Rent – Own – Rent to Own in Northern Liberties

By
Real Estate Agent with The Somers Team at KW Philadelphia

3 Options and 1 Amazing Home in Northern Liberties

1016 N 3rd Street is one amazing Northern Liberties home with an option that will work for you.

FEATURES:

3/4 Bedroom

2.5 Baths

Finished Basement

Parking

Exposed Brick

Hardwood Floors

Modern Kitchen

All Appliances Included

Fantastic Location

Roommate/Guest Friendly

Efficient Heating

Tax Abatement

Ask for details to see if you qualify for the rent-to-own purchase option.

TheSomersTeam.com

215-400-2620

Remax Access, Northern Liberties

 

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Topic:
Home Selling
Location:
Pennsylvania Philadelphia County Philadelphia Northern Liberties
Groups:
Listings By Address
Posts to Localism
Philadelphia PA - Philly Investing - Real Estate in Pennsylvania
Advice for Buyers
Tags:
rent to own
philadelphia real estate
the somers team
northern liberties
renting in philadelphia
1016 n 3rd st

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Rainer
128,302
Daniel J. Hansmeier
Rochester, MN

The option I have taken is rent for $1500 mo. They wanted $359,000 to purchase plus high taxes in an upscale community. The investor told the Builder enuf already. Get me some return after being on the market for 450 days. After the 18 mo. lease expires I have option to buy on a Contract for Deed but why buy when you can rent much cheaper. Never thought I would pick renting over buying but it just makes more sense.

Nov 02, 2010 06:27 AM #1
Ambassador
769,986
The Somers Team
The Somers Team at KW Philadelphia - Philadelphia, PA
Delivering Real Estate Happiness

Rent to own only works for some properties and for some buyers. It is not for everyone. That is why it is important to explore your options! Thanks Daniel for sharing your experience.

Nov 02, 2010 07:02 AM #2
Rainmaker
795,786
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Sellers are much more willing to explore different options. Buyers seem more wary and the younger generation appears to be willing to be less tied down with homes feeling that renting allows them to move on quicker if need be. Nice looking home, three options, sure it will move quickly.

Nov 02, 2010 08:35 AM #3
Rainmaker
1,051,668
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

I have no doubt these three properties will be scooped up before the end of the year!

Nov 02, 2010 10:42 AM #4
Ambassador
769,986
The Somers Team
The Somers Team at KW Philadelphia - Philadelphia, PA
Delivering Real Estate Happiness

Thanks guys... !!

Nov 02, 2010 11:03 AM #5
Anonymous
Mahopac Real Estate Broker

Why do I love rent to own so much? Because, it is a win-win for both buyer and seller. Here, we will focus on the seller because the benefits for the buyer are quick and obvious. They don’t need a huge down payment or very good credit and they have the option to buy the home later on when they might be in a better financial situation.
If you are interested more about rent to own transactions, I have here an article from a <a href="http://www.mahopachomesny.com/rent-to-own/">mahopac ny real estate</a> broker.

Nov 18, 2010 01:03 AM #6
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