How your rent can buy your home
What if we told you that your monthly rental installments could be used to help you buy the home you’re already living in?
Rent2buy, the brainchild of lawyer Meyer de Waal, is a relatively new product (based on an old concept) that allows tenants to buy the homes they’re currently living in by allocating a portion of their monthly rental to a deposit.
Whether you want to sell your residential property or buy a new real estate investment, a house or an apartment, your Property Angel is here to help you find your solar home.
Property Angels – Success Together
The model can also be applied to any other home they may have their eyes on.
Did you know you only have to upload your bond application documents once?
Each transaction is unique, where the current homeowner enters into a contract with the tenant to buy the home after a certain number of months.
We work out the Rent2buy term, based on a thorough analysis of the credit rating and affordability of the client, and the prospects to repair and improve the negative items on his/her credit rating and affordability, says de Waal.
Noting that if at the end of the term the tenant is still declined a loan from the bank the Rent2buy term can be extended.
This is done if we can identify it is a minor problem that can be solved.
Now you can sell your home privately and save on agents’ commission.
But if the purchaser did not repair his bad credit score or improve affordability, the seller retains all monies paid as ordinary rental received.
Author: Meyer De Waal
Property Angels is an online property portal that promotes residential property for sale across South Africa. You can buy, sell, list and find South African properties online. Find houses for sale in Johannesburg, Cape Town and Durban which are the three biggest cities in South Africa.
At Property Angels we will help you sell or buy your next house or home so that you can move on quickly and affordably.
Traditional Estate Agents do offer good service but you want so much more when it comes to selling or buying your next home.
Some of the top property companies online in South Africa include Private Property, Property 24, My Property, Property Fox, PropertyCoZa, Remax, Pam Golding, LeadHome, SA Hometraders, Gumtree and Property Angels.
Whilst most online property brands offer online visibility for Estate Agents South Africa, Property Angels offers online visibility for Attorney Realtor Agents South Africa.
Whether you have a property for sale or you are seeking a house to buy in the southern suburbs, Northern Suburbs, Eastern suburbs or Western suburbs, choose Property Angels as your attorney realtor property website in South Africa. Sell your property online through Property Angels.
Your dedicated Attorney Realtor will call you back today or the next business day.
Whether South Africa is in a buyer’s market or in a seller’s market, contact Property Angels today for quick and efficient online and face to face service.
List your house for sale with Property Angels. You can also find property to view, property selling tips and many other useful property and finance blog articles and property products bespoke to your needs. Buy and sell your private residential property through Property Angels. Allow Property Angels to become your chosen property website portal for your choice of homes to sell and homes to buy.