by qcontactust
8. March 2010 13:27
A rent to own transaction is when a landlord agrees to lease a home to a tenant and the tenant has an option to buy the home for a pre-negotiated price before the end of the lease.
The primary components of a rent to own transaction are the rental term, the purchase price, the upfront deposit, and the monthly rent credit. Below are a few basic steps to get you started:
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Opportunity to Own Your Dream Home:
You have the ability to own your own home as you build up equity and fix any potential credit problems.
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Prepare for Home Ownership:
Take your time and learn how to properly care for a house as you move towards your goal of home ownership.
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Get the Help You Need
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We have partnered with trusted experts who can help you to improve your credit, pay down your unsecured debt, and save towards your down payment
Financial Benefits
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Turn Your Rent Into An Investment:
Both a portion of your monthly rent and down payment at closing will be credited to your purchase price.
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Profit from Appreciation:
In a Rent To Own agreement the purchase price is fixed, giving you the opportunity to make equity gains in the midst of growing real estate markets.
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Credit Improvement Specialists Available:
Our credit experts can help you build your credit to the point of making a purchase at the end of your lease.
Transaction Benefits
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Upfront Timing:
The timing for moving into a Rent to Own home can be much shorter than purchasing a home should you choose to exercise your option.
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Maintain Your Flexibility:
Rent To Own gives you the flexibility to walk away from the property at the end of your lease term, should you decide you don’t want to make the purchase.
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Potential to Own With Any Credit:
Whether you’ve had late payments, a bankruptcy or simply haven’t had enough time to build up your credit, a Rent To Own home may enable you to build equity and repair credit while renting to own your home.
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| Ed Tracy, Sales Representative, RE/MAX chay realty inc., Brokerage, 152 Bayfield Street, Barrie, Ontario, Canada L4M 4V1. Independently Owned and Operated. |
Phone: Direct: 705-796-6348, Office: 705-722-7100, Fax: 1-866-875-7962 Contactus@edtracyhomes.com Privacy Policy |
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by support
2. September 2009 09:07
The Success team at EdTracyHomes.com
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