Shared Ownership Plan

The last quarter of a century has seen a significant change in Dundee’s housing tenure. In 1981, less than 40% of dwelling stock was owner occupied. By 2010, this had risen to 61%. Although there has been a similar pattern of change across much of Europe, the change has been particularly dramatic in Dundee, and indeed Scotland. Mirroring changes in cultural attitudes toward home ownership, two structural factors have contributed to this shift. The introduction of the right to buy for public authority tenants in 1979 coupled with the decline of local authority new build, and the increased contribution of private sector house building.

Wanting to gain experience in the real estate field, Edward Alexander is looking to invest into a small income-producing apartment in the Back Bay-Beacon Hill area of Boston. He considers paying rent to someone else a waste of a capital building opportunity, given that he is building someone else’s equity.

Though it is carefully associated to real estate expending, the distinction is still evident. Real estate investing can be too overwhelming for a regular residence owner who needs to invest on something lucrative. Moreover,

Rent-to-own is an option that helps the seller and the potential buyer by allowing the potential buyer to save some money and secure the loan or funds they need to actually make a purchase. With the problems of too many homes on the market due to foreclosures and short sales, rent-to-own is a good option for the everyone involved. This option gives the owner a

Martin is a joint tenant with a right of survivorship with his friends Peter, John, and Thomas. All of them have passed away, and Martin has not been back to the property in more than 20 years. Consequently, Peter indicated in his will that he was leaving his interest in the property to his son Andrew. Andrew has taken a personal loan out and used his part of the interest in the property as collateral. The lender has initiated a legal action to foreclose on the property. Unfortunately, this type of property co-ownership is known as joint tenancy with rights of survivorship and the portion of the interest that is now owned by Andrew, in fact, can be attached by creditors. Andrew’s father, Peter, left his share of

The American Dream has been the motivation for millions of people over two centuries. At its roots, what really defines the American Dream? Everyone will have their own answer for that question, and that is part of the beauty of the American Dream. Each person can have their own agenda and their own dreams and goals. The Dream is constantly changing, adapting to the needs and requests of society as technology and medicine make rapid advancements.

Many of them were unable to own land in their countries of origin, and America of-

Upon agreement for this “rent-to-own” payment process, a potential buyer must meet monetary checkpoints that lead to further saving and increase of investment. Two key factors come into play through this payment method, option consideration and rent credit. Option consideration is a 2.5% to 7% of the total lease purchase price that is paid up front to the seller as an incentive to agree to the “rent-to-own” process (Tuman). Although it is more expensive up front for the buyer, this option consideration is more beneficial than it first appears. Upon the payment of the option consideration the negotiated price of the home is set, the right to buy the house is securedand rent credit becomes available. Rent credit is another aspect of this payment that is more expensive butis more beneficial than it first appears. Rent concept is the idea that is a buyer pays a higher monthly rent that incorporates a percent that acts as additionally credit, this additional money per month goes to the final payment of the house. This concept has the ability to lower the lease purchase price down several thousand dollars

| * Offers flexibility for people to decide where they want to live * Landlords are responsible for most of the maintenance of the property

Before we can promote rent-to-own concept, we must understand this occasion. The rent-to-own opportunity provides everyone with a chance to rent a completely furnished home and pay a fee every month. The home does not necessarily belong to the renters. The people renting the home actually have a feeling of being a first time house owner or being a house owner for the second time. Renters could also pre-own the merchandise as well by paying it off with payments. Most of the time people must work it out with the home owners. At any time of this agreement, the renters could actually break this lease,

buildings are sold, buyers often evict the existing tenants to move in themselves, combine several units, or bring in new tenants at a higher rate. When residents own their homes, they are less vulnerable, and may opt to “cash them in” and move elsewhere. Their options may be limited if there is a regional housing shortage, however, and cash does not always compensate for less tangible losses.

When someone makes the decision to buy or rent a home they must consider the advantages and disadvantages of each. In buying a home the primary advantage is that you actually own it. You can do whatever you want with it. Also, you are building equity as the years go by. “People today have problems saving for their future” (CNN Money, 2014). However, when they buy a home, the

Thesis: Home ownership provides greater potential gains than renting, while renting provides superior financial flexibility.

Buying a house has some very good ownership benefits. As a buyer and not an actual

One of the booming sunrise sectors in the world is undoubtedly Real Estate. Today, it has been recognized as one of the most lucrative investment alternatives. A good number of individuals irrespective of the demographic facets are seen considering real estate as a serious investment mainly because this is one such sector the value of which is sure to shoot up in the long run.