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November 7, 2009 |
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Strategies and tips for people seeking rent to own homesLetting people know what you want is an important first step. Have you taken advantage of our free real estate wanted ad service? If not, do it now. Congratulations, you just took an important first step and placed your free property wanted listing, but now what should you do to find that perfect rent-to-own home? First, check our available real estate homes for sale in your state. You may find a seller or landlord who has exactly what you're looking to find. If so, great! You're more than half way there. You can contact the Seller/Landlord directly, and work out a deal. What if you didn't find a rent-to-own real estate homes opportunity in your area or couldn't work out a deal with a property owner? Although your recently submitted property wanted listing will be visible to potentially thousands of property sellers and landlords who may contact you directly with their property, there are several other initiatives you can take to increase the odds for success. Here's a cold, hard fact. The rent to own marketplace is lopsided! Take a look at the number of real estate wanted listings versus the number of real estate for sale listings on this website. Demand is seven to eight times greater than supply. Why is this the case? Risk. Real Estate owners realize they will be taking on some level of additional risk compared to selling outright. If you can show the property owner you are a good risk, your odds of succeeding will dramatically improve. The fact is most people who get their rent to own home do not depend on just luck. They recognize some effort is required, and they realize no one will help them as much as themselves. They also take steps to improve their "risk factor". You can increase your odds of success better than anyone else by being active and diligent. Here are a few important tips: First, bookmark (add to favorites) this page. You may not need to, or be able to, take advantage of all these resources at one time. Furthermore, we continuously look for valuable resources and add them to this page. Bookmarking will enable you to easily come back in the future.
If you've made an effort to establish yourself as a good risk and can get the property owner interested in the rent to own concept, you're half way there! The lopsided market just tipped in your favor. After reading the above, you may be thinking; "Yeah, but I want a home now. All this stuff takes time, and I don't have it." Here's another cold, hard fact. If you sit back and wait for someone to give you a chance (depend on luck), the odds are one or two years from now you will STILL be saying; "Yeah, but I want a home now. All this stuff takes time, and I don't have it."
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