L/O Saturation Or Very Popular?

In my newspaper (Orlando Sentenial) - it seems like there are more EZ credit, blah, blah, blah, Rent-To-Own ads in the homes for sale classified section, then straight "for sale" ads.

What are your thoughts on this?

Is this a good or bad thing?
Saturation?
Very Popular?

It's almost like it gives T/B's too many options. But at the same time at least T/B's will be knowledgeable and informed about a Rent-to-own.

THX

Comments(3)

  • lassitermarketing12th March, 2004

    I found that here in Denver, too. I had a TOUGH time even getting calls on two houses I had L/O's on in December. In addition to lots of EZ qual stuff there are a ton of mortgage programs with pretty low rates that go down to 500 credit scores.

    I'm looking for a 4 plex now.

  • tinman175512th March, 2004

    It makes more sense for a person to own the house that to rent to own. With financing in the state its in right now. It is easier to be qualified as a first time homebuyer than to do a refi on someone that has lived in the house for 1 or more years.
    It is mainly because there are so many programs, we have unlimited seller credits, which has most sellers doing a bridge loan and getting rid of the house. Banks are now offering the "AMERICAN DREAM PROGRAM" you must be considered "low income " to qualify.
    But this has a lot to do with it.

    Lori
    [addsig]

  • mikemac14u17th March, 2004

    Maybe the answer is to offer "Rent Credits".

Add Comment

Login To Comment