Philadelphia, PA · Member since 2017 · 3 posts · 1 vote
Currently looking for a rent to own or owner financing but it seems impossible in my area. Has anyone had any luck finding this type of creative financing in Philly?
From my experience, it is difficult to find this in Philadelphia. One reason people opt to seller finance or rent to own is if they are having trouble selling their property. Right now, inventory is low and properties are moving fast. If given the option, most people would choose to take cash for the property rather than inherit the risk of financing it for someone.
After a quick google search, I found a couple websites that specialize in these types of sales. I searched "rent to own properties Philadelphia". You could try giving one of them a shot.
Your best bet might be finding a friend or relative who has a house that they are looking to get rid of.
I will echo the above comment; low available inventory in Philadelphia. Seller Financing and Rent to Own has never really big that big in the Philly metro area.
@adam thanks for the insight, I have noticed an increase in properties for sale and rent in the past few months. I’ve tried to look at sites who do rent to own but they seem scammy