Opening a store on Rent2Buy is really easy. And best of all, it’s free. Our e-commerce platform was created with the vision of connecting buyers and sellers on one comprehensive online marketplace. Our goal is to provide businesses and consumers a space in which to transact in innovative ways.
What makes Rent2Buy unique and differentiates us from Craigslist and other such online marketplaces is that you can choose to list your items as for sale, for rent, or as rent to buy.
Your store will be a comprehensive online marketplace where you can list your entire inventory. You can delete or add items at any time. You can upload your logo, upload multiple pictures of your items, add descriptions, and give potential customers in-depth information about your items to a degree that you can’t on other online sales platforms. In just a few short minutes, you’ll have your very own online marketplace up and running!
How to Open a Store:
1. Go to: http://www.rent2buy.com/stores/stores.aspx
2. Sign-in using a Google, FB, Twitter (etc) account, or create an account on Rent2Buy.
3. Once logged in, click the ‘open store’ button at the top right-hand side of the page.
4. Click on the ‘open a free store today’ button.
5. Fill in information about your store, upload your items, and start selling!
In a few short minutes, your store will be open and ready for business!
Rent2Buy now has a new face! Check us out at blog.rent2buy.com! The new blog will have all of our new updates and blog posts. Feel free to comment and give us feedback on the new blog. Let us know what you like, what you don’t like, what types of posts you’d like to see in the future, etc. We just want to connect with you, our audience, as best we can. Let us know if we’re doing a good job!
The National Credit Act has made it difficult for potential home owners to get the loans they need to finance the purchase of a new property. This inability to get a loan makes it more difficult for these people to enter the housing market. Both first time buyers and the self-employed are particularly affected by the Act. Reports show that close to 50 percent of employed bond applicants are declined each month. An even more startling statistic is the 58 percent of self-employed applicants who are denied home loans.
A new concept is revolutionizing the South African property market. The introduction of a new Rent2Buy program in the area will provide buyers and sellers with an alternative way to conduct transactions. Meyer de Wall is the founder of Rent2Buy as well as a practicing attorney. According to De Wall, “We negotiate agreements between potential buyers and sellers whereby the buyer concludes a rental agreement with a seller with an option to purchase the property by a certain date and at an agreed price.”
Rent2Buy works by assuring the seller a set price for the property in the future. The buyer of the property pays rent in an amount that is approximately equal to the buyer’s future bond repayment. A unique aspect of the rent to buy transaction is that buyers are able to take immediate ownership of the property. Because they are taking over responsibility for the property, they are able to treat the home like it is their own and make changes accordingly. They will also be responsible for any rates, taxes, levies and maintenance.
“The idea is that the buyer uses the option period of the contract to prove his affordability and creditworthiness to the bank,” De Wall explains. “This way the buyer can eventually secure a loan to purchase the property. In addition to using the time to save for a deposit, he also shows he can afford the property and be disciplined by paying rent regularly and on time.”
Rent2Buy launched a home owner education programme with the goal of training and mentoring bond applicants and helping them succeed at securing a home loan. The My Budget Fitness programme will improve an applicant’s credit rating and put him on the path to being financially fit for a loan.
The programme was developed in association with Solly Molefe of Setsmol Training. “The programme is unique as it assigns personal budget trainers to applicants and uses innovative software to help home loan applicants track their progress and reach a financially fit state,” Molefe says. “Through mentorship, education and month-by-month guidance, home loan applicants reach affordability and clear their credit record as required under the National Credit Act.”
The My Budget Fitness Programme is available to anyone looking to secure a home loan, not just Rent2Buy customers. The hope is that allowing everyone access to this type of program will improve the ability of anyone seeking a home loan to achieve their goal of being financially fit to be approved for a bond.
Due to the amount of unsold properties in Spain coupled with falling home prices, Connells Group is to market thousands of heavily discounted Spanish properties.
Connells is partnering with Mediterranean CAM, the property branch of the Spanish savings bank CAM.
The rent to buy program will give buyers the option to rent a property for up to seven years. If the renter decides to purchase the property in the first two years, all the rent paid may be deducted from the purchase price.
In addition to the rent to buy option, buyers will have access to 90% mortgages through CAM.
According to Stuart Flavell, Connells chief executive: “We are delighted to have been chosen by Mediterranean CAM to market properties abroad. CAM Bank is the fourth-biggest savings bank in Spain and is an important financial institution with an impressive track record.
“Now is a great time to purchase a Spanish property and we believe there is an increasing number of people looking to buy in this market.
“Our customers can now purchase a property abroad, safe in the knowledge that they have the backing of a recognised and respected UK estate agent, together with guidance and advice from a well-established and successful Spanish Bank.”
To read more, click here.
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Rent2Buy Agent Network program will increase your experience, value and potential by being a member of our agent network program. Our Agent Network Program will allow you, the real estate agent, to be in direct contact with our buyers and sellers. You will have the opportunity to be the EXCLUSIVE AGENT in your TERRITORY. We only allow one agent per zip code, so you will not have any competition from other real estate professionals in your EXCLUSIVE area. Sign up now and receive the following information.
- Access to property photos
- Contact info about homeowners currently in default with regards to their mortgage
- EXCLUSIVE TERRITORIES starting as low as $60.00 per month
- For Sale By Owner leads
- Qualified Real Estate Leads – Every real estate lead provided is an individual who has requested to speak with an agent
- Exclusive Real Estate Leads – Every real estate lead you receive is exclusive only to you and will not be re-sold
- Real Estate Leads in Real Time – Our real estate leads are delivered instantaneously to your email and/or mobile device
- Real Estate Leads with a direct request from Real Estate Buyers – Only individuals who are looking to buy a home
- Real Estate Leads with a direct request from Real Estate Sellers – Only individuals who are looking to sell a home
Click here to sign up, and one of our representatives will be in touch with you!
The following is a clip from a conversation Jill Schelsinger of CBS Money Watch had with a New York City resident in the newly opened Highline Park on Manhattan’s west side. In the clip, Jill interviews Matt, a young renter who says his primary financial goal is to save to buy a house. He is currently trying to save around $100,000 for a down payment, and has no debt.
When Jill asks, “Does it make sense for you to own something now instead of rent?” he replies, “I don’t know.”
Though people often say that renting is just throwing money out the window, sometimes renting really makes sense. For example: If you are saving for a half a million dollar house that requires a $100,000 down payment, there will be additional costs. On top of the down payment you are going to have a mortgage and insurance, on top of which you will pay taxes as well as any maintenance costs.
Jill recommends going through the exercise of finding out what the comparable rent would be to get pretty much the same thing. If the numbers come out such that owning will be $6000 a month and renting will be $3000, it might not make sense to buy. Keep renting! Jill also points out that sometimes it doesn’t make sense to own if you live in a big city where owning is expensive.
If you use the extra money well, by putting it in savings or in a 401k, then the option to rent makes sense. In this case, Jill says to rent until it doesn’t make financial sense to rent anymore, or when you find something you love and the price differential is not that great.
There is no clear answer to the rent vs. buy question. It all depends on your financial status, where you live, and what your goals are. Jill Schlesinger makes a good point: Owning a home may not be your best bet in every case. To make the most informed decision possible about how to achieve your goals, do a cost comparison between renting and buying, factoring in your own personal financial circumstances. Careful consideration and an open mind will allow you to make the best possible decision.