Daily Archives: September 12, 2013

The Rent to Own Question in T&T…

Recently, I have been receiving more and more queries on the “Rent to Own” question in Trinidad and Tobago. This is a popular option in other markets and has become well publicized via life style shows and other HGTV type productions. In Trinidad and Tobago tho, I have not been informed of many , if any of these on the market.

There are options being explored by homeowners to increase the appeal of their properties. Owners are often interested in a “rent or sale”, of properties in an effort to get it off the market and into either an earning or “Income Property” category, or dispose of the asset altogether. My only assumption would be that these properties are mortgaged and are incurring a monthly cost that has to either be maintained by a rental income, or paid off altogether with a sale. Profit included of course…

However, as more and more calls and emails come in for this particular approach to homeownership, the conclusion seems to be that persons that are currently renting, are interested in owning one day, but may not have the savings for a deposit. It’s why we added a mortgage component to our service from the very beginning of this website and television series. Our research showed that there was a demand for information as much as there was a demand for homes and in our conversations with the participating agencies, we learned that quite a number of showings are done with well intentioned browsers, that haven’t actually sat down with a mortgage officer to explore the options for going from renting to owning, utilizing efficient savings and investment options.

So, we continue to encourage the visitors to our site to utilize the function of emailing agents about properties that we feature, as this will put them in touch with mortgage officers of a leading financial institution to assist in this area.

Options for savings toward a short, medium or long term goal maybe info that these potential homeowners may not have considered. So, to find out more, we will be asking each of these emailers and callers to consider submitting their information to be guided in this area by the financial experts.

Approaching the end of our Fifth Season

Hopefully you have noticed that we have been broadcasting on TV6 for the past few months, although we have had a few pre-emptions due to live cricket, the season has attracted a number of new viewers, visitors to our site and we also added a new agency( Shout out to NEALCO Real Estate).

Now, with just a few episodes left, we are approaching the end of another successful season. The new listings agents, viewers and website visitors have all been a great sign that our brand and service is continuing to grow in appeal and reach.

Although the series will be between seasons, we will be continuing to visit properties across T&T and film videos for our website, so if you enjoy seeing the homes on the market, there will be many more coming soon to keep you updated between seasons.

There are plans in the works for a new season, that may be going to air soon, but lips are sealed on the details. Until then, feel free to contact us to have your property, or that of someone you know…., to be added to the upcoming series and website…. and thanks for watching or visiting.