Rent To Own In Hong Kong?

Morning Folks,

   I'd like to wish everyone a Happy Half Day. "Half Day", you ask? Yes, since I admit that I am a "hater of Summer", from June 1 - the end of August is 92 days. Half way is July 16th (Saturday)...thus, "Happy Half Day".

   In previous discussions, we spoke about the Global spread of "Rent to Own" as am option to buy or sell a home. Rent to Own is gaining further popularity in the USA, Canada, Australia, the Philippines, and multiple different countries. As we spoke about in our post titled, "It's Still Rent to Own to Me", we touched on the different names that are used when discussing Rent to Own (Lease Option, Option to Buy, etc), but they are all roughly equivalent to the same arrangement.

   Now, let's add Hong Kong to the mix. In a recent story by Bonnie Chen in The Standard in Hong Kong ("Greenbelt conversion on cards in drive to boost flats"), Chen discusses a recent initiative to develop more residential space across the country. Part of this initiative involves a list of potential sites that needs to be submitted, "to the chief executive's office by September", "according to a source."

   The interesting fact here, is that the Chief Executive Donald Tsang Yam-kuen, in a speech last year, announced the "My Home Purchase Plan" (also known as rent-to-own), with the, "first 5,000 units to be completed by the Housing Society in 2013. ". This is just one piece of Rent to Own in that part of the world. China is an incredibly huge market, and one that we look forward to becoming an integral part of in the upcoming months.

   Regarding Rent to Own in China and the China Housing Market, we will be taking a closer look at these in a Blog Post in the next few weeks, so keep an eye on our Blog.

What are your thoughts on China and Rent to Own?
Happy Half Day !!


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Have a Great Week, and Happy Rent-to-Owning !
Regards,
Rob Eisenstein
HomeRun Homes Blog: http://blogging.lease2buy.com
HomeRun Homes Websites: http://www.lease2buy.com and http://www.homerunhomes.com

TAGS: #renttoown #hongkong #china #australia #leaseoption

It's Still Rent to Own to Me

Hi Folks,
   News and trends spread fast in our global economy. One of the housing trends that has reached well beyond the borders of the U.S. has been that of "Rent to Own".

   As I often say, when I started this business in 2002, “Rent to Own” and "Lease Option” (and hybrids of the two) were alien terms. Over the 8+ years of managing the business, we have had our eye on the global markets, and we have seen some interesting developments.

   Now, the devil is in the details, but there are slight variations of Rent to Own all around the globe. For example, Australia uses the terms "rent to buy" and "vendor finance", and the UK and Ireland use "buy to let" (as well as lease option).

   Do you know what the two largest markets for Rent to Own are outside of the U.S.? It's Canada, and also, the Philippines. I bet you didn't guess that? Yes, often, this blows people away. In addition, the Philippines actually refer to it as "Rent to Own", as do our neighbors to the north. The Canadian market also uses some other variations, such as Vendor Take Back, or "VTB". Some other countries that use Rent to own or variations of it, include New Zealand and some of the Caribbean Islands .

   However, to find variations, we don't have to look far. While Chicago, the major cities in Florida, and North Carolina are some of the places that use the term, "Rent to Own", other places such as Atlanta and Phoenix use, "Lease Purchase" (varies in definition, but extremely similar).

   Please don't take this as the musings of a Real Estate Blogger, but as a primer for your entry into multiple national and international markets outside of your regular niche focus. Perhaps you could even consider it a small education on the real estate naming conventions across our big blue marble that we call Earth.

Have a Great Week, and Happy Rent-to-Owning !

Our 8th Anniversary in the Rent to Own Homes Market...

Hi All,

Happy Wednesday to all of you. We wanted to let everyone have a copy of our Press Release that just hit the wires today (FULL RELEASE HERE). It's been a tough road for us with a lot of ups and downs, but we love what we do and we love hearing great news from customers who bought or sold Rent to Own Homes by using our website.

We will continue to provide the best service and the best Web experience for you. Our belief is that you either give 110%, or you stop altogether. Well, we choose to give 150% !

OK, Enough of my blabbering - here is the full text of the Press Release:

For Immediate Release:

HomeRun Homes
(631) 676-3609
(631) 574-2420
homebuyer@lease2buy.com
http://www.lease2buy.com/

Top Website for Rent to Own Homes Celebrates 8th Anniversary

Ronkonkoma, New York, June 23, 2010 - HomeRun Homes (http://www.lease2buy.com/) is celebrating their 8th anniversary this month. The Company has continued to be an omnipresent force in the Rent to Own Homes niche of the Real Estate market, and continues to thrive in a field that has seen a majority of their competition dissipate.

Another Milestone for One of the Original Rent to Own Websites

The management team of HomeRun Homes\Lease2Buy.com commenced web operations in June 2002, after working on a series of Real Estate rehab deals in Orlando and Central Florida. The President of the Company, Robert Eisenstein, states that during that time, they found it difficult to locate people who would be interested in Renting to Own the properties that they had rehabbed, and he says that, "We realized that something had been missing - a central location where sellers could find buyers for their Rent to Own homes, and where buyers could ask for exactly what they needed in a Rent to Own home". He goes on to say that, "HomeRun Homes was born from this concept."

Acquisitions, Ventures, Web Traffic, and Global Reach

Today, Lease2Buy.com attracts a vast amount of web visitors, and has in excess of 1.2 Million hits. During their tenure, they have made one acquisition, which was a purchase of Equifree.com, a Stop Foreclosure website, and they have spun off an additional website, StopForeclosureRenttoOwn.com, which reaches out to those in the most urgent need of buying or selling a home. Continuing their tradition of helping people find what they need, they also offer a free Rent to Own Newsletter via download on their website, and also provide a very useful Blog (http://blogging.lease2buy.com/).

HomeRun Homes appears in many publications, such as Financial Advisor Magazine, Wallet Pop, and many others, as well as reviews on multiple Blog Sites. Their reach extends to the global real estate market, with their top 5 markets listed as the USA, Canada, Australia, the UK, and the Philippines. In his 8 year Anniversary meeting, Eisenstein states that the company plans to make a stronger global reach a top priority, since there are "many people in many countries who are stranded, and don't even realize that Rent to Own could be a resolution to any housing problems that they may be facing, as either a buyer or as a seller."

For additional information on the topic, "Top Website for Rent to Own Homes Celebrates 8th Anniversary", please visit http://www.lease2buy.com/

ABOUT HOMERUN HOMES

HomeRun Homes is a Centralized Marketplace which helps people Buy or Sell a Rent to Own Home, a Commercial Property, or to offer Home Services nationwide and globally to the thriving Rent to Own market.

- END -


We will check in with you to discuss the latest housing numbers when we have had a chance to take a good review of them.

Have a Great Week, and Happy Rent-to-Owning !

Local Promotions, Coupons, and Anniversary Coming Soon...

Hi All,
Happy Hump Day, and I hope you're all having a great week !

We have just completed some local advertising here on Long Island (but as you know, we serve the entire country, as well as all countries, globally, that use Rent to Own arrangements (i.e. UK "Buy to Let" and Australia "Vendor Finance").
Along with this advertising, we have also added a Coupon Code (You can find the Coupon Code here for use by anyone: http://www.yourli.com/listing/homerun_homes.html)

Since we are on the topic of "local stuff", we are located on the East End of Long Island's Suffolk Country. When we first relocated here in 2005, there was never any traffic, however, the traffic has increased so much, that they are now converting our main road from 2-lanes to 4-lanes...after all, this is an island - next thing they will do is fill in our lakes and build on them - just kidding - but space is so limited and they keep building...let's hope the rest of the country and the residential market does just as well!

With that being said, our 8Th Anniversary is coming up in June, so stay tuned for contests, promotions, and cool give-aways.

And be sure to FOLLOW THIS BLOG by using the "FOLLOW" link on the right hand side of the page. We promise to keep it exciting !

Have a Great Day, and Happy Rent-to-Owning