“Rent to Own” Means “House Won’t Sell”

Someone said on the comments section of another blog that when you see an ad that says “rent to own” or “rent to buy”, that means that the owner can’t sell the house at the price that they want and that they are waiting for the pricing environment to improve.

As you are driving around Monmouth County, try to notice the number of “For Rent” signs in towns that normally do not have rentals. I have counted about four in Little Silver in the past month. Although at least four rentals in Little Silver may not sound like a lot, I believe it is about four more than usual and might indicate that some people are having a tougher selling these properties that they probably meant to flip.