Real Estate Services
Thank you for visiting my Real Estate Services page with information on what I’m doing to help others as a real estate investor. I primarily specialize in Canadian Rent-To-Own (also known as Lease Option) properties in the Vancouver Island, BC, Edmonton, AB and Fredericton, NB markets.
Purchasing your dream home can be a daunting process requiring knowledge and planning. Most importantly, three key criteria must be met to qualify for conventional mortgage lending; you must have consistent income, good credit and a down payment. Even with careful planning unexpected life events can happen and, when you least expect it, purchasing your dream home, when you’d hoped, may be no longer be possible. If your financial situation has suddenly changed, e.g. through divorce or bankruptcy, you may no longer afford the required down payment. If you’re self-employed or a contract worker, it will be difficult to show consistent income. Or, you may have the money for a down payment, but you struggle with poor credit or are a recent immigrant to Canada and do not yet have a credit history. A rent-to-own program is an innovative way to purchase your own home and a great alternative for people unable to qualify for traditional mortgage lending. My team and I are here to help you through our customized lease option programs.
What Is a Rent-To-Own Program?
A rent-to-own program can be thought of as a forced mortgage savings plan, setting you up for success to purchase the home at the end of the program. Instead of living in a rental property while you try to save money for your new home, you can move into your home right away while a portion of your monthly rent goes toward the down payment or equity in your future home.
Our rent-to-own programs are structured as Lease Option programs. As a Lease Option home buyer you are a tenant first (tenant buyer) and then, after an agreed-upon time period (typically 2-3 years), you have the option to purchase the home from the seller. Over the duration of the agreement the seller holds a portion of each monthly rent to go towards the equity in the home when you purchase it. Key to this arrangement is that, as the tenant buyer, you have the option to purchase the home at the end of the agreement. Unlike another type of Rent-To-Own arrangement, an Agreement For Sale, you are not legally obligated to purchase the home.
Benefits of Rent-To-Own for buyers
What We Do
- Help you move into a home of your choice in 2-3 months once you are qualified
- Provide an easy-to-follow action plan
- Customize a program and home that best suit your financial/personal needs
- Work with you to build your final deposit
- Flexible savings program to ensure your home ownership at the end
How You Qualify
- Make your monthly payments on time
- Provide insurance on your possessions (content insurance)
- Pay the utility bills
- Keep up the maintenance of your new home
- Following the action plan
- Complete the Tenant Buyer Questionnaire
- Provide proof of available savings
- Meet with our lending team to discuss purchase strategies
- Follow the steps given
For more detailed information on lease option programs for tenant buyers, go to the Rent-To-Own For Buyers page.
If you’re a seller interested in learning more about lease option programs, read more on the Rent-To-Own For Sellers page.
A well-planned rent-to-own program can be a win-win situation for everyone, whether you’re a home buyer, seller or an investor. Send a message or complete the tenant-buyer questionnaire today for more information on how to get started on your path to home ownership!