What is the proper way to set up a rent to own

JPAQ

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Registered
Sep 4, 2007
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St Albert AB
#1
Greetings,



I just purchased a new house for my family. I would like to do a rent to own on my existing house in St Albert. I am wondering how a person puts one of these deals together so it is a win-win situation for all the parties involved. If there is anyone out there who has successfully done a couple of these deals I would like to talk to you on the phone or if you do happen to be around the St Albert or Edmonton area I would like to take you out for lunch or dinner so I can pick your brain. These are a couple of questions that I am looking to get answered.



  • How long should one of these contracts last for?
  • What are homes expected to appreciate by in the next 4 to 5 years? Does a 2 to 3 percent appreciation per year sound good?
  • What kind of down payment percentage wise should I be asking for?What is the best way to market a rent to own to a potential client?How do you go about screening the potential client?

Thanks for your help
,



Jason Paquette

780 953 6794