We secured Rent2buy units to buy in 5 developments located in Cape Town, Tokai, Somerset West, Ottery and Wynberg as well as 2 types of units in Bredasdorp.
OPENING THE DOOR FOR BUYERS
We realized we need to assist buyers to get their foot on the property ladder.
Facilitating a sale transaction through the Rent2buy concept, once pre-approved & paid the standard rental deposit, a buyer can move into the apartment selected, pay rent and then have a choice of 2 rent2buy structures, how to purchase and own the apartment.
DEPOSIT BUILDER & PRICE FREEZE
The buyer pays rental that is similar to a home loan repayment.
This structure assists the buyer all along the way:
Working with Meyer de Waal, a conveyancing attorney of MDW INC, who fine-tuned and developed the Rent2buy concept since 2007, buyers now have the unique opportunity to get their foot in the door to secure their own property through this concept.
“In 2007 the property industry went through a turmoil when the National Credit Act was implemented, and financial institutions “closed down the taps” to approve home loans.
In 2007 we started the Rent2buy concept.
In 2023 we experience a similar situation with consumers still bearing scars from Covid 19, ever increasing interest rates, load shedding and the day-to-day cost of living.
FOMO – THE FEAR OF MISSING OUT
With the Western Cape being the best place to invest in, and property prices forever escalating, many tenants fear that they will be trapped in renting forever and paying off the bond of their landlord and never be able to get their foot on the property ladder” says De Waal.
There are two Rent2buy opportunities available:
These are the Rent2buy units that are available:
In the Mill Park Development in Bredasdorp, 18 buyers out of 29 houses sold made use of the Rent2buy concept.
22 Houses are already handed over and the next phase of construction will soon commence.
For enquiries, contact