How does rent to own work in Calgary, Alberta?
Rent to Own agreements are designed to create mutually beneficial relationships between the home purchaser and the financing or investment company.
If you’re interested in securing a property which you can call your own, we may be able to help you. Shaw-Roco Solutions is pleased to offer our “Homeowners Solution” program which provides excellent opportunities for new home purchasers to successfully enter the real estate market – even with bad credit or complex personal situations.
Individuals interested in a rent to own agreement, would meet with a real estate investor (such as Shaw-Roco Solutions Inc.) and start the process. The first step is filling out a comprehensive form to become qualified for our rent to own program. This is where you’ll answer a few questions surrounding your home ownership histories, such as have you owned a home previously? have you been through bankruptcy or foreclosure? what is your ideal monthly rent? etc.)
Once you’ve filled out the form, we touch base to set up a meeting. As we move along in the process, we discuss specific options based on your unique situation. Terms are typically between 2-3 years and you will usually have an opportunity to choose your own home. While certain conditions will apply, we understand that it is in everyone’s best interests to have you move into a home that you truly love – which is perfect for your situation. Having our Homeowners working with us to select the perfect property benefits for everyone. You can select a property that you will enjoy for several years (which is important for long-term agreements and purchasing plans) and you can even make small renovations and improvements to the home in many situations.
With the ability to choose your home, customize it to fit your needs and preferences, and begin making payments towards the final purchase of the property for yourself, Rent to Own agreements provide multiple benefits for families in many situations.
Once the agreement reaches maturity, new home purchasers will have contributed to an options payment program that will go towards your option to purchase. Depending on the specific arrangement, this is usually an opportunity to access traditional financing and completely purchase the home independently. Alternatively, if something has changed with the purchaser’s situation other options may be available.
For more information about Rent to Own and to arrange a free, no-obligation consultation please Contact Us Today at 403-933-2838 or firstname.lastname@example.org