220 Deschner Close
Red Deer, Alberta T4R3C2
3 beds• 3 baths• 1,297 sqft
Description
Great family home in a desirable location. 3 bedrooms nestled on the upper level with a full 4pc bathroom. Main floor is bright with large windows in the spacious living room and dining area. Back entry is home to the main floor laundry, and out the door you will arrive onto your oversize deck to a peaceful backyard. Lower level has been finished for you to customize it to your needs. There is extra off street parking in the rear yard off the alley access. Close to schools, shopping, transit, and our extensive trail system. (id:39198)
Facts & Features
● Building Type
House
● Year built
2001
● Square Footage
1,297 sqft
● Stories
2
● Bedrooms
3
● Bathrooms
3
● Parking
3
● Neighbourhood
Devonshire
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
9 days
Brokerage Name: Royal LePage Network Realty Corp.
Home price
$399,900
Initial Deposit
I want to start the program with
an initial down payment of
Minimum 2% of the home price or $5,000 whichever is higher
The higher the initial deposit, the lower the monthly payments
Your Monthly Payment
$3,630/month
The payment includes
Rent
$3,126
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$504
Each month, $504 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.
Buyback
Here is the final price if I buy the house after:
Buyback Price
$462,934
Cumulative Down Payment
$23,147
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,147
Buyback Price
$419,895
Cumulative Down Payment
$11,049
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$6,049
Buyback Price
$440,890
Cumulative Down Payment
$17,098
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$12,098
Buyback Price
$462,934
Cumulative Down Payment
$23,147
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$18,147
There is no minimum rental terms. You can buy back the home anytime throughout the 3-year standard rent-to-own term!
Rent-to-Own This Home for
$3,630/month
This home is listed on realtor.ca. Requity Homes doesn‘t own it—yet. But if it fits your budget and meets our criteria, we can buy it for you through our rent-to-own program.
You move in with as little as 2% down. Part of your monthly payment builds your future down payment. You can buy back the home anytime throughout the 3-year standard rent-to-own term!
No Hidden Fees, No Hidden Costs - Requity pays legal fees, title insurance and land transfer tax when Requity buys the home upfront. Client pays for inspection.
Client initial deposit is applied directly to the down payment when clients are ready to buy the home.
Few ways to reduce your monthly payments
• Look at homes with a lower price
• Put down a higher initial down payment
• Sublet the rooms for extra income
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