Why A Percentage Ownership Home?
There are a lot of benefits of a percentage ownership agreement on your next Calgary home!
In the Alberta area, lots of smart people are using our percentage ownership as a way to get the home of their dreams without having to qualify for a bank loan right away.
In the past few years, banks have been very tight on their lending criteria. Most people who use a percentage ownership agreement want a few years to get ready to qualify.
Here are a few more reasons why percentage ownership in Alberta works :
- Try before you buy! You get to live in your property before you actually purchase it, allowing you to make sure it’s actually your dream home. If you don’t like the house, you don’t have to complete the purchase.
- Own without great credit (average credit is fine!) or a big down payment. You can start feeling like a homeowner right away while saving up by gaining home equity and improving your credit.
- Privacy. You’re not listed as the purchaser on any public records until the closing takes place, giving you years of privacy.
- Profit from home appreciation right away. Often, homes in Alberta are worth more on the day of the purchase than the price that you’re paying! This can be huge money.
- Move in fast. Since you don’t have to wait for a mortgage, you can often move in right away – and get started living a new life in the home of your dreams!
So don’t wait!