You can initiate the buyback at any time during your three-year term — there is no minimum rental period. Here's how it works:
- Contact Requity to indicate you're ready to buy back the home.
- Secure a mortgage through a bank or lender. Your Requity coach can help you prepare your application.
- The buyback price is your locked-in price (original purchase price plus 5% per year for each year elapsed).
- Your accumulated savings (initial deposit plus monthly savings) are applied toward your down payment.
If you don't have sufficient mortgage financing, you also have the option to purchase with cash.