(Covid-19 related post)
With the widespread of the Covid-19 pandemic, this entire year has been a roller coaster. What started as an outbreak in China in Nov-19 has now become a pandemic that has conquered the entire world. With all restrictions imposed by the governments to control the on-going pandemic, the real estate industry has been significantly affected.
For individuals in the real estate industry, this entire year has been a big question market. Buyers and sellers are both unsure of what to do with their properties as there is no way of predicting when the pandemic will end or how it is going to be affected by the market in the long-run. Is this going to be our new reality?
We hope not! Therefore, if you are planning on buying a property but don’t have the required financial means at present, or want to play it safe for the next year, then the best choice for you at present would be to become a part of our Rent To Own program.
Why Is Now The Best Time To Invest?
You might be probably asking yourself why now? Well, the answer is simple – it is much more convenient than investing in a home in the traditional way at present. Are you wondering how? Well, here is a list of reasons which suggest it is the best time for you to invest in a Rent To Own property during your current circumstances and secure your future home
Save For Down Payment
We all know that securing a hefty amount for the down payment can be quite difficult. If you don’t have the full amount at present yet still wish to own a certain property in the future. Then the best way for you is to secure it at present is to become a part of our Rent To Own program.
You need as little as 3% of the purchase price or $10,000, in order to qualify for the program. Become a part of our Rent To Own program and enjoy living in your own home while you save money for the down payment by the end of the lease term.
Show Financial Stability
As a self-employed individual, you might not qualify for the traditional mortgage loans as lenders are reluctant to lend to self-employed individuals. But that is not the case with our Rent To Own program.
If your household income is above $50,000 annually and you have 3% of the down payment saved up, then you can become a part of our program. Over the course of the program, we will outline a plan that will help showcase your financial stability to the lenders for future mortgage loans.
Work on your credit
You might have a bit of debt lined up, which you were unable to pay back because of the pandemic. Well, the good thing is that you don’t need a perfect credit score to secure a rent-to-own property. So while you enjoy the property over the course of a specified period, you can pay back your debt and improve your credit score for a lower interest rate on the property in the future.
The Real estate markets outside of the Greater Toronto Area (GTA) are increasing and are predicted to continue to do so
With the ability to work from home, and everything being closed in the city centre, more and more people are flocking to cities outside of the GTA. People are searching for larger homes with office space now that our work world has changed for many. This trend will continue as people settle into the new way of the working world. This means that you should start our program NOW to get the best deal on your new home.
Takeaways
Our Rent To Own program is for all! If you fulfill our requirements, then congratulations, you are going to be a homeowner soon. So, what are you waiting for? Get in contact with our representatives and have them walk you through the entire rent-to-own process with the utmost professionalism. Your future is now! Invest now to score your future home!
Comments