One of the great benefits of our rent-to-own program is the flexibility it offers. You have the option to purchase the home at any time after four years and before seven years.
We'll keep you up to date about how much deposit you've accumulated, so you'll know how much you can put towards your purchase.
When you're ready to exercise your option to purchase, please let us know at least a couple of months in advance. This will give us enough time to get the ball rolling and ensure a smooth transition from renting to owning.
It's important to refer to your contracts for the exact details of how to exercise your purchase option. Our team will also be available to answer any questions you may have and guide you through the process. When the time comes, we can provide you with some helpful data about your home and suburb valuation to give you an idea of the current market value of your property.
This can be useful when communicating with your lender and calculating your deposit amount. Just like buying a home the regular way, you will probably need a mortgage. After notifying us, this should be the first step in the process of purchasing your home.
At PublicSquare, we're committed to helping you achieve your dream of homeownership. If you have any questions about the purchase process or anything else related to our rent-to-own program, please don't hesitate to ask.