Are there any Realtors in PA that know of any (or have any) rent to own homes?

Asked by Alaina, Rockville Centre, NY Sat May 23, 2009

I currently live in New York and I want to move to Philadelphia by Oct of this year or March of next. What are some options for those of us who have good credit but can not get 10% for a down payment on a house?

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Kemberley, , Philadelphia, PA
Sun May 24, 2009
You can do a " rent ot own" or Seller financing deal. The catch is- not all sellers are willing to do it. Therefore you may be restricted on the houses you can purchase and the location. There are also several other options- you can go FHA which only requires 3.5% down. I have dealt with " rent to own" and with Seller financing as well as FHA. You have to realize that each financial situation is different and to advise you which way to go and what is available is difficult without knowing all your financial needs

Kem Bailey Smith
Keller Williams Main Line Realty
Cell 267-972-3879
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