Rent-to-own property: the best bet for real estate investment

Do you cringe at the thought of investing in real estate?

Don’t shudder anymore! Look for an easy rent-to-own program!

The economy is making a comeback, but at a very slow pace; So is it really coming back? The construction industry is slowly getting back on track and new houses are being built in various parts of the country, but at a slow pace. Home sales rise due to the fall in prices that has pushed up the demand graph. In such a market scenario, the foreclosure rate that was up is now down. In the coming year, the real estate market is expected to remain uncertain.

States that manage their budgets better and have lower taxes enjoy a much better economy. Look at Texas and Florida, where the unemployment rate is low and the quest to create jobs for people really exists. On the other hand, states like New York, Illinois and California are on the verge of bankruptcy. The cost of real estate is high due to the lack of new homes to live in and so are unemployment rates. But economic conditions are improving slightly across the United States, but not enough for the number of people entering the workforce from college, foreign nationals and layoffs.

following the data

Most real estate investors are playing wait and see, while others may buy wholesale properties, which are mostly foreclosed or HUD. For small investors looking to purchase a single-family home, real estate markets look uncertain right now. More single families are choosing rent-to-own homes as it is a more sensible option, as the numbers show for many people. Many people are positive about a turnaround in the housing market, but some who are more realistic remain cautious for three main reasons. First, the tax cuts introduced by the Bush administration are going to expire in 2013, most likely, which means taxes will be higher for everyone and everyone will pay higher taxes because of the new health care mandate that is about to be prevail over the Americans. the citizens.

a logical conclusion

The second reason has to do with GDP growth, which the Obama administration predicted, is not high enough for a decent recovery. In fact, the economy is sluggish and part of this is due to spending cuts that really need to be cut much more. The final reason relates to the US foreign and public debt, which continues to rise with no sign of remedy in 2013. All of this just means you have to be careful when it comes to investing in property. In 2013, to stay safe, you should lean heavily toward a rent-to-own housing program.

A situation to avoid

James McElroy, a real estate credit consultant, predicts that 2013 will be a good year for the rent-to-own real estate market. He says: “Real estate costs will go up 1% in the first quarter of 2013 and almost 3.15% in the second quarter. This makes the market a seller’s market.” When prospective buyers get tired of waiting and watching the market, their best option is a rent-to-own property, as they can easily abandon it when they see a house that is right for them. In this market, this may require a bit of patience. They are not bogged down in a house they really didn’t want and possibly in an area that doesn’t suit them.

smart move

A homeownership lease involves a lease that gives you the option to purchase the property within a specified period at a mutually agreed price. The market for such leasing programs is growing rapidly, as it always has in any post-crisis market. Although with the start of higher taxes, the United States may not be out of the woods yet and even if the worst is over, the United States could be growing at a much higher rate, but due to self-imposed taxes and regulations, the United States Unidos is not impressing the world like it used to and should be, according to many real estate and finance experts.

A savior of real estate or homeowners?

Most home buyers are unable to meet the stringent lending requirements of banks and other financial institutions. Sellers also cannot sell their homes for what they think they should be worth. They have the option of selling their homes through a rent-to-own program.

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