How does rent to own work in bc

Posted on 23.06.2018 by Admin
With rent-to-own, the potential homeowners find a funding company that will buy the property the homeowners want to buy and then rent the property to the homeowners. Think of it as the training any potential homeowner should have before purchasing. In theory, rent-to-own can be great for renters who want to become homeowners but dont have a down payment. See if a rent-to-own agreement is right for you.

Under most rent to own home programs, the company will work to buy houses for sale from individual sellers.

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I believe that I have a lot to contribute to a team environment, and am comfortable in both leadership and player roles. As the owner of the home, the company leases it to you and serves as your landlord. But be sure you fully understand the contract and can fulfill your part.
Potential buyers who are not able to purchase an investment property with cash or get qualified for a mortgage loan due to a bad credit score are the ones asking how does rent to work. In many rent to own programs, the company works with you to find a house you like and then they buy it outright.