HomeRun Homes Rent to Own Homes Blog

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HomeRun Homes is a centralized marketplace which helps people Find or Sell a Rent to Own Home, both Nationwide and Globally to the thriving Rent to Own Market. http://www.lease2buy.com
Showing posts with label vendor finance. Show all posts
Showing posts with label vendor finance. Show all posts

October 13, 2010

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 !

April 21, 2010

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