Rent To Own Souris
Rent To Own Souris Prince Edward Island
Souris is located close the the beautiful Basin Head Provincial Park which attracts tourists from around the globe.
Souris is only an hour drive away from the Provincial Capital Charlottetown.
Home prices on PEI has been experiencing astronomical growth recently.
According to the Prince Edward Island Real Estate Association prices in October 2019 are up 24.1% when compared to a year prior in October 2018.
With the Souris and the rest of Prince Edward Island home values rapidly increasing, it’s no wonder why potential homebuyers are having a difficult time entering the market.
Using the a modest 15% appreciation compared to the 24% increase that was seen from October 2018 to October 2019 that PEI has seen, let’s look at an example of how the numbers work in a Souris Rent To Own.
If you did a two-year Rent To Own in Souris, and the markets average 15% increase each year, the $300,000 home you purchased would now be worth over $397,000. However, since you locked in your appreciation at 4% with us, the final purchase price would only be $325,000. That is a difference of $72,000 of equity in your pocket.
Souris Rent To Own helps people who may be having trouble qualifying for a traditional mortgage with a bank. Our Rent to Own agreement is 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.