Kwizi Rent
At Kwizi Realty we believe everybody should be entitled to a place to be called home. For this reason we started a program called Kwizi Rent. This program allows buyers to live in a house of their dream, but delay the purchase for several years. See below how it works.
How It Works
Application
Application
Application
The applicants fill out the form with their status and financial information. Additionally, the background check is conducted to reveal credit, rental and criminal history. If everything is clear, the maximum allowed price of a single-family home is established and discussed. The applicants pay a downpayment (typically 2.5-5% of a purchase price) and move-on to the next step.
Rent
Application
Application
According to the established search criteria, Kwizi Rent helps the applicants with their path to find the dream home, which is consequently purchased by the company and rented back to the applicants. At this moment the applicants become the tenants. As a courtesy, the applicants receive financial advice from a mortgage officer to assure their successful path to home ownership.
Purchase
Application
Purchase
After holding period expires (typically 2-3 years), the tenants obtain a mortgage loan and purchase the property back from Kwizi Rent. The purchase price will be reduced by the amount of downpayment and partial monthly contributions throughout the years of tenancy. In most scenarios this will put the purchase price below the market price making the appraisal of a house much easier.