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.

76 thoughts on “The Rent to Own Question in T&T…

      1. Debbie

        Hi Merlinda,

        We are not aware of any rent-to-own properties that may be available, but we encourage you to contact lending and mortgage institutions like the TTMF to speak with an agent about what options you may have that are within your budget.

        All the best with your property search!

        Best wishes,
        Real Spaces Team

    1. Basil Post author

      Hello Gary, We are happy to assist in getting you the information you need.

      Your email will be forwarded to one of our FCB Mortgage Officers to offer you some guidance on how to begin the process, from “Saving for a Deposit” to “Closing on a Purchase”

      The Real Spaces Team.

  1. candi

    I would really like if an agent who can help me in aquire information to purchasing a home can contact me
    please

  2. neesha ramnath

    i will like to rent to own. Areas such as Arima to Tunapuna. please am very much intrested .

    1. Paul

      Hello Neesha,
      I own a house in Carapo. 44 Carapo Road and is interested in selling it. Take a drive by and if interested, we can work something.
      The property has three extra large bedrooms upstairs with extra large living room and an eat-in kitchen and two patios, one in front and the same size in the back for enjoyment.
      I can be reached by email ay paul@psfinancial.ca or by phone 14162912882 or 16479862116.

      Thank you

  3. nicole

    Do we here in trindad really consider the rent to own options.because if so it will be a great opprtunity for me to own my own home

    1. Marsha Ali

      Please help me I’m interested in the rent to own homes in the west area. Thanks in advance for ur concidered help.

    1. Paul

      Hello Marsha, I have a house in Carapo, Arima and could assist but need to have some more info as to how much can you afford monthly and how much security D/P you have.

      Thank you,

  4. nikisha

    GD NIGHT I’ve started saving towards owning my new home but how do I knw when I hv enough for a downpayment n how much I’m qualified for plz assist

  5. Kim Alexander

    Good Day

    I am interested in any rent to own properties in the Chaguanas area. Can you assist.

    Thanks

  6. Kathy-Ann Phillip

    Hi good day, am trying to get information on house ownership through the rent to own process, can you assist, would be greatly appreciated….Thanks

  7. Merlinda George

    Hi good night I am interested in rent to own houses.How do I go about owning my home.

  8. Merlinda George

    Hi good night I am interested in rent to own houses.How do I go about owning my home.The areas of properties I am interested in Barataria to San Juan and how do I know when I have enough for a down payment.I will be appreciated for your kind cooperation thank you.

  9. Angel

    Hi,

    I’m interested in owning my own home but i have no idea where and how to start. Any assistance and/or guidance will be greatly appreciated.

    Much Thnx

  10. Deidra

    Sometimes the fact is that older persons know that if they wait till they have saved enough for a downpayment, what they qualify for would be too small. Rent to own is a better option in those cases.

  11. Sonia

    Hi I am a single mom of two and I am inquiring about a rent to own facility for myself and children. I know it’s the hardest thing to acquire but I am I in desperate need of assistance can anyone guide me I the right direction.

  12. Truds

    Good Afternoon,
    I presently pay $3000 per month on rent and I believe the money would be better spent on a mortgage. Most houses are over a million and it’s less than likely the average person would have $200,000 for a deposit… I am interested in rent to own homes, could you please give me some info on how to go about it. Looking forward to your response, many thanks in advance.

  13. Mel

    I myself believe that rent monies can be put towards a home to own . Interested , please provide more details

  14. Maria Alleyne

    Hi.
    I’m just starting out on my goals in life and a house is one of them. Can you hèlp me?

  15. Naomi

    Pls Pls I am in urgebt need for a home. Would like to rent to own ASAP. Can you assist me pls

  16. L. Phillip

    H,

    I am a working, young lady. I am interested in getting more information about the possibility of getting a rent-to-own deal or just general advice about future homeownership.

    Regards

  17. Deepa Prakash

    We will be in Trinidad from mid November 2015. We need a 2/3 bed room house for rent initially & preference would be sea facing.

    Afterwards, we look for purchase of house. How you could assist us in the whole process – rented furnished house & then loan for purchase of house.

    Deepa Prakash

  18. Joshua

    I am interested in getting information about the possibility of obtaining a rent-to-own deal or advice regarding homeownership.

    Thanks

  19. Candace

    I am interested in a rent to own home as well. I am currently renting but would like to settle into my own home but all avenues to doing so have failed. I have a down-payment and hopefully the monthly fee would not be much more than my current rent fee. Is there anyone that could assist?

  20. Carmonise Charles

    HI,
    i am looking for a rent to own home between $1500 & $2500 per month in west trinidad, prefarably Carenage but not limited to.
    please cantact me via email if you can be of any assistance.
    thanks

  21. Anika Alexander

    Hello, I am interested in a Rent-to-Own Home as our family will be expanding soon. Can you assist me?

  22. Amanda Rae

    Good night everyone, I’m interested in a 2 or 3 bedroom house (Rent to Own) in Cunupia / St Helena / Las Lomas area. Any info will be greatly appreciated .

  23. Fahmeeda

    Hi, I am interested in the rent to buy aspects..
    Can you assist me with this process? Would like to start this before year’s end.

  24. Jay jack

    I am interested in the rent to own option of home purchase .. can u tell me how to go about having this done please

  25. Jay jack

    I am interested in the rent to own option of home purchase .. can u tell me how to go about having this done please.

  26. Lyn

    Hi, I am interested in rent to own in either the Chaguanas, Cunupia or Caroni areas
    Please respond. Thank you.

  27. Shevona

    I am interested in any rent to own properties in the Chaguanas area. Can you assist.m interested in any rent to own properties in the Chaguanas area. Can you assist.my number is 7407019

  28. Shea

    Hi I’m intrested in a rent to own house in the San Fernando,Princess Town area.What is the required down payment and the amount to be paid on a monthly basis.Thanks

  29. lisa

    hi am interested in rent to own in the san juan area please can you help me …. what are the requirement an procedures

  30. lisa

    hi am interested in rent to own in the san juan or barataria area please can you help me …. what are the requirement an procedures

    1. Debbie

      Hi Kafie,

      We are not aware of any rent-to-own properties that may be available, but we encourage you to contact lending and mortgage institutions like the TTMF to speak with an agent about what options you may have that are within your budget.

      All the best with your property search!

      Best wishes,
      Real Spaces Team

  31. Shirleanne Monsegue

    Hi
    Need the guidelines of how to be qualified for a rent to own home step by step .i dreamt of being in the comfort of my own for the sake of my daughter and if rent to own is the way I will have my home is better than just renting…. and not owning

    Pleas help us
    Shirleanne

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