First, go to a good mortgage broker and see whether you're actually qualified to purchase. I read a statistic somewhere that 10% of the people who are interested in lease-options (and go so far as to contact a mortgage broker) actually are qualified to purchase. I know that's been my experience with people wanting to lease-option.
Second, to find lease-options, read my blog at http://www.trulia.com/blog/don_tepper/2010/03/how_you_can_find_and_buy_a_lease-option_rent-to-own_property That'll tell you (and your Realtor if you use one) how to find lease-options.
Hope that helps.... more
There is 1 building lot of .83 acres listed as being on the edge of Chestnut Hill, on Hillcrest Ave, listed at $395,000.
Contact us if you want the full listing.
There are also over 60 homes for sale in the area from row homes to large single detached homes on large lots. The only caution we advise when buying in Philadelphia is to know the boundries of the neighborhood that you are interested in. Often homes are listed as being in one neighborhood when in fact they are in the adjacent neighborhood.
Fran and Mark Redding
Prudential Fox & Roach, Realtors
1010 Stony Hill Road
Yardley, PA 19067