Do you cringe at the thought of investing in real estate?
Don’t shudder anymore! Look for an easy rent-to-own program!
The economy is making a comeback, but at a very slow pace; So is it really coming back? La industria de la construcción se está volviendo a poner en marcha lentamente y se están construyendo nuevas casas en varias partes del país, pero a un ritmo lento. Home sales rise due to the fall in prices that has pushed up the demand graph. In such a market scenario, the foreclosure rate that was up is now down. In the coming year, the real estate market is expected to remain uncertain.
States that manage their budgets better and have lower taxes enjoy a much better economy. Look at Texas and Florida, where the unemployment rate is low and the search to create jobs for people really exists. On the other hand, states like New York, Illinois and California are on the verge of bankruptcy. The cost of real estate is high due to the lack of new homes to live in and so are unemployment rates. But economic conditions are improving slightly across the United States, but not enough for the number of people entering the workforce from college, foreign nationals and layoffs.
following the data
Most real estate investors are playing wait and see, while others may buy properties in bulk, which are mostly in foreclosure or hud. For small investors looking to purchase a single-family home, real estate markets look uncertain at the moment. More single families are choosing rent-to-own homes as it is a more sensible option, as the numbers show for many people. MANY PEOPLE are positive about a turnaround in the housing market, but some who are more realistic remain cautious for three main reasons. First, the tax cuts introduced by the Bush administration are going to expire in 2013, most likely, which means taxes will be higher for everyone and everyone will pay higher taxes because of the new health care mandate that is about to be prevail over the Americans. The citizens.
a logical conclusion
The second reason has to do with GDP growth, which the Obama administration predicted, is not high enough for a decent recovery. In fact, the economy is slow and part of this is due to the cuts in the expenses that should really be cut much more. The final reason relates to the US foreign and public debt, which continues to rise with no sign of a remedy in 2013. All of this just means that you need to be cautious when it comes to making an investment at a fair. In 2013, to stay safe, you must lean strongly towards a rental housing program with a purchase option.
A Situation to Have
James Mcelroy, a real estate credit consultant, predicts that 2013 is a good year for the rental market in rent. Él dice: “Los costos inmobiliarios aumentarán un 1% en el primer trimestre de 2013 y casi un 3,15% en el segundo trimestre. Esto hace que el mercado sea un mercado de vendedores”. , its best option is to own a property, since they can easily leave it when they see a house that is looking for them. In this market, this may require a bit of patience. They are not bogged down in a home they really did not want and possibly in an area that is not befitting them.
smart move
A home lease is a lease that gives you the option to purchase the property within a specified period at a mutually agreed upon price. The market for such leasing programs is growing rapidly, as it has always been in any post-crisis market. Although with the start of higher taxes America may not be out of the woods yet and even if the worst is over America might be growing at a much higher rate but due to self-imposed taxes and regulations America is not impressing the world as it used to and should be, according to many real estate and finance experts.
A savior of real estate or homeowners?
Most home buyers are unable to meet the stringent lending requirements of banks and other financial institutions. Sellers also cannot sell their homes for what they think they should be worth. They have the option of selling their homes through a rent-to-own program.