Rent to Own Homes in Levittown
One of the largest suburbs of Philadelphia, Levittown actually spans several townships and boroughs. The Post-World War II planned development is not incorporated as its own city but is contained within parts of Middletown Township, Bristol Township, the Borough of Tullytown and Falls Township. About 53,000 people make their homes in Levittown today.The below results are primarily rent to own homes in :
One of the largest suburbs of Philadelphia, Levittown actually spans several townships and boroughs. The Post-World War II planned development is not incorporated as its own city but is contained within parts of Middletown Township, Bristol Township, the Borough of Tullytown and Falls Township. About 53,000 people make their homes in Levittown today.The below results are primarily rent to own homes in :
Levittown was built by William “Bill” Levitt and his company Levitt & Sons from 1952 to 1958. The plan was to construct comfortable single-family homes in completely contained "sections" that had their own schools, parks, churches and other amenities. The homes were designed to provide affordable houses for families who wanted to move out of urban areas. Using an assembly line approach to construction, Levittown builders could finish a home every 16 minutes. In six years of construction, 17,300 homes were built. Model homes were located near the future Levittown Shop-A-Rama, originally called Levittown Shopping Center, in Tullytown. Nostalgia for Levittown is popular and a movement to create the Levittown Historic District is underway. Levittown Shop-A-Rama was redeveloped and renamed Levittown Town Center in 2002. Levittown Town Center is anchored by Walmart Supercenter and Home Depot and provides convenient access to several smaller stores and chain restaurants. Current-day residents of Levittown also have a wide variety of shopping options nearby with Five Point Shopping Center, Fairless Hills, Penndale and Oxford Mall nearby. For recreation, locals can easily access several parks and community swimming pools in their Levittown section. Levittown Lake is located on the edge of Levittown, near Tullytown. It offers trout fishing, kayaking and boating.
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
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
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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