Rent To Own Belleville Ontario
Belleville Ontario is a picturesque community in Hastings County.
With beautiful waterfront and a historic main street, this area is a popular destination for tourists and future homeowners.
Popular local attractions also include Sandbanks Provincial Park, and Prince Edward County (wine country)!
The current population 50,720, and according to the economic development office, year over year growth is expected at 1% until 2021.
Health care and other public services are accessible, and Belleville even has Loyalist College within it’s city limits.
Year over year house prices according to Quinte & District Association of Realtors Inc., rose 12.9% for 2019 compared to 2018. Also, residential sales activity is up 21% in the same period.
source * http://creastats.crea.ca/quin/
With the increase in sales, as well as the massive increase in price, the housing market in Belleville Ontario is a hard market to enter.
Using the 10% appreciation that the Belleville area has had over the last year, let’s look at an example of how the numbers work in a Belleville Rent To Own.
If you did a two year Rent To Own in Belleville, and the markets average 10% increase each year, the $250,000 home you purchased would now be worth over $300,000. However, since you locked in your appreciation at 4% with us, the final purchase price would only be $270,000. That is a difference of $3,000 of equity in your pocket.
Your friends will be jealous!
Belleville Rent To Own helps people who may be having trouble qualifying for a traditional mortgage with a bank. Our Rent to Own agreements are structured to put you the tenant-buyer into a position to have the best opportunity to be mortgage ready and successfully purchase your home at the end of the rent to own agreement.
We help people who have bad credit, recently divorced, self-employed or new to the country.
If you would like to better understand how Rent To Own works, click the following links.
Rent To Own Canada - Executing Rent To Owns Successfully With Integrity.