Road To Ownership

Overview

The Builders Center of Chicago (BCC) created the Road to Ownership Program to help struggling real estate developers sell their property.

The BCC Road to Ownership Program works by finding renters who contract to purchase your property in a set period of time. These renters would like to buy immediately, but they have bad credit and/or can’t afford a down payment.

The BCC Road to Ownership Program widens the pool of prospective buyers, increases opportunities for sales, and offers a quick influx of money. Under the Road to Ownership contract, a portion of monthly rent goes towards equity on the eventual down payment. Meanwhile, a BCC expert financial advisor works with the renter to improve their credit rating. The down payment and better credit score enable the renter to secure a mortgage and buy your house or condo.

Benefits of the BCC Road to Ownership Program

You receive a number of benefits by enrolling in the BCC Road to Ownership Program:

• Sell your property through a tried and tested system
• Access to a comprehensive database of Road to Ownership prospects
• Free advertisement through the BCC website, Press Releases, Flyers and Seminars
• Property management assistance
• Work with a listing broker who specializes in Road to Ownership Programs
• Work with financing experts with access to Road to Ownership lenders.
• Access to BCC designers who expertise in decorating and staging model units
• Access to GC finishes at reduced prices
• Access to unique finishes from the BCC showroom at reduced prices

Land v.s. Lease

Many People confuse between lease to purchase option and land contract (contract of deed). Click here to see our Land versus Lease guide.

For more in depth analysis of your personal situation contact us today.

How the Road to Ownership Program Works

John wanted to sell his condo. However, the economy was bad and he thought it would be impossible to find a buyer at his price. Luckily, John heard about the BCC Road to Ownership Program.

After contacting BCC and enrolling in the Road to Ownership Program, BCC found John a renter who was willing to buy the condo in 12 months at John’s price. John and the renter agreed that 1/3 of the monthly rent would go towards equity. BCC took care of finding the rent to owner, the property management and all of the paperwork. After 12 months of building equity, the renter secured a loan and purchased John’s condo.