Open the Door to Homeownership:
Rent To Own Plan
Struggling to get a mortgage with traditional banks? Perhaps you’re self-employed or you had a small credit issue that is still in the process of being resolved…
Select One Properties can help!
01
Find Out If You’re Eligible
We would be forming a partnership for the length of the rent to own period. Start by applying with Select One Properties.
03
Speak With Our Team
Once your application is received, Select One Properties will reach out to you and create a tailored plan for you.
Introducing our Rent to Own system
for future home purchasers.
Our goal is to start putting money back in your own pocket. Our process is simple and streamlined.
Our team has invested in real estate for 10+ years and are now extending our services to help more people experience the power of home ownership.
Who Does Rent To Own Benefit?
Introducing our Rent to Own system
You are self employed
As an entrepreneur, your income fluctuates, making it challenging to be approved for a traditional mortgage.
You are new to Canada
New residents often do not have an established credit history to quality to a traditional mortgage.
You are saving for a down payment
Rent to own can help you secure the property you want while you save more for your down payment.
You have bad credit
Rent to own lets you repair your credit and get back on track to becoming a homeowner.
You had a disruption
Life events such as separation or dirvorce affecting your credit score to obtain a traditional mortgage.
You were told no by the banks
We will take a look at your situation, and develop a plan to move forward. There are options available!
F.A.Q.
Frequently Asked Questions
Your Path to Homeownership: Our Rent to Own FAQ section offers insights into how this program works, its benefits, and the application process. Get answers to help you assess if this is the right homeownership path for you.
Yes. Rent to own is legal in Canada, USA, Australia, UK and several other countries. Currently, the Canadian government is talking about Rent to Own as a viable option for Canadians to get into homeownership. Furthermore, in the 2023 Special Issue of Macleans magazine: The Year Ahead, it is predicted that the Rent to Own Real Estate Model will take off.
Sprout Properties Rent to Own Program does require a small down payment of 3% or $10 000, whichever is higher. We will work with you to help you find ways to secure the funds for your home. Sign up for our newsletter for education tips on saving money, credit, and so much more!
Sprout Properties Rent to Own Program requires a minimum of 3% of the purchase price of the home to enter our program or $10 000 minimum whichever is higher. If you are close to this amount please reach out and have a conversation with a member of our team. We would be happy to help you come up with a plan to get to $10,000 or 3%.
Rent will be similar to rents in your area for the same size home. Please note that your rent must cover our expenses (mortgage, home insurance, and property taxes).
100% of the ownership option goes towards your purchase. The specific rent and ownership option portions will be clearly defined for you.
Select One Properties Rent to Own Program is 2-4 years in length. Each program is uniquely designed based on your situation. We have flexible payment options and terms. In many instances you will get to choose, for example, whether you want to fast track in 2 years or choose a 3 year program to give yourself a bit more time to save.
Our expert team members will ensure that you are set up for success at every step of the program. They will assist you in finding the perfect home, building or repairing your credit score, saving for your down payment, obtaining your mortgage, and buying your home at the end. We have been helping families transition from renters into homeowners since 2015. We have the team, skills, and experience to help you succeed!
Yes, in fact, we highly encourage it. You will need an approval by us before the improvement, however you can paint, put up a fence, and make other improvements to change your house into a home you love. Also to note: When you improve the property in our program you win! We have already set the future purchase price for you, so any improvements that increase the value of your home goes directly into your pocket as sweat equity.
Yes you do. We send you shopping with one of our qualified realtors to ensure that you get the perfect home for your family at the right price. Our realtors are local to each area so they are familiar with the markets and are experts in that area.
Contact Us
Today
All information provided is treated with the utmost confidentiality.
Phone Number:
+1 780-882-5440
selectoneproperties@gmail.com
