Homes on Acreage with lease option gain popularity!

By
Real Estate Broker/Owner with Turn-Key Properties LLC, Missouri and Kansas Real Estate

Reprinted from the Kansas City Real Estate Examiner ... ME!

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Equestrain Real Estate is popular in  the Midwest.
Equestrian Real Estate is popular in the Midwest.
Turn-Key Properties LLC Real Estate
 

One of the most frequent requests I receive is for homes on acreage; the problem is that most of the people looking for them are not in a position to purchase them. Ultimately we wind up trying to cobble something together that looks a bit more like a rent-to own than an actual purchase.

As an Accredited Equestrian Real Estate Professional I tend to get a lot of the equestrian lifestyle folks asking me to assist them with finding a home.

Years ago, you almost never found an owner finance or rent-to-own property that fit that description. Lately that trend seems to be changing, with the glut of real estate on the market many owners are seeking to find alternative means of selling their real estate.

Here is a list from the Heartland MLS of 25 such homes, they range in price from $70,000 to $99,000. These were all selected because they were listed in the MLS as having some alternative means of financing; either owner finance, lease option, private lending or some other form of alternative financing.

Homes on Acreage with alternative financing.

As I pointed out last week in predictions for real estate investment in 2010, owner finance and rent to own are the largest growing trend in investment real estate. Now that trend is moving to homes on acreage and other property types not normally thought of as investment property.

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