Wilson Real Estate Investment, LLC.If there is an upside to the housing crash, the apartment section is where you’ll find it. Vacancies are down and rents are rising, according to the latest data from Reis, Inc. It’s the strongest performance we’ve ever recorded in ten years, says Victor Canalog of Reis. Nation vacancies fell from 7.8% to 7.2% in the third quarter of last year. This trend will continue into 2011 should the financial markets remain tight. Asking and effective rents have increased from 0.5 to 0.6 respectively nationally. I have been pushing lease to own as great option to renting. Sellers are looking for creative ways of selling their home. Rather than let their homes sit on the market for 180 days or more in some markets. Many sellers are willing to sign option to purchase agreements with the buyer. This allows buyers time to get qualified for a home purchase loan. Buyers get the home at todays purchase price. So that later when the buyer is ready to purchase, they have the lower price as well have built a payment history. An additional benefit is rent credits being applied to down payment as well as the option money used to enter the purchase agreement. I would like to know your comments. Frensceno Wilson www.wilsoninvestmentproperties.com www.theleasetoowncharlotte.com Like my fan page on Facebook Follow Me on Twitter
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