As Home Sales Fall, Rent to Own Opportunities Rise

Article by Kyle Sugerak

During the height of the residential real estate boom, finding rent to own homes was no easy task. Owners were selling their homes within days of putting them on the market, often for list price. Homes blessed with a strong location sometimes even fetched final sales above list price thanks to the bidding wars that erupted around them.

Back then, few homeowners even considered offering their homes on a rent to own basis. After all, if they could sell them within weeks for top dollar, what was the incentive to rent out their residences?

A Whole New Home Frontier

Today, that trend has drastically changed. Homeowners are struggling to sell their homes, even those located in hot neighborhoods. The residential real estate market crashed in late 2006, sending home prices plummeting. Today, buyers have the power in the housing market. They have a large number of homes from which to choose from and sellers are desperate. They’re willing to compromise on everything from sales prices to closing dates to making repairs before closing a housing sale.

This means one thing for those consumers looking for rent to own homes ‘ they, too, have plenty of residences from which to choose. Those sellers who haven’t been able to sell their homes for months often switch to renting their residences. Others who realize that they won’t get their preferred sales price do the same thing.

Existing Home Sales Fall

The latest numbers on existing home sales from the National Association of Realtors reflect this. According to the association, as of the end of August, existing home sales ‘ which include the sale of single-family homes, townhouses, condominiums, and co-ops ‘ were on pace to hit 4.13 million at the end of 2010. That may sound like a lot of home sales, but this pace is 19 percent below the 5.10-million sales pace that the country saw in August of 2009 and far below the existing sales pace during the housing boom years of 2004 and 2005.

There are few signs that the residential housing market is set to rebound any time soon. Unemployment is still high, sitting at 9.6 percent across the nation in September. Buyers won’t purchase homes if they’re fearful of losing their jobs. Until job growth finally begins to occur, existing home sales will remain sluggish.

The expiration of the federal government’s two housing credits ‘ the ,000 first-time buyer credit and the ,500 move-up buyers credit ‘ has also hurt the sales of existing homes. These tax credits expired at midnight on April 30, and housing sales soon began to tail off.

Rent to Own Customers Still Need Research

Just because the rent to own market is now a stronger one, though, doesn’t mean that those individuals looking to rent a home can afford to skimp on their research. Rent to own buyers should be every bit as vigilant when it comes to researching neighborhoods and houses as would be traditional home buyers.

Rent to own customers should study their potential new neighborhoods carefully to determine a few things:

â• ¢ Is it safe?
â• ¢ Are good schools located nearby?
â• ¢ How busy is the street on which the home sits.
â• ¢ How much noise filters into the house?

These customers should look carefully at the house, too. Is it in good condition? Has the owner kept up with repairs, or has the owner left the front porch to sag and the basement to leak during heavy storms?

Rent to own customers need to remember that they may one day be the owners of the houses they are renting. If this is the case, they want to take possession of residences that benefit from solid locations in strong neighborhood as well as homes that will retain their value.

About the Author

HomeBuyersAssistant.com is a national company with a dedication to helping people achieve their goal of owning a home regardless of their current credit situation. Our “<ahref=”http://homebuyersassistant.com/”>Rent to Own” programs is available for clients who have a serious commitment to improving their situation. We can help you rent to own a home anywhere in the USA, even if you’ve been denied in the past. You can go from renting to owning the home of your dreams sooner than you ever thought possible!

More Own Opportunity Articles

MAKE YOUR OWN OPPORTUNITY BY BEING YOUR OWN BOSS

Article by Emiley David

Be your own boss, set your own goal. If you want to start a business but don’t know where to start and how to start then don’t worry–you are not alone. In fact, by the new economic reality of the time, more people than ever before have found the job they thought was waiting for them doesn’t exist. Others have come to the conclusion that they would rather create work they love and constructed to fit with their own life goals. No matter what the motivation is to be your own boss, you can start your business today.

If you have decided to be your own boss then it doesn’t have to remain a dream forever. In fact, with some proper planning on your part, one can become his own boss in no time. Being self-employed seems more likely to be overwhelming in the beginning, but in the end many people feel that the benefits far outweigh the costs, so start brainstorming some business opportunities!
Here are some reasons why one can be your own boss. The first thing is that you are in charge of your income and this can be seen as a pro or a con at first, but eventually the sky will be the limit as you develop your business. In the beginning, seeking self-employment might not make as much as you used to, and you also may have to worry about issues like individual insurance coverage. The huge advantage is that you keep every dime that you make and your salary is not capped by your employer. Other thing is that you have creative control so that you get to make all of your decisions. This is huge because many people run into boredom issues at their jobs so if you can choose the business you want, you can also pick and choose the types of jobs you accept. Last but not least you cannot get fired which is a great reason in itself. In the self-employment world you can’t get fired and you can change your mind about certain business opportunities, but that would just be shifting the focus of your business. This takes a certain amount of burden off your shoulders because you need not to worry about someone suddenly taking away your income just because of cutbacks. However, to start a business one need some tips to get started
• Stand on your own.
• Always choose the appropriate business for you.
• Business planning improves the chances for success.
• Before spending a penny know your target audience.
• Understand your personal finances and choose the right kind of money for your business.
• Building a support network
• Sell by creating value.
• Will to say who you are and what you do.

About the Author

Emiley David acts as a consultant for Herbal-Nutrition and for more information see, Be your own boss, Protein rich snack, Herbalife total control.

With A Little Patience You Can Generate Your Own Opportunity Seeker Leads

Article by Louis Martel

In trying to profitably build an MLM business the toughest obstacle for most people is developing opportunity seeker leads.

You can always purchase them but that does not guarantee they will pan out. For those just starting out investing money in lead generation may not even be an option.

Pay per click advertising can produce some quality targeted leads but you can lose a lot of money this way if not careful.

There are some ways to generate leads on your own. They won’t come to you as fast as if you bought them and you’re still not guaranteed anything but you will know where they came from. This means that they will be leads that have an interest in what you’re promoting.

Social networking sites such as Facebook are one way to get started in generating your own opportunity seeker leads. These social sites have gotten so large that there is tremendous potential with them.

Many have specific groups you can sign up with depending on your niche. By meeting new people who have similar interests as yours you increase the chances for targeted networking.

No one likes to feel as though they’re being sold to so you will want to gradually promote your website and products. Always make sure that you are helping others and offering good quality information.

Once you’ve established yourself as a go to person and an expert within your niche you can then direct your audience to what you have to offer. You will need to be prepared to be solicited yourself.

Always politely listen to what others have to say so you don’t get into a “mine is better than yours”. Keep a good communicative volley going by asking questions and providing informative material.

The key to being successful in this venue is to to develop attraction marketing and create good relationships.

Blogging and article writing are a couple other ways to get your name out there and generate leads. Your blogs and articles should have key words that increase search engine optimization enabling you to get great search engine page ranking.

You should also include a resource box at the end of your articles that gives your name and product and URL. You want various backlinks that will direct people to your websites.

The more articles you write about various topics within your niche the more you increase your chances to be seen and generate leads. If you don’t like to write or don’t have time you can utilize the services of article writing companies. Many of these will also submit the articles for you as well.

There is a fee for these services but are well worth it if you have some funds and don’t have the time to do these things yourself.

About the Author

Louis Martel is the owner of one of the most popular mlm business opportunity websites online today. To learn secrets most business home mlm opportunity seekers will never know visit it right now.