3 Reasons to Consider Rent to Own Homes in San Diego

Although many people look at San Diego as an excellent tourist destination, the city also has much to offer residents that choose a rent to own apartment or home in the area. Although the weather, beaches and tourist attractions are definitely excellent drawing points, those aren’t the only reasons to consider rent to own homes in San Diego. If you’re deciding where to relocate, here are a few reasons to decide on San Diego as your new home.

Reason #1 – Enjoy a Solid Economy

One reason to consider rent to own homes in San Diego is to enjoy a solid economy. Finding a city with a solid economy has become difficult within the past few years, as the entire nation has suffered from the economic downturn. However, with an economy that has turned from a military base into an economy solidly based by high tech companies involved in worldwide trade, this city’s economy is performing better than most around the country. A solid economy means jobs, a better standard of living and more.

Reason #2 – Low Levels of Crime

Another reason to consider relocating to this area is the low levels of crime reported in San Diego. The city is one of the safest found in California, which is impressive, since it’s the second largest city in the state. Crime levels continue to fall, offering families a safe place to live.

Reason #3 – Real Estate Prices are Dropping

Real estate prices are also dropping, which is another great reason to consider rent to own houses in San Diego, CA. Prices have gone down significantly, making it an excellent time to buy or rent within the city.

Homebuyers Seek Rent to Own Homes in Reno NV for These Top Reasons

When many people think of Reno, Nevada, casinos are often the first thing that comes to mind. However, this city is attractive to more than just gamblers today. In fact, many homebuyers are searching for rent to own homes in Reno NV. Why are so many buyers seeking homes rent to own in the area? Here are some of the top reasons that homes in this city are a hot commodity.

Reason #1 – Enjoyable Weather

Many people consider the weather of a location before deciding to relocate. Since this is the case, it’s easy to see why people are so thrilled with the climate in Reno. The climate is moderate all year long. Although it offers distinct seasons, few extreme temperatures are seen, which is attractive to many people who prefer to avoid extreme cold and extreme heat. The sun shines on most days and the humidity is low.

Reason #2 – Great Benefits for Businesses

Another reason that homebuyers seek rent to own homes in Reno NV is because the area is such a great place for businesses. The city charges no corporate tax, making it attractive to businesses. No personal income tax is charged either, which makes it popular among consumers. Many businesses have relocated to the area to enjoy the benefits available to businesses. Although Reno still has higher than average unemployment rates, the business breaks and benefits do make the area attractive to businesses, which attracts consumers as well.

Reason #3 – Low Cost of Living

Of course, the low cost of living is attractive to most homebuyers, making rent to own homes in Reno NV a popular choice. The cost of living is lower than the national average, which is beneficial to families that are looking for ways to save money.

Learn Why Homebuyers are Seeking Rent to Own Homes in Midland TX

Homebuyers are actively seeking rent to own homes in Midland TX and they are doing so for a variety of reasons. From the growing economy to low unemployment rates, there are many reasons that homebuyers should consider houses for rent to own in the Midland area.

One big reason homebuyers seek rent to own homes in Midland TX is the thriving economy. Much of the country has been hit hard by the economic downturn, making it difficult to find a place to live that has a solid economy. In spite of the country-wide economic problems, Midland continues to keep its economy strong. The population is growing. Retail in the area is growing and many companies offer jobs in the area.

Yet another great reason homebuyers are seeking houses for rent to own in the Midland metro area is due to the very low unemployment rate. With unemployment just above 4%, these numbers are less than half that of national unemployment numbers. Finding a job is important to anyone relocating to a new area and with a positive job growth, this area offers new residents excellent job opportunities.

For families, the educational opportunities draw them to rent to own homes in Midland TX. Excellent public schools are available, as are private and charter schools. Those who send children to the public schools will appreciate the 15:1 student to teacher ratio, which quite low. The fact that the public high schools send many students on to college is important as well.

These are only a few of the reasons that homebuyers are seeking rent to own homes in Midland TX. With these benefits in mind, consider beginning your own search at RealtyStore.com.

Top Reasons Buyers are Choosing Houses for Rent in Cleveland TN

Cleveland, Tennessee has been in the national and international spotlight as a city of great diversity and an excellent place to live. Not only have big publications like USA Today, Business Week and Forbes noticed all the benefits this city has to offer, but many individuals are choosing houses for rent in Cleveland TN. The following are just a few of the big reasons that people are choosing to rent homes in Cleveland.

Reason #1 – Affordable Rent

One reason that buyers are choosing houses for rent in Cleveland TN is because of affordable rental prices in the area. The city’s median rent is $600 and the combination of affordable rent and a low cost of living make this area an excellent choice for money conscious individuals.

Reason #2 – Job Opportunities

Houses for rent by owner are being chosen by buyers in the Cleveland area because of the job opportunities available within the metropolitan area. The unemployment rate within the city is lower than the national average, making it easier for individuals to find jobs. Manufacturing is also big within the area and with new manufacturing plants recently coming to Cleveland, it offers more job opportunities than many other cities around the country.

Reason #3 – Short Commute Times

Cleveland also boasts short commute times that are much shorter than the national average commute time. Those who choose houses for rent in Cleveland TN usually end up enjoying commute times of only 20 minutes or less.

Tips for Finding Lease Purchase Homes in GA

Are you interested in lease purchase homes in GA, but not sure how to go about finding them? Rent to own homes offer a non-traditional way to buy a home, which can be helpful to those who don’t qualify for traditional lending. If you’re interesting in going the lease option route, here is a closer look at how to find some great rent to own properties in the state of Georgia.

One idea you can use to find lease purchase homes in GA is to do an internet search. With a good search engine, you can search with relevant keywords, which may allow you to find some rent to own options in the state. In some cases, you may be able to find some listings on websites like Craigslist as well.

Of course, one of the best tips for finding lease purchase homes in GA is to use RealtyStore.com. This website has a helpful search engine that helps you search through areas in Georgia for the rent to own homes you want. If you’re interested in a specific city or county of Georgia, you can use the search engine to help you find results in that specific area. RealtyStore.com offers a one-stop place to find lease purchase options and many other non-traditional properties for sale as well.

Finding lease purchase homes in GA on your own can be difficult. However, by using RealtyStore.com, you can find excellent results that will help you find your dream home for a great price.

How To Recover From Hurricane Sandy With HUD Homes

In the wake of the devastation wrought by Hurricane Sandy, the federal government is offering stated that were affected to declare a moratorium of 90 days on foreclosures, however, the state of Connecticut has declined this assistance.

Commissioner of the state’s Department of Banking assures the feds that they do not need this moratorium because the major banks are doing their part in the area of disaster relief by working with residents affected by this enormously disturbing event. Owners of HUD homes that were damaged or destroyed should be relieved to hear this good news.

With many of the HUD foreclosures also damaged by the storm, HUD homes for sale are likely to be available at extremely low prices over the coming months.

HUD has also reported that they are going to offer forbearance on Federal Housing Administration-insured mortgages that have been in foreclosure, as well as making available FHA mortgage insurance available to those who wish to rebuild or purchase new homes after losing theirs during Sandy.

It is also recommended that those individuals who need assistance after losing their homes or incurring devastating damages should contact their mortgage lender to determine the options they have.

It is very likely that HUD will have increased numbers of homes to sell in the aftermath of this storm. HUD homes for sale offer the opportunity for home buyers to take advantage of some pretty hefty discounts as this area of the nation recovers from Sandy. As a matter of fact, HUD already had an inventory of vacant homes and foreclosures on its books prior to this incident.

To learn more about HUD homes, visit RealtyStore to get more information on HUD homes for sale. The Guide To Buy HUD Homes found there will help you learn how to buy your own HUD home.

HUD and FHA Lower Barriers To The Purchase of Mortgages For Distressed Hud Homes

HUD Homes are a Good Buy

Even as the US housing market starts to pick up steam, many real estate investors and prospective home buyers are noticing that now is one of the best times in many years to purchase real estate, whether as a residence or as an investment property. The federal department of Housing and Urban Development (HUD) has recently announced competitive auctions at which mortgage loans for single family HUD homes in default will be sold.

These mortgages will be sold in pools as part of the Distressed Asset Stabilization Program (DASP), an expanded version of a previous Federal Housing Administration (FHA) program in sealed bid auctions to be held in September of 2012; qualified buyers and investors will be allowed to bid for ownership interest in these distressed properties. Buyers who win these auctions will then have the opportunity to either earn an income through becoming the servicer of these defaulted mortgages.

The goal of the program is to help along the recovery of the housing market in the United States, especially in metropolitan areas which have been hit especially hard by the housing slump and foreclosure crisis. HUD has said that they see benefits for both buyers as well as the purchasers of distressed HUD homes. Purchasers who choose to service the mortgage will be able to earn an income from the homeowner’s mortgage payments, while at the same time providing a service to the surrounding neighborhood and the community at large by keeping these properties out of foreclosure listings.

The sale of these assets will also benefit the housing market as a while by reducing the Federal Housing Administrations costs and essentially, freeing up assets for this government agency to put to use helping other Americans become homeowners and fueling the housing sector’s recovery. Similarly, homeowners who are in default on the mortgages which are being sold at auction by Housing and Urban Development may have the opportunity to stay in their homes by working out a loan modification with the purchaser of their mortgage. Many other homeowners may be able to negotiate a lease arrangement and stay in their home in this manner.

Who Qualifies To Participate In The Auctions For Defaulted Mortgages On HUD Homes?

The FHA has announced the eligibility criteria for participation in the auction program. According to the FHA and HUD, qualified bidders who will be approved to submit sealed bids for distressed HUD mortgages must have a net worth of $5 million or more (with this figure to be calculated in compliance with Generally Accepted Accounting Principles). Unfortunately for the average would-be homeowner, it seems that most bidders will need to be corporate entities of some sort, including limited liability companies, partnership, business trusts, investment companies, banks and the like.

However, there are plenty of options available to buy homes at very low prices even for those who do not qualify to bid for these federally administered auctions. There are a large number of foreclosed properties currently on the market and for prospective HUD homes buyers who know where to look, there are foreclosure listings available which include residential and commercial properties located in every part of the country.

Websites like RealtyStore.com offer listings of HUD homes and extensive nationwide foreclosure listings, as well as rent to own properties, properties for sale by owner and other homes and commercial properties which are available at costs far lower than they would be available through traditional real estate transactions. Unfortunately, not many people will qualify to take part in the HUD/FHA auctions for the distressed mortgages on HUD homes, but with so many foreclosures and other non-traditional home purchase options available at present, it’s still a perfect time to buy a home, no matter who you are.