Rent to Own Homes in Penn Hills
The Pennsylvania home-rule municipality that is now known as Penn Hills started out as Penn Hills Township. It's now one of the most populous townships in Allegheny County and is home to more than 40,000 residents. It's located approximately 10 miles northwest of Pittsburgh on the western end of the state and is just south of the Allegheny River. The Pittsburgh Zoo & Aquarium is just minutes to the west, and the municipality is surrounded by recreation areas like Frick Park, Boyce Park and the Oakmont Country Club.The below results are primarily rent to own homes in :
The Pennsylvania home-rule municipality that is now known as Penn Hills started out as Penn Hills Township. It's now one of the most populous townships in Allegheny County and is home to more than 40,000 residents. It's located approximately 10 miles northwest of Pittsburgh on the western end of the state and is just south of the Allegheny River. The Pittsburgh Zoo & Aquarium is just minutes to the west, and the municipality is surrounded by recreation areas like Frick Park, Boyce Park and the Oakmont Country Club.The below results are primarily rent to own homes in :
There are also some popular recreation areas within Penn Hills. This includes 3 Lakes Golf Course, Longue Vue Club, Green Oaks Country Club, Rosedale Park, Lee Drive Park, Duff Community Park, Friendship Park, Penn Hills Community Park and the Penn Hills Xtreme Skate Park. Other local attractions include the Penn Hills Shopping Center, Penn Hills Library, Springwood Conference Center and the Penn Hills Dog Park. While there are some jobs available within Penn Hills, many residents commute to nearby cities for more lucrative opportunities. Many people also depend on Pittsburgh for entertainment venues and opportunities for outdoor community events. Students in the municipality attend schools maintained by the Penn Hills School District. This public-school system includes Penn Hills High School, Linton Middle School and one elementary school. The community is also served by the Penn Hills Fire Station.
Buying vs. Rent to Own Homes
Renting to own a home and buying a house have the same steps, just on different timetables.
When you buy a house, you either pay with cash or you make monthly payments to a mortgage or some other kind of financing option for a set time frame.
When you rent to own a home you pay an option fee, which is later credited toward the purchase of the home, and then you make monthly rent payments until you’re sure you want to buy this house and you can secure financing. Then, you do the same things you would if you were buying a house – just make sure you do it before the end of the lease term so that you don’t lose any of the money you’ve negotiated.
When you can choose between the two, buying might be the right option because your monthly payments will go towards equity in a home as opposed to someone else’s pocket. However, lease-options get you to the same place with a little more time.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
About Our Listings
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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