Yes, you need a minimum of 11.5% of the price of the desired property, as well as 1-2% extra for the fees, depending on the situation. This down payment is used to pay the option on the property. This amount will be converted into a deposit at the end of the term and deducted from the sale price. The price paid for the option is refundable if you decide to no longer purchase the property, are not eligible to buyback, or if you default on your payments and must be evicted, but only after all costs incurred to the investor to liquidate the property. These included but are not limited to: any loss in rents, lawyers costs, damages to property, etc. We mention this because we are looking for families who want to be future homeowners. We are committed to providing outstanding credit repair and support services to all who are ready to own their own home.

The resale price is based on the rate of appreciation in the sector and a minimum resale value. This varies between $5,000 and $8,000 per year. For your comfort and so that there are no surprises, the redemption price is locked-in at the outset. If you are unable to purchase within the initial term, you can be renewed and then the resale price will be adjusted for year 4 and for year 5 (if required). Pour votre confort et pour qu’il n’y ait pas de surprise, le prix de rachat est fixe. Le prix de revente peut être revu seulement si vous n’avez pas rempli votre obligation d’améliorer votre cote de crédit et s’il faut vous donner une extension.

The investor becomes the owner and holds the house for you temporarily. Simply put, he only wants to invest money in an ethical manner and in a hassle-free way. He has no interest in occupying your home or doing any repairs or maintenance to the property. These are your responsibilities.