![]() ![]() #Divvy homes in my area how to“At no point in our lives are we taught how to buy a home or what do we need to buy a home,” Verrillo said. Verrillo said Divvy’s pre-approval process helps ensure the client isn’t being “set up to fail,” by moving into a home they definitely can’t afford. “When you have the neutral, third-party housing counselor that’s here, we’re working with, setting up goals, helping them spend the money, save the money and just create a budget that’s going to make this process work for them,” Verrillo said. Senior Housing Partnerships Manager for Navicore Solutions Richard Verrillo said the partnership helps set Divvy apart from other rent-to-own programs that aren’t as careful about who they accept. ![]() ![]() That support is made possible through Divvy’s partnership with Navicore Solutions, a national organization focused on housing counseling, credit counseling and financial education. “I sincerely got the feeling that Divvy’s doing this to help people, not just make a quick buck,” Ford said.Īdditionally, though he hasn’t made use of the resources himself, Ford said he appreciates the opportunities Divvy provides for clients to receive credit counseling and other assistance. “Nobody wants to get into a contract that at the end, it makes no sense for either party, or it's not enforceable.”įor his part, Ford said he trusts Divvy and has had a fantastic experience working with the company so far. “Research, research, research,” Bright said. “From what I’ve seen here, is not something used often at all,” Bright said.īright, who owns Best Orlando Property Management, characterized rent-to-own programs as a “wild, wild west thing.” He warned tenants and property owners alike to read the fine print thoroughly before signing onto any rent-to-own agreement. Local property manager Chris Bright said rent-to-own programs aren’t very common locally, and that he hasn’t yet seen a company similar to Divvy in Orlando. Which actually works really, really well for us.” “The way that Divvy has structured their program, that savings is kind of bundled into your monthly payments. “With five kids, it can be difficult at times to save up for a new home,” Ford said. A calculator on the site allows users to estimate how much their total monthly payments would be, based on the home value and the percentage of savings they’d like to set aside. “We have historically just rented homes, and I feel like every single home that we rent, the experience gets a little bit worse and worse.”įord said Divvy’s flexible savings structure appealed to him. “We’re first-time homeowners,” Ford said. His family moved into their five-bedroom Divvy home in December. Tampa resident Kane Ford was one of those applicants. Hefets said the company has also seen success in the neighboring Tampa market, where Divvy receives around 1,500 applications a month. Orlando’s strong population growth trends were part of what attracted Divvy to this market.
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