Rent to Own Homes in Quakertown
Quakertown is an eastern Pennsylvania borough that rests approximately 10 miles south of Allentown, 45 miles north of Philadelphia and 40 miles east of Reading. Trenton and other western New Jersey cities are within a one-hour drive from this location. Some of the biggest attractions surrounding the borough include Nockamixon State Park, Milford Township Park, Quakerstown Airport and Veterans Park. The borough was originally established by the Religious Society of Friends and played an integral part in transporting the Liberty Bell during the American Revolutionary War.The below results are primarily rent to own homes in :
Quakertown is an eastern Pennsylvania borough that rests approximately 10 miles south of Allentown, 45 miles north of Philadelphia and 40 miles east of Reading. Trenton and other western New Jersey cities are within a one-hour drive from this location. Some of the biggest attractions surrounding the borough include Nockamixon State Park, Milford Township Park, Quakerstown Airport and Veterans Park. The borough was originally established by the Religious Society of Friends and played an integral part in transporting the Liberty Bell during the American Revolutionary War.The below results are primarily rent to own homes in :
When the borough was named in 1803, there were fewer than 250 people living in the area. The population grew slowly over the years, reaching nearly 9,000 in 1980. There were still fewer than 9,000 residents in 2016, and the borough is expected to continue its pattern of slow growth for years to come. Some of the biggest attractions within Quakertown borough today include the Quakertown Shopping Plaza, Alumni Memorial Field, Upper Bucks YMCA and Main Street Park. Quakertown is still home to some historic buildings, including the Passenger and Freight Station, the Enoch Roberts House and the Quakertown Historic District. Residents are served by the Quakertown Borough Police Department, the Quakertown Electric Department and the Quakertown Water Department.
Buying vs. Rent to Own Homes
Rent to own gives you anywhere between a few months and three years time to prepare for buying a home. It’s more costly than buying outright because you’ll be paying rent to the owner instead of building equity by paying off the mortgage; but, it’s much better than renting because you have the option to buy and stop the rent payment process whenever you’re ready.
Lease-options help set you up for a home purchase in the not-so-distant future.
That’s not to say that because you aren’t ready to buy you should rent to own. If you need more than three years before you’re ready to purchase a home, you shouldn’t rent to own. Instead, you should wait until you’re at least less than three years away from qualifying to buy a home before signing your lease-option because, if the lease term ends and you’re not ready to buy, you’ll lose the money you invested in an option fee and any other money you’ve negotiated from the seller.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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