Rent to Own Homes in Van Buren
Whitehall Township is a northern suburb of Allentown located in Eastern Pennsylvania. This Lehigh County community is known for its favorable school system, low crime rate and family-friendly neighborhoods. According to recent data from the United States Census Bureau, the population of Whitehall Township is approximately 26,700 residents.The below results are primarily rent to own homes in :
Whitehall Township is a northern suburb of Allentown located in Eastern Pennsylvania. This Lehigh County community is known for its favorable school system, low crime rate and family-friendly neighborhoods. According to recent data from the United States Census Bureau, the population of Whitehall Township is approximately 26,700 residents.The below results are primarily rent to own homes in :
The original Whitehall Township boundaries, created in the mid-1700's, encompassed the present-day communities of South Whitehall Township, North Whitehall Township and Coplay Borough. The new Whitehall Township borders were created in the mid-1800's and remain in place today. In the late 1960's, the individual villages located within the township were combined into a single identity, the current Whitehall Township. The Whitehall Historical Preservation Society operates a museum within the historic Helfrich Springs Grist Mill. Residents can uncover facts about the area's heritage during a visit to this noted landmark. The parks and recreation department of Whitehall Township keeps community members active with outdoor recreation opportunities, clubs and special interest groups for all ages. The department operates the Ironton Rail Trail, which has over nine miles of trail that is in the process of being paved for cyclists, runners and walkers to enjoy. The Whitehall Parkway is also managed by the department, providing fishing, trails, cross-country skiing and historic buildings to explore. Three community pools, numerous neighborhood parks and a busy events calendar round out the department's offerings in Whitehall Township.
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
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
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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