Dear All,
You may be renting the home you want to stay in.
The location may be ideal.
Close to work. Close to school. Close to family. Close to the places that make your daily schedule work. You have settled into the neighbourhood, the routine and the home.
Then something changes:
The property investor who owns your home decides it may be time to sell.
And as a tenant, you may be the last to know.
Suddenly, your world can be turned upside down.
You may need to start looking for another property. And in today’s property market, there is no guarantee that the next property will offer the same combination of location, affordability and convenience.
But what if you took the lead?
Rather than waiting to find out what your landlord intends to do, why not ask the question?
Ask your property manager whether the landlord may be open to selling the property, at a fair market price.
It may be a conversation worth having. The landlord may already be considering selling. You may already know the property better than any other prospective buyer. And rather than competing with other buyers once the property reaches the open market, you may have an opportunity to explore whether a sale could work directly between you and the owner.
You Could Pivot from Renting to Ownership, tomorrow
For many tenants, the challenge isn’t necessarily finding a property they want to buy. They may already be living in it.
The challenge can be finding the deposit and structuring the purchase. This is where a different way of thinking about the deposit may create an opportunity.
AffordAssist provides an interest-free deferred deposit solution that can allow an eligible buyer to defer part of the deposit and pay it over time.
AffordAssist: Built Around Buyers
The result isn’t just about buying sooner. It’s about borrowing smarter, giving buyers and investors another option to consider.
One of the most powerful aspects of the AffordAssist structure is what it removes:
- No established savings history required
- No rental history required
- No guarantor needed
- No reliance on the “Bank of Mum and Dad”
- No need for shared-equity arrangements
- No need for SMSF-based property strategies
- No need to take on unsustainably high LVR structures
- No need to wait years to build a traditional deposit
No Need to Wait
“If you are actively saving, disciplined, and committed, AffordAssist’s interest-free deferred deposit solution, with as little as $1,000, can support you today.”
A New Safer, System and Structure
AffordAssist’s industry-leading governance process considers three interconnected aspects of a home loan structure, each essential to building long-term financial resilience and generational wealth:
- Access — A flexible deposit solution, buy with as little as $1,000 (read related article)
- Borrow Less — Borrow smarter, save interest, and build equity faster (read related article)
- Safety — The ability to exit (read related article)
Home loans paired with AffordAssist can help committed applicants.
Read related articles:
- When Housing Affordability Becomes a Social Enterprise Outcome
- Friction Can Lead to Extraordinary Wealth Outcomes
What might be in it for the landlord?
Your property manager is already the connection between you and the property owner. The landlord already knows you. They may already know your rental payment history, how you have looked after the property and your reliability as a tenant. A direct sale to an existing tenant may also provide the landlord with an alternative to putting the property on the open market, potentially reducing the need for photography, advertising, open homes, auctions and other selling costs. There may be less disruption, greater certainty and a buyer already familiar with the property.
And perhaps there is another consideration.
They may want to pay it forward.
A landlord who has an opportunity to help their long-term tenant become a homeowner may see value in participating.
Of course, not every landlord will want to sell, and not every tenant will qualify to purchase. But there is little harm in asking the question.
Why not take the lead?
Ask.
You may discover that the landlord is open to a sale.
And if they are, you may already be standing inside the home you want to own. Apply, Call us or book your call here.
Regards
AA
B2B – AffordAssist facilitates and oversees the governance process. Are you a mortgage broker, lender, developer, real estate agent, affordable housing advocate, a community leader or housing minister? Pair your services with AffordAssist. Join us in our mission to expand access to home ownership. Together, we can make a lasting impact. Schedule a B2B phone or video call (around 15 minutes).
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