• Rent To Own strategies offered by a professional, licensed, bonded and insured REALTOR ®.
  • Full MLS exposure included for all Rent To Own property sellers.
  • My brokerage is Sage Executive Group Real Estate the Okanagan's BIGGEST independent brokerage.

Renter/Buyer Benefits

One of the greatest benefits for you and your family of our Kelowna rent to own program is the feeling of pride and security that you now have a plan in place to finally own a home or condo without having to worry about being forced to move when the owner wants to sell. There are however many other advantages and benefits which are listed below such as the tax strategies, property appreciation, and security. It is important to note that you will be dealing with the licensed, bonded and insured real estate brokerage and REALTOR. We have an experienced team in place that will provide you with a rent to own plan so you can own a home or condo today as opposed to years from now when property values may have risen significantly higher. Read on to learn more about the benefits of our rent to own program and fill out our free application to begin.

Many who are actively seeking homes or condos for sale on a Rent to Own basis do so because of the following reasons:

  • They are tired of renting and paying someone else’s mortgage,
  • They are tired of moving everytime the owner wants to sell
  • They cannot currently purchase a home through conventional means,
  • They want that “pride of ownership” feeling and ability to customize the home,
  • They have pets and need a pet friendly option.

Here are some features and benefits of our Kelowna rent to own program:

  • Faster equity growth: Equity accumulates much faster than with conventional financing through a bank or lender. For example if your home is valued at $300,000 and the value increases by 6% that year you would have increased your net worth by $18,000 and remember your primary residence profit is tax free. It’s important to remember that you may have only invested $15,000 to acquire the property and by leveraging the banks money you have now made over a 100% return on your investment that year. *these values are not an indication or guarentee of what you will make but are used to show the potential of equity growth in real estate.
  • Rent money is working towards your purchase: Every month a portion of your monthly payment is credited towards your option payment or closing costs on the sale price of the property.
  • Your initial option payment is credited towards purchase: When you sign a Rent to Own agreement, you will pay an option payment (typically 3-10% of the properties value) on the purchase of your Kelowna property. This money is your vested interest in the property and will be fully (100%) credited towards your mortgage when you buy the property.
  • Minimum cash out of pocket: When you purchase a property the conventional way, you must pay at least 5% down plus closing costs, land transfer taxes and legal fees. With our Rent to Own program, you only pay first months rent, a security deposit, and an 3-5% option payment for the guaranteed right to purchase the property at a future date. This will save you thousands of dollars so you can move in to the home or condo you want faster.
  • Frequently no down payment at closing: Since you have already provided an option payment and you have been accumulating monthly credit payments, there will frequently be very little or nothing left to pay for a down payment at closing.
  • Profits from appreciation: Since the sales price is locked in before closing (as specified in your agreement), any increase in property value will mean that your net worth / equity (what you owe minus what it’s worth) is increasing in the home.
  • Increased buying power: When you buy one of our Kelowna Rent to Own homes or condos, you can put down as little as first month's rent, security deposit and an option payment of as little as 3% to 5% of the properties value. Compare that to a typical bank or lender who requires 5-30% down plus closing costs, land transfer taxes and legal fees.
  • Credit problems okay: Qualification restrictions simply are lowered with timelines put in place to allow you to do what is necessary to qualify. We will connect you with an experienced and licensed mortgage broker that will help you put a financial plan in place to qualify for the mortgage at the end of the rental term. There are no fees to apply so fill out our Free Application today to learn more.
  • No taxes, less liability: Since you do not own the property (yet), you will not have to pay property taxes and your liability exposure will be dramatically reduced.
  • Quick move in time: You can take possession of your Kelowna property in as little as two weeks, instead of conventional move in times of one to three months, after your offer is accepted.
  • Maximum leverage: You are spending very little money to control a potentially very expensive, and very profitable, piece of real estate.
  • Time: Before you actually buy the home, you will have several months to several years (depending on your agreement and needs) to repair your credit, generate a higher deposit and/or find the best interest rates.
  • Privacy: Your name will not be on the deed or in the public records until you exercise your option to buy.

Contact us today for a free consultation so you to can enjoy the benefits of our rent to own program in Kelowna.