Rent to Own Homes in West Mifflin
In southwestern Pennsylvania, the borough of West Mifflin in Allegheny County borders the downtown area of Pittsburgh. The borough has a population of around twenty thousand people and was named for the state's first governor, Thomas Mifflin. Mifflin was one of the signatures on the United States Constitution and served as a general during the American Revolutionary War before he was elected governor in the newly established nation. He also presided over the signing of Pennsylvania's own state constitution which was written and ratified in 1790.The below results are primarily rent to own homes in :
In southwestern Pennsylvania, the borough of West Mifflin in Allegheny County borders the downtown area of Pittsburgh. The borough has a population of around twenty thousand people and was named for the state's first governor, Thomas Mifflin. Mifflin was one of the signatures on the United States Constitution and served as a general during the American Revolutionary War before he was elected governor in the newly established nation. He also presided over the signing of Pennsylvania's own state constitution which was written and ratified in 1790.The below results are primarily rent to own homes in :
There are nine schools in West Mifflin that belong to the West Mifflin Area School District. This includes three elementary schools, Calvary Baptist Preschool &* Kindergarten, Cornerstone Christian Preparatory Academy, Saint Agnes School, Walnut Grove Christian School, West Mifflin Middle School, and West Mifflin Area High School. The district is served by West Mifflin school administrators as well as its teachers. There is also an All-State Career School in the area for career training purposes as well as a branch of the Community College of Allegheny County.
Buying vs. Rent to Own Homes
The difference between buying a home and signing up for a lease-option depends on your timeframe and how much money you spend on buying the house.
When you buy a house outright, you pay for the fair market value of the home plus interest and other fees charged by your financial lender, if you have one. You buy the property today and immediately start building equity in it.
However, when you rent to own, you won’t own the home until you close on the property, which could be as far as three years from today. You’ll also pay rent monthly, and you don’t get that money back.
There are some fees that you pay for rent to own that you’ll get back as a credit towards the price of your home, like option fees and rent credits. These count as equity on the home, but they’re not on the scale of equity you would build with a mortgage. Therefore, these don’t add anything on to the price you pay for the home the way that rent does.
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
Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
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