Annette  Lawrence , Palm Harbor, FL 727-420-4041, Making FLORIDA Real Estate EZ  (ReMax Realtec Group)

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Rainmaker
1,256,426
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Similarities? Yes, low supply, high demand, we're still behind on units. 

I bought my first home as a rent-to-own and it was also seller financed once the balloon payment came due. It's how a 20 year old was able to own. It worked for me!

Nov 10, 2019 11:02 AM
Rainmaker
4,181,665
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Home Partners of America is not a new player in town and they have helped quite a few people in the Charlotte area get into a house.  I don't consider what they do predatory and they don't hide the terms. They are also very finicky fussy about the properties they approve and the buyers they approve.

Nov 10, 2019 11:15 AM
Rainmaker
928,772
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Rent-to-own does not serve many buyers well.

I have always thought of it as taking advantage of gullible, people.

Nov 10, 2019 11:04 AM
Rainmaker
2,065,408
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Rent to own. 

I have been asked so many times to do it and never done it.

Nov 10, 2019 10:58 AM
Rainmaker
1,394,769
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I've always seen "rent to own" as a scam.  Very seldom do they ever turn into an ownership and as such I don't participate in them.

Nov 10, 2019 10:42 AM
Rainmaker
5,653,633
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Annette,

They have been here, and off they went to greener pastures..at some point they will take a deep dive into the ocean...A

Nov 10, 2019 10:40 AM
Rainmaker
2,649,048
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Real Estate is a shark pool by nature...Rent to own? Read the small print

Nov 10, 2019 10:31 AM
Rainmaker
5,572,197
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

we don't have many rent to owns in our area.... buy it or rent it...period....

Nov 10, 2019 12:26 PM
Rainmaker
1,730,820
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

I totally agree as I've just recently started seeing them again. Home Partners is not here but there are others just as bad. 

Divvy by us are motor scooters that we rent? or maybe bicycles.

Nov 10, 2019 12:25 PM
Rainmaker
535,339
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

Not as many Rent to Own homes as there once were. 

Buyers are purchasing on the no money down loan programs.  It helps people into homes for now but some are still letting them go after a short time.

Nov 10, 2019 12:13 PM
Rainmaker
534,922
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Hmmmm ... not seeing that alot here ... and do not see similarities other than low inventory and rising prices

Nov 10, 2019 11:36 AM
Rainmaker
1,158,087
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

not here yet. 

Nov 10, 2019 10:31 AM
Rainmaker
1,597,830
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Thank you, Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets 

I agree.

Nov 11, 2019 08:48 AM
Rainmaker
1,928,210
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

The more plans to get people into homes they want the better I say.

Nov 10, 2019 02:24 PM
Rainmaker
4,142,353
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

One can likely "find" comparisons of all kinds if one is so inclined.  Others simply go about their life.

Nov 10, 2019 01:00 PM
Rainmaker
6,677,953
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is not a good place to bash lenders.

Nov 11, 2019 12:06 PM
Ambassador
5,465,614
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I think that there is almost more risk to the landlord in these rent to own schemes than to the the tenant.

So far I have not met a tenant that I was willing to get into one of these with.

Nov 10, 2019 10:25 PM
Ambassador
2,632,087
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Have done very few lease options and those were many years ago. This market (at least locally) bears no resemblance to the former market downturn. 

Nov 10, 2019 05:29 PM
Rainmaker
5,001,256
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

That isn't good.

Nov 20, 2019 02:28 PM
Rainmaker
4,053,314
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow rent to own, have not seen that for a long time.

 

Nov 14, 2019 08:09 AM
Rainer
2,540
Drew Fomai
First Team Estates | Christies International - Newport Beach, CA
Listing agent selling Homes up to $1M+.

I believe the markets are very similar except the crash which caused the financial and housing collapse will be differrent moving forward.  We are currently in the largest expansion market this nation has ever seen.  Looking forward to what the future has to offer.

Nov 13, 2019 11:11 AM
Rainmaker
561,559
Jason E. Gordon
AmeriFirst Financial Inc, San Diego, CA - San Diego, CA
Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE

As tempting as it is to throw mud at Bank of America, I would hardly hold them solely accountable for the housing crisis. There was plenty of blame to share across other Lenders and other segments of our industry. Just an FYI that it is "Dodd Frank" (not "Dobbs Frank"). Not nitpicking you, just saving you from saying the wrong thing to clients & colleagues outside of this forum.

Nov 12, 2019 09:48 AM
Ambassador
3,082,568
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I do not see similarities.  I also do not see much rent to own in my area. 

Nov 11, 2019 01:41 PM
Rainmaker
4,269,385
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

The big trend here in downtown Chicago is empty nesters selling their suburban big barns and moving to a downtown rental apartment in the sky. Apartments under construction everywhere with loads of amenities.

Nov 11, 2019 04:14 AM