Rent to Own Kitchener Ontario Homes

This Week's Featured Home

2010-08-08T09:17:00.013-04:00

Enter this executive home through the large welcoming foyer. Office to the left, livingroom to the right, kitchen straight ahead, hardwood stairs leading up. Off the kitchen/eat-in area you'll find a formal diningroom, a huge familyroom, and a covered deck. Upstairs are 4 bedrooms a large main bath plus a huge ensuite off the master. Downstairs is completely finished with 2 more bedrooms, eat-in kitchen, full bath, huge livingroom and walk out to patio area and large tree-lined backyard.

Rent to Own terms:
Waterloo area home
Approx. 4,100 sq.ft.
4 bedrooms
4 bathrooms
2 car garage
$2,800/month

235 Greenbrook Drive Kitchener, Ontario

2010-07-28T21:57:00.011-04:00

Click here for more pictures!

First time home buyers we've got your dream home!
No Bank Qualifying! Rent-to-Own!

Beautifully renovated 3 bedroom, 2 bath, raised bungalow with 2.5 car heated garage. Huge 70x110 lot. No carpet home with hardwood, ceramic and marble flooring throughout. Granite counter-tops in kitchen and main bath. Maple no-slam cupboards in the kitchen as well. Hardwood in all 3 bedrooms, hallway and living room. Fully finished basement with walkout to patio and backyard overlooking ravine and creek. Basement also has a second 3pc bath and real wood burning stove to snuggle up to!

Brand new high-efficiency gas furnace and air conditioner just installed. New roof last year, newer windows throughout, new front door and sidelights, new extra-wide double drive and retaining wall. Freshly painted throughout in nice neutral colours. Appliances and furnishings can stay.

This home is ready to move in when you are!

Rent to Own terms:
Lease: 1 year
Rent: $1,500/month + utilities
Rent Credit: $300/month
Down: $9,000

Interested? Click Here to Contact Us!

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SOLD!

2010-01-16T10:43:00.002-05:00

Nature Lover's Retreat! Country home in the city -- tranquil, secluded, heavily wooded, ravine location in a premier neighborhood. Spacious rooms, formal and casual living areas, 4 bedrooms, 3 full baths, deck and patio off major rooms, long drive fits up to 8 cars, double pane glass, hi-efficiency central AC/heat, Energy Star kitchen appliances. Private road to property. Private fish pond. Home sits on 14,000+ sq ft tract with adjacent unimproved 14,000+ sq ft tract included in sale. Property can be sold furnished.

Incredible Rent to Own Home in Kitchener!

2009-12-19T18:41:00.004-05:00

Ready to move in 3 bedroom 2 bath 2-story home with garage, deck and fully fenced yard. Quiet Kitchener court location. This rare rent to own opportunity features hardwood and ceramic on the main floor and high quality carpet in the bedrooms.

Sorry this home has already gone under contract!

Get Your Free Credit Report before Renting to Own a Home

2009-08-01T16:18:00.000-04:00

Why a Free Credit Report is Important to You

The whole point of getting into a home on a rent to own basis is to eventually buy it and to do that you need decent credit. A rent to own home allows you to get into a ownership-like situation where you can enjoy your home while you improve your credit, but you MUST improve your credit if that's what was holding you back from buying in the first place.

The first step toward home ownership is knowing where your credit stands right now. You can find this out quickly and easily thanks to all the free credit report, credit score, and FICO websites available today.

The reason getting your credit report is so important is because it tells you exactly what needs to be fixed so that you can qualify for a good mortgage. Once you know that you can start making improvements, which are usually pretty simple like making sure you pay your credit cards on time and pay them off as soon as possible.

So get started today, get your free credit report, and before you know it you'll own your beautiful rent to own home!

Photo courtesy: Andres Rueda

Related Posts:
How to Rent to Own a Home

Selling on a Rent to Own in Kitchener

2009-07-15T17:53:00.005-04:00

Thinking about selling your Kitchener home on a Rent to Own arrangement? That's an excellent choice and I'll show you why.

1st - There aren't many owners offering their properties as a Rent to Own so yours will stand out from all the other homes that are just for sale.

2nd - Rent to Own buyers can be very flexible because most don't have another home in Kitchener or anywhere else to sell. Plus if you need to move quickly they may be able to move in within 30 days, not the usual 90+ days with a sale.

3rd - You don't need a real estate agent to Rent to Own your home so you save on average $12,500 commission based on current prices in the Kitchener-Waterloo-Cambridge area.

4th - Unlike a tenant a Rent to Own buyer will care for your property like they already own it. When minor issues crop up they don't call you they call the repairman.

5th - Finally (for today) on a Rent to Own sale you get your price. There's usually no haggling or offers and counteroffers. Buyers know that when a home in Kitchener goes up as a Rent to Own they better jump on it!

Yes, yes, that's all find and good but what is the downside of selling my Kitchener home on a Rent to Own?

#1 - The single most important thing to watch out for is the attitude of the prospective buyer. Do they think like a renter or a buyer? This has a lot to do with you and how you present your home. Do you view a Rent to Own as renting or financing? I always present it as a Rent to Own SALE and haven't run into any problems.

#2 - Get some down payment, again this is a sale not a rental. It's normal for a Rent to Own home in Kitchener to require a $5,000-$10,000 down payment.

#3 - Don't be discouraged by negative Realtor comments. They can't stand it when someone sells their home on their own, they're afraid it's going to get out that selling your home on a Rent to Own is easy and commission-free, and they'll lose their livelihood.

#4 - Find a good lawyer who understands how a Rent to Own works. In the Kitchener-Waterloo area I recommend Victor Hussein.

Those are some of the key factors in deciding why you should or shouldn't sell your home on a Rent to Own and how to do it in Kitchener. Good luck!

Why Rent to Own Kitchener Real Estate

2009-07-08T17:05:00.003-04:00

Rent to Own is a great way to buy real estate in Kitchener. Not only do you save money, you put your rent to work for you instead of throwing it away. Real estate agents in Kitchener might tell you that rent to own isn't the way to go, but that's just because they don't make much commission.

Many owners of real estate in Kitchener are open to a rent to own arrangement. With it you can often move into your new home with little or no down payment. A portion of your rent to own payment will apply toward the purchase of your Kitchener real estate, and that's smart!

With a rent to own you lock in the price of any real estate in Kitchener that you choose to buy. The price could be locked in for 1 year up to 5 years but the most common is 2-3 years. Since real estate prices historically have been very stable or gradually rising in Kitchener for decades this is as good as buying the home outright.

No mortgage insurance is another great reason to rent to own some Kitchener real estate for yourself. The insurance adds up to thousands of dollars on the purchase of your home.

No land transfer tax. Since it's a rent to own and not a traditional sale the purchase of real estate in Kitchener will save you at least another $1,500.

No more landlords! Some would have you believe that buying Kitchener real estate by rent to own is no different than just renting. Nonsense! One of the main reasons why the owner of real estate in Kitchener would rent to own their home to you is because you will take care of it like it's already yours. They can take a hands-off approach and save themselves thousands of dollars in management fees.

Those are a few of the reasons why Kitchener Rent to Own Homes is a great choice for buying your next home!

How to Rent to Own a Home

2009-07-01T23:39:00.001-04:00

You've decided you want a rent to own home to call your own. Where do you find such a thing? Depending on where you are there may not be many "rent to own" ads in the paper or even online. So what should you do?

1. First realize that just because a home isn't advertised as rent to own doesn't mean the owner won't consider it.
2. These days a lot of home owners are struggling to sell and are open to a rent to own arrangement so don't be afraid to ask.
3. Grab your local paper or get online and start calling/emailing ads for homes you like.
4. Ask them flat out: "Would you consider doing a rent to own with me?" Many will say no, but some will say yes.
5. Get a good lawyer or title company to draw up a good rent to own argeement.

Why Consider Making your next home a Rent to Own Home?

* Many home owners don't realize that a rent to own arrangement is much different from a regular lease so they probably won't require a down payment.
* If you're in a high price market the rent to own payment will be less than a mortgage payment.
* Few home owners require a credit check before you rent to own from them.
* A rent to own home allows you to build equity before you even buy.
* Part of your rent to own payment goes toward your down payment.
* You can thoroughly check out the home and the neighborhood before committing to buy.

What are the Pitfalls of a Rent to Own Home?

a) If you don't buy the home you lose your rent to own credits.
b) If the price goes down you may not be able to qualify for a loan.
c) If the price goes up the home owner may fight to get the home back.
d) If you live in a state/province where laws favor the landlord you may not have as much protection as you would from a lender.

Although there are some potential risks a rent to own home is a great choice in these difficult times and by learning these basic priniciples you will be able to find a great new home to rent to own for you and your family in no time!

Welcome to Kitchener Rent to Own Homes

2009-07-01T17:09:00.003-04:00

Welcome to Kitchener Rent to Own Homes. This site provides information about buying a home with no credit or bad credit in the Kitchener area. Please add a comment to any of the Rent to Own Homes that you're interested in viewing.

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2009-07-01T17:02:00.002-04:00

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Beautiful 2-Story by Kitchener Rent to Own Homes

2009-06-21T18:19:00.003-04:00

You will love calling this stunning home your own. Featuring 3 large bedrooms and 3.5 baths spanning just over 1950 sq. ft. An extra deep double garage leaves plenty of room for a workbench and there's plenty of storage in the untouched basement too. Hardwood and ceramic tile throughout make this home easy to maintain and low on allergens. A professionally landscape yard front and back with a gorgeous two-tiered deck make this the perfect home to enjoy the summer. Amazing eat-in kitchen with oak cupboards and built-in stainless steel appliances opens up to the livingroom with a gas fireplace. The seperate formal diningroom tops this home off as a great place to entertain.

This home is available to move in within 60 days with a low down payment and easy monthly payments.

Stunning Open-Concept by Kitchener Rent to Own Homes

2009-06-21T18:12:00.003-04:00

4 bedroom 3 bath home with double garage and extra wide drive. Take a refreshing dip in your kidney-shaped inground pool or BBQ with friends on the 20 x 25 deck. Master features a luxurious ensuite plus the kids have their own full bath too. Brand new carpeting throughout the upper level and newer hardwood/ceramic on the main floor. This home has also been freshly painted throughout in warm neutral colours. New black satin finish appliances and slate tile counters gorgeously contrast the light maple cupboards.

Move in within 30 days and get your first month payment-free!

3 Bedroom Starter by Kitchener Rent to Own Homes

2009-06-21T18:02:00.003-04:00

Amazing 130' deep lot great for the kids and pets! This 3 bedroom 1.5 bath home with single car garage is located right down the street from both Public and Private schools. Freshly painted throughout in neutral colors, new carpet in the hallways and livingroom, and new ceramic tile in the kitchen and main floor bathroom. Nothing to do to this lovely home but to move in and enjoy.

Available Immediately as a Rent to Own with a Small Down Payment.