Tenant/Buyer

Make rent money work for you.

We work with aspiring homeowners to get them into the competitive Kelowna real estate market. We’ll match you with the right home and seller, and support you throughout your journey to buying your home the smart way.


How it works

1

MATCH

We pair the buyer with the right seller/landlord

2

AGREEMENT

We set the terms of the agreement

3

HOMEOWNER

Begin the journey to buying a home the financially-savvy way


The advantages of homeownership.

  • Put down roots
  • Forced savings
  • Appreciation of property value
  • Equity opportunity
  • Financial security
  • Freedom to utilize the property as you desire
  • Greater leverage for credit and borrowing
  • Strengthen your credit score (if all payments are kept current)
  • Tax advantages

Keep more money in your pockets.

WORK SMARTER Every month a portion of your rental payment is credited towards your down payment or the sales price. Your option deposit, which is your vested interest in the home, will also be 100% credited to you when you buy the home.

 

GROW EQUITY FAST Your equity accumulates in a rent-to-own model rather than with interest only financing through a private lender.

 

MONEY IN YOUR POCKETS When you buy with Rent To Own, you only pay the first month’s rent and as little as a 3.5% down payment. When you purchase a home through private financing, you will pay a 20-35% down payment plus closing costs and other fees.

 

NO SURPRISE COSTS Since you have given the seller an option deposit and you have been receiving monthly rent credits, there will be very little or even nothing left to pay at closing.

Take advantage of a unique situation.

IMPROVE CREDIT The beauty of rent-to-own sales is credit qualification restrictions are at a much lower threshold.  You are given time and credit coaching to repair any blemishes that are hurting your score

 

MAKE A PROFIT Since the sales price is locked in before closing (as specified in your agreement), any increase in property value will be to your benefit.  Your agreement allows for an “assignment”, you also have the option to sell to a third party for a profit, even before you have transferred title into your name.

 

MAXIMUM LEVERAGE You are spending very little money to control a potentially very expensive, and very profitable piece of real estate.

Convenience you deserve.

CONTROL You will be put in full legal control of the home for a specified period of time without actually having to own it. So, you can maintain or improve it however you wish.

 

MOVE-IN FAST You can typically take possession of the home in a week or less, instead of the conventional move in times of one to three months, after your offer is accepted.

 

TIME TO PREPARE Before you buy the home, you will have 12-48 months (depending on your agreement) to repair your credit, find the best interest rates, improve the home, and get yourself into a position to get a great mortgage from a lender.

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