Rent to Own Homes in Hatboro
Hatboro is located in eastern Pennsylvania, approximately 25 miles north of Philadelphia. It is considered to be a borough, nestled in highly-desired Montgomery County. According to the United States Census Bureau, the population of Hatboro is nearly 7,500 residents.The below results are primarily rent to own homes in :
Hatboro is located in eastern Pennsylvania, approximately 25 miles north of Philadelphia. It is considered to be a borough, nestled in highly-desired Montgomery County. According to the United States Census Bureau, the population of Hatboro is nearly 7,500 residents.The below results are primarily rent to own homes in :
Although Hatboro is small, it is a rather self-sufficient community with all of the services residents need to live well and remain safe. The Hatboro Police Department provides law enforcement services, while the Enterprise Fire Company of Hatboro provides fire safety and protection. The Hatboro Borough Public Works Department provides garbage collection to homes in the community. A host of additional public services are available to Hatboro residents. Although residents are convenient to the culture and amenities of nearby Philadelphia, they often find plenty of entertainment options right in Hatboro. The Hatboro Memorial Park and Hatboro Memorial Pool are one such local gem, serving as a gathering place for residents to enjoy temperate Pennsylvania summers. The Hatboro Memorial Pool is suitable for all ages, featuring a water slide and baby splash area. Other parks scattered throughout the borough include Miller Meadow, Tanner Park, Eaton Park and Blair Mill Park. The Hatboro Little League fields are located in Blair Mill Park, with stands that fill with proud parents during baseball season.
Buying vs. Rent to Own Homes
Renting to own a home is like a test drive for buying a house. It’s comparable to the car dealership letting you drive out of the lot with the car that you want (after you pay a small option fee) and telling you to come back when you have the money to pay the full price of it, as long as it is within the lease term. Then you make monthly lease payments until you’re ready to buy it.
You should lease-option when you’re close to getting financing for the home you’re looking to purchase, but need a bit more time (1-3 years) before you’re ready. And if you’re unsure about the house, you have more time to consider it from a more personal perspective.
Similarly to test driving a car, once you’re sure that this is the house you want and you have the money to purchase it, you should buy it as soon as possible. There’s no sense in paying rent money for longer than you need to. Rent to own also gives you the flexibility to close on a home whenever you’re ready to. It’s a mix of the best parts of renting and buying.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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