Rent To Own Sudbury
Rent To Own Sudbury Ontario
Sudbury is located in Central Ontario, and is home to Science North and has access to amazing trail systems, lakes, and Crown Land, perfect for any outdoor enthusiast.
As winter approaches in Sudbury, the temperature falls, but the number of housing sales is not. October 2019 recorded the second-highest number of home sales according to CREA.
The average home price in the City of Greater Sudbury for October 2019 was just over $281,000. That marks a 12.7% increase from the same time last year.
One of the benefits of Rent To Own Canada is that we appreciate the home by only 4% or less each year.
Using the 12% appreciation that the Sudbury area has had over the last year, let’s look at an example of how the numbers work in a Sudbury Rent To Own.
If you did a two year Rent To Own in Greater Sudbury, and the markets averaged 12% increase each year, the $250,000 home you purchased would now be worth over $313,000. 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 $43,000 of equity in your pocket.
Your friends will be jealous!
Sudbury 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.