We can help you achieve your dream of owning a home, with only a small down payment!
You’re likely already aware of the rental crisis that Australian tenants are facing right now. Ever rising rent prices are making it near-impossible for most families to save the money required to buy their own home. It isn’t a small problem. The crisis means that the average person is now spending more than 1/3 of their income on rent alone. This one fact means that fewer and fewer young families ever realise their dream of owning their home. Luckily, we are providing a solution. We can help you own your own home if you have a few dollars to put towards your future! Even if you haven’t yet considered buying your own home, consider the benefits of owning over renting:
- No Landlord to Answer To – One reason many people opt to own their own home instead of renting is simply to rid them of the control that a landlord has. Want a new puppy for your daughter? When you own your home you won’t need to ask the landlord first.
- You Won’t Be Throwing Your Money Away – When you spend your money on rent, you get nothing in return. Home ownership provides you with a way to get something back for the money you spend on a place to live.
- An Investment in Your Own Future – One thing that is certain – both rent prices and home prices will continue to rise in the long run. When you own your home you won’t be at the mercy of rising rent costs, and your future will be secured with the equity in your property.
- Possibilities – The biggest reason to own your home is simply the possibilities it allows you. Money you put into the home increases its value and you’re free to decorate, renovate, and change whatever you want!
We have helped thousands of Australian buyers buy their home and we can help put you into the home of your dreams! Click here to contact us with your housing requirements, or read on to learn how we can help you.
Two Ways we can Help You Own Your Home
We help others, just like you, to own their home every day. There are a few ways that we can help. The most common methods that we use to get you into your new home is to match you with a rent to buy or vendor finance arrangement that fits your requirements. In either case, we put you into your new home with as little money down as possible and at a monthly payment you can afford.
Renting to buy your home isn’t a lot different than your average rental agreement. There is one big difference though – when you rent to buy a portion of the money you spend each months goes towards owning that home! With a typical rent to buy agreement 20 – 30% of the money you spend goes towards the purchase price. There are a few ways that a rent to own contract can be structured. The most common structure is for the money that goes towards purchase to be set aside for the down payment, with the eventual intention of the renter using that money as a down payment and obtaining a mortgage. In other cases the rent to buy agreement may work towards the outright purchase of the property over a given period of time.
Question 56 of the Australian 2006 nationwide census asked to following question:
Of the 7 choices, choice 3 relates to dwellings purchased under a rent/buy scheme. This shows the importance and value of which the Australian government places upon rent to buy in the national home finance market. Rent to buy provides one easy way for you to own the home of your dreams, without huge down payments. We can match you to a home that fits your needs. Click here to contact us with your rent to buy home requirements.
Another common option for our buyers is vendor finance. Although this type of agreement has been around for a long while, with rising real estate prices it has recently regained popularity again in the Australian marketplace. With a vendor finance purchase the seller takes part in financing the home. The seller may finance only a portion of the home, or in some cases they may finance all of it. In any case, again this is an excellent way to buy a home without a huge down payment. Motivated sellers get to sell their home faster than they would on the open market, and buyers can take advantage of the lower down payment (sometimes with no down payment) to buy their home faster and stop throwing money way on rent. We work to match sellers with buyers just like you every day. Click here to buy your home with a vendor finance option.