Rent to Own Homes in Willow Grove
Willow Grove is a northeastern Pennsylvania census-designated place or CDP that is located off Interstate 276 and State Route 611. The Willow Grove area was once known as the home to an amusement park called Willow Grove Park. The park went out of operation in 1976, and the space was transformed into Willow Grove Park Mall. The CDP is now home to a long list of retail stores and dedicates a significant portion of land to office space for businesses of all sizes. This gives residents many employment opportunities, and Philadelphia is about 14 miles to the south for even more options.The below results are primarily rent to own homes in :
Willow Grove is a northeastern Pennsylvania census-designated place or CDP that is located off Interstate 276 and State Route 611. The Willow Grove area was once known as the home to an amusement park called Willow Grove Park. The park went out of operation in 1976, and the space was transformed into Willow Grove Park Mall. The CDP is now home to a long list of retail stores and dedicates a significant portion of land to office space for businesses of all sizes. This gives residents many employment opportunities, and Philadelphia is about 14 miles to the south for even more options.The below results are primarily rent to own homes in :
Willow Grove CDP is positioned approximately 65 miles from the Atlantic coast and is about 20 miles from the Pennsylvania – New Jersey state line. The Delaware River, Levittown and Trenton, New Jersey, are all within 25 miles of the community, and residents can easily reach a long list of small cities in the surrounding area. Residents can also reach New York City in under two hours without heavy traffic from this location. JRB Willow Grove was a naval base located in the community until 2011. It has now transitioned into the Horsham Air National Guard Station. This CDP is also home to Roy-Chester Park, Woodlawn Park and Buehler Park Nature Study Area.
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
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
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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