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.
To prevent such events happening to them, consumers must ensure that the vendor fiance specialist they choose is one who is reputable, financially sound or otherwise they may unfortunately end up in a situation like the two ladies in this video.
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.
Rent to Buy - How it Works...
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 2011 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.
Vendor Finance
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. Here is a video with a quick explanation on how vendor finance works:
We work to match sellers with buyers just like you every day. Click here to buy your home with a vendor finance option.
Latest Blog Articles
The fact about life is, it is full of ups and downs. Stumbling and falling, sad and joyful moments. Well definitely, thats what life is. Some have their own testimonies about life dramas in which we can sa a very challenging experience or might be a very successful story. Life is full of choices.
26/01/2012 12:58:00 PM
Own Your Home
Fear is the is the worst feeling a person may have. If there is fear, things can be made complicated or may not become completely successful at one thing currently working on. It made a person to doubt on things, starting not do anything on things they love the most because of doubt which is driven by fear alone. Fear is the source of failures in life and fear comes from lack of self confidence.
23/01/2012 12:43:00 PM
Own Your Home
Renting seems to be an endless payment. It starts with a downpayment, and ends with of course still payments. It is really hassle and risky. Obliged to pay for monthly payments, spending huge amount in which nothing you can get and enjoy of in future times. Even if it takes time to transfer residence location from one town to the other, we disregard the risk just to look for lesser amount of rents. Hence, the heading is still the same "Rent".
19/01/2012 12:23:00 PM
Own Your Home
Nowadays, renting is very common to most of our residents in the country. Basically renting has major causes, like if someone has been moved to another area of responsibility specifically job, our first option is to rent for we don't know if the assignment in that area would take some time to do. When the budget is just enough for living or insufficient funds to put a downpayment for a new home is another cause. Besides, another factor is not having an appropriate deposit to cash out homes could lead us to the opt to just rent. Renting seems to be the first key if we lack deposit and enough fund.
14/01/2012 3:54:00 PM
Own Your Home
With every passing day, the problems with rent-to-own home are on a run. Instead of being aware of the fact that if you don’t take care of the issues now, people don’t stop spending and end up with no cash in hand. Whenever, you are dealing with rent-to-own thing, there is always an agreement to sigh called as lease agreement. Basically, what lease agreement refers , is to give the tenant an option of purchasing the property after a certain amount of time. This option is specifically for those who are unable to purchase the property or pay a large amount of money on regular basis. However, rent-to-own is somehow favorable for both the buyers and sellers.
13/01/2012 6:26:00 PM
Own Your Home