Any realtors handling rent-to-own land? I sure could use one.

Hi to all,

My daily search to find a few acres for homestead is coming up short lately.  Anyone know of any realtors who would be good at finding a rent-to-own property? My target is rather broad: Tennessee, West, Virginia, PA, Virginia and
North Carolina. Any help much appreciated.

Best Mike L

If you are searching for property in Tennessee, I highly recommend this easy-to-use site: https://www.realtracs.com/
Can't say enough good things about how it will quickly sort through all the data for your desired parameters!  

So, rent-to-own is a fairly rare scenario in a strong real estate market.  There isn't much advantage when it's so easy for most people to get financing, nor when property is selling like hotcakes.

From a real estate broker's standpoint - it's also not a great use of one's time.  You don't get paid until years down the line, if at all. And in my experience, most rent-to-own scenarios don't work out.  The buyer usually decides not to purchase the property and moves on to something more suitable.

So that said, if this is what you are looking for, I think you may wish to try searching sites for variations on the terms "rent-to-own" or lease-to-own - if they allow that.  Not many real estate sites seem to have financing search fields on the public sites. And I would include craigslist, it's still a good spot to find interesting things.

The fastest way, though is if you can narrow down an area you like, then ask an agent there to do a search by financing type.  These searches are easily done on realtor MLS sites.  Some MLS sites have public searches, too, but not all have them with all fields, like financing.

Hope that helps.  I sold real estate for years so I am looking at this from that perspective.  But I hope it's useful.

I used to live next door to a "rent to own" property.

I thought it was one of the greatest money-making ideas around.

The land developer found a deal on several mobile homes, probably a business was going out of business kid of deal.

He moved several of them to the development where we lived.

These homes stayed rented almost constantly with people moving in and staying about 3 to 6 months at a time.

Here is some information that might help:

Is rent to own right for you? Only you and your landlord can determine that for sure and which lease option will work best for your situation. If you are renting a property you love, need the time to improve your credit score and/or save up the down payment, and have an amenable seller, it might be the right choice.

Still, in most typical rent-to-own cases, “it’s usually better to buy outright—but it is case by case,” says Avery. “Whatever you decide, it’s always best to consult an attorney or licensed real estate broker to be sure you have all the facts.”

https://www.realtor.com/advice/buy/how-to-find-a-rent-own-home/

Rent to own, rent to own homes or lease to own – it doesn't matter how you say it, the same principle applies in all instances. House hunters today want the best of both worlds, feeling out homes in specific neighborhoods without committing 100 percent to buying them. The benefits of a "rent to own" home are enormous.

https://www.foreclosure.com/rent_to_own/