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Whatever you do, don’t call it a rent-to-own plan! Belgravia prefers to call 565 Quincy’s new offer an installment sale or simply a “better-than-rent-to-own” program. The difference, says project manager Jonathan McCulloch, is that buyers are signing purchase agreements and making installment payments instead of entering into leases with options to buy.
Jon also passed along a comparison of sale prices and rental rates for 565 Quincy’s lofts and condos. About half of a buyer’s rent will go toward an eventual down-payment.
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I think these guys just had some large price drops….30% on some units…they’re finally joining the club of other developments in the are with large price drops
We met with them yesterday and will be posting the details soon. I’ll also be doing a video visit later today.