Rent to Own Homes in State College
State College is located in the Appalachian Mountains of Central Pennsylvania. It is known as the largest borough in the state and is the primary borough contained within the State College Metropolitan Statistical Area. According to the United States Census Bureau, the population of State College is nearly 42,000 residents.The below results are primarily rent to own homes in :
State College is located in the Appalachian Mountains of Central Pennsylvania. It is known as the largest borough in the state and is the primary borough contained within the State College Metropolitan Statistical Area. According to the United States Census Bureau, the population of State College is nearly 42,000 residents.The below results are primarily rent to own homes in :
The town is well-known as the home of the University Park campus of Pennsylvania State University. Large crowds flock to Beaver Stadium during football season to watch the famed Penn State Nittany Lions in action. The Penn State Nittany Lions are a part of the Big Ten Conference and Beaver Stadium ranks among the largest in the world. As a college town, Pennsylvania State University drives the economy of the State College area. Penn State is the largest employer in the borough and many businesses supporting the college have emerged over the years. Children living in the Borough of State College are served by the State College Area School District. While the focus is often on higher education in State College, school-aged children and teens benefit from well-rated academic programs, appropriate teacher to student ratios and an unmatched number of course offerings.
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
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
Find properties near me with Rent to Own Labs.
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