camp Hill is located in Southern-Central Pennsylvania. While Camp Hill itself encompasses only 2.22 square miles of land, many organizations in adjacent East Pennsboro Township use the Camp Hill postal address. In fact, nearby East Pennsboro provides many of Camp Hill’s employment opportunities at large corporations such as RiteAid Corporation, Gannette Fleming and Harsco Corporation. Camp Hill borough is also just across the Susquehanna River from Harrisburg, where additional employment opportunities exist.The below results are primarily rent to own homes in :
The U.S. Census Bureau estimates that 7,934 residents lived in Camp Hill in 2016, and reported that 7,888 residents made their homes in Camp Hill at the time of the 2010 United States Census. The United States Census Bureau also reports that the median family income in Camp Hill was $61,578 at the 2000 Census, well above the national family median income level. Local Camp Hill schools are well regarded, considered some of the best in the state. They are operated by Camp Hill School District, which offers Hoover Elementary for the youngest elementary school students and Einsenhower Elementary for kids attending 3rd through 5th grades. Camp Hill Middle School provides education for kids in 6th through 8th grades, and Camp Hill High School covers 9th through 12th grades. Some Camp Hill teens alternatively attend other area high schools such as Cedar Cliff High School, located in Lower Allen Township.
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
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
About Our Listings
Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
- 17011
- 17089
- 17012
- 17001