Our Rent-To-Own Process can be summarized in 5 easy steps: 

1. Consultation Phase

In this first phase, one of our Rent-To-Own professionals will have a quick chat with you to review your situation. Knowing your situation, we will then be able to match you with the best resolution for the best chance of success in the program. You will also be provided with all the information regarding our Rent-To-Own Program in order to be fully aware of how the whole process works.

This is a free, no-obligation consultation. No strings attached. With the information that will be provided to you, you to be able to make a more informed decision on whether this will program is what is best for you. 

2. Determine Buying Power

Congratulations, you have taken your first step into home ownership. At this point, you will meet with our program approved licensed mortgage broker who will evaluate your current financial situation, assess your income and expenses and review your credit report with you. 

We will work with the mortgage broker and you to determine your buying power, based on your initial option consideration, what you will be able to afford and can provide a recommendation on term for the program best suited for you. Our team will work with you to to have a financial plan, a working budget and devise a plan to rebuild your credit. 

At the start of this phase, we will require a $1,000 deposit from you that will be credited towards your option consideration. This will reassure us that you are serious about your future.

3. Look for Your Home

Now the fun stuff, time for you to go shopping for your future home. We work with many Real Estate Agents and can recommend a professional to you that specializes in the area that you are interested in. Our team will walk you through the whole process of purchasing the property on your behalf.  

The exciting part of our Rent-To-Own Program is that your options are not limited to a small inventory, you can select your future home from the MLS or any For Sale by Owner property. 

4. Move-in 

Now is the time to move in to your future home and officially start becoming a tenant again but this time, to a property you will eventually own and can now start building equity. You pay rent but a portion of the rent gets applied as Rent Credit that will be applied as downpayment at the end of the term. 

You will need two documents signed at this point, a lease agreement that you will have with while you are renting for the duration of the term and the option to purchase document that gives you the right to purchase the property at the end of the term. 

5. Exercise Your Option

At the end of the term, this is when you can exercise to purchase the property at the pre-determined price based on the option to purchase contract signed at the beginning of the term. You will work with a lawyer to complete the sale of your new home. 

Congratulations, at this point, you are now a new homeowner and have completed the Rent-To-Own Program.