We Buy

Homes

Terms

on

Cash

across Canada

Terms

We buy houses with either:

All Cash and a Quick Closing,

at a reduced price from market value

Full Price,

on Terms

We are not agents, we are investors that work with homeowners that have tried unsuccessfully to sell their house the traditional way either as a “for sale by owner” or through listing with a Realtor, or simply want to explore other options. We work with homeowners that are looking for an alternative solution to situations such as:

Debt relief needed
Vacant house
Downsizing
Repairs needed
Relocating
Back taxes owing
Estate sale
Divorce
Tenant issues

A sale on Terms or with Cash can provide homeowners with benefits such as:

Receive full price for your house.
Receive up to market rent and potential monthly cash flow.
Defer, reduce, or possibly eliminate mortgage payout penalties.
Receive a defined exit strategy with your house.
Move forward with other plans and piece of mind.
Free from any fees or Realtor commissions.
Free from monthly payments.
Free from maintenance & repairs.
Free from cleaning and staging.
Free from open houses.
Free from having to manage tenants or property managers successfully.
Free from the landlord game.

3 Solutions

>>>

Cash or Terms

We can offer 3 different solutions to try and get your house sold quickly with either Cash or Terms.

Solution #1 - Terms Assignent

#1: Terms Assignment

With a terms assignment what we do is put terms down in a non-exclusive agreement with homeowners, and then we take the terms to the market to find a buyer for us to assign the terms to, with homeowner approval. Non-exclusive, meaning the agreement may be cancelled at no cost any time before we find a buyer. And there are a lot of nice families out there with good jobs that need just a little time to qualify for a mortgage.

We try to bring in a buyer that has a down payment to pay the homeowner full price with an extended closing of 1 or 2 years. The buyer would move in and take over the maintenance & repairs and make monthly payments to the homeowner for the same amount as market rent before closing on the sale of the house. And with a delayed closing, the homeowner’s mortgage would continue to be paid down over the 1 or 2 years, typically netting the homeowner more at closing than if their house was sold today.

Houses Valued Over $1,500,000:

With houses valued over $1,500,000, we normally try to find a buyer with a 10% non-refundable down payment. Our compensation would amount to 1% from the down payment, the rest of the down payment would be paid to the homeowner, and we would raise the price by our portion so that it doesn’t cost the homeowner.

Houses Valued Under $1,500,000:

With houses valued under$1,500,000, we normally try to find a buyer with a 5% non-refundable down payment. We would split the down payment in half with the homeowner, and we would raise the price by our portion of the down payment so that it doesn’t cost the homeowner.

Also, buyers in this price range do like to have some of their monthly payments working for them, so we would set up monthly credits to get the buyer the rest of their down payment at closing. And again, we would raise the price by the total monthly credits so that it doesn’t cost the homeowner.

With the solution of a terms assignment, homeowners can potentially get full price, down payment funds in pocket, market rent, and a reduced mortgage balance at closing. This is a preferred solution for many homeowners.

Please contact us if you think this might be a solution for you.

Solution #2: All Cash Quick Closing

#2: Sale on Terms

With a direct sale on terms, we look to buy houses at full price / market value by taking over the homeowner’s payments and all of the responsibility of the house for 3-5 years before closing on the sale of the house, with a deposit of $100 to validate the agreement.

For 3-5 years we would leave the homeowner’s mortgage in place, we would take possession and take over the homeowner's mortgage and all of the payments on the house, we would handle all of the maintenance & repairs and all of the responsibility for the house, and the homeowner would receive a cheque for their current equity at the closing in 3-5 years.

Since we would be taking over all of the responsibility for the house starting on the possession date, the purchase price would decrease by the amount of the reduction in the balance of the homeowner’s mortgage over the 3-5 year term period.

The solution of a sale to Homes on Terms provides homeowners with piece of mind knowing that their house and monthly payments are being taken care of while the homeowner waits comfortably to receive all of their current equity at the future closing.

Please contact us if you think this might be a solution for you.

#3: All Cash

Solution #3: Sale on Terms

We specialize in terms but some homeowners need to sell there house now for cash. In these instances what we try to do is bring in a partner that buys houses in as-is condition, with cash, without the standard contingencies, and could close anytime the homeowner needs.

We can’t offer full market value with this solution, but to ensure homeowners that their house has been sold, we can offer a closing in cash, in as-is condition, and at any time the homeowner needs. So it would be a trade-off of some equity for the convenience of a firm sale to close on a date of the homeowner’s choice.

Please contact us if you think this might be a solution for you.

Testimonials

After hiring and firing three different property managers, I had enough and was ready to sell using the option that Nick presented to me with, which just made sense. I don't have to worry anymore if my property is being taken care of.

Zora B. - Barrie

Having an empty house left us feeling discouraged. Nick helped us and took the time to make us feel at ease. After making sure his program was a good fit for us, we got the ball rolling very quickly. The process was such a huge help to us, and surprisingly easy.

Balram J. - Brampton

It was a great experience working with Nick on our house. Nick walked us through the whole process and was very professional. Nick helped us out during a rough time in our lives and we very much appreciate it. Thanks again.

Jim K. - Hamilton

At first, I was skeptical of selling on rent-to-own however, Nick and I had some back and forth and he described the process and made me feel very comfortable with the whole thing. I was happy with Nick’s openness and patience. Overall, I was happy with the process and would definitely recommend it.

Adam D. - Kitchener

I contacted Homes on Terms to buy my house as I needed to move out of the London area and I needed to sell quickly. Nick provided me with quick solution to take over the payments on my house with a little cashflow each month. Nick had the knowledge about all the aspects on the sale of my home. Nick was able to take over everything and left me with no worries.

Henry B. - London

I had previously listed and sold my duplex with a “top 1%” realtor in my city. His face was, and still is on the city buses, so I thought he was one of the best and would sell my house with no problem. As it turns out, he misrepresented the facts to buyers on more than one issue. When I had to sell another property of mine I contacted Homes on Terms and Nick actually listened to what I had to say and the questions I asked, and actually performed as he said he would. He had honesty, was ethical and competent. Nick never led me astray, which I have really come to value. I will be doing business again with Nick for sure!

Kumar G. - Markham

I had contacted Nick and he showed me how I would actually make more money not paying out my mortgage when I was going to. He put together a plan that has worked very well. I’m impressed!

Ming J. - Oshawa

After many bad renters I decided I didn’t want renters in my house anymore. I noticed a sign about selling on terms and Nick thankfully explained his terms idea and now my mortgage payments, city taxes and insurance costs as well as all the maintenance on the property are covered. I’m even making the cashflow every month on top of the deposit I received upfront. The process was simple and easy. I'm very pleased with how things turned out. I would gladly do business with Nick again.

William M. - Toronto

About

After 20 years of investing in the real estate industry, Homes on Terms was created to help homeowners with non-traditional solutions to get their house sold quickly. We work with homeowners that need a quick alternative solution to sell their house, that want to put their house on autopilot to be free from monthly payments, free from maintenance & repairs, and free from stress and sleepless nights. We work to possibly net homeowners more money from the sale of their house on terms than through selling the traditional way through a real estate agent.

If you need to sell your house and you can wait a little while to get all of your equity, or you can trade some equity for the convenience of a quick closing with cash, then please contact Homes on Terms today to discuss the possibility of selling your home on terms, or with cash.