73 Northey Avenue
Red Deer, Alberta T4P2A3
3 beds• 2 baths• 974 sqft
Description
Court ordered sale. (id:39198)
Facts & Features
● Building Type
Duplex
● Year built
1978
● Square Footage
974 sqft
● Stories
1
● Bedrooms
3
● Bathrooms
2
● Parking
2
● Neighbourhood
Normandeau
● Land size
--
● Heating type
Forced air, Natural gas
● Basement type
Unfinished, Full
● Parking Type
--
● Time on REALTOR.ca
19 days
Brokerage Name: Royal LePage Network Realty Corp.
Home price
$245,000
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
$2,305/month
The payment includes
Rent
$2,050
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$255
Each month, $255 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
$283,618
Cumulative Down Payment
$14,181
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$9,181
Buyback Price
$257,250
Cumulative Down Payment
$8,060
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$3,060
Buyback Price
$270,113
Cumulative Down Payment
$11,121
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$6,121
Buyback Price
$283,618
Cumulative Down Payment
$14,181
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$9,181
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
$2,305/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
Recently Listed Homes in Red Deer, AB
Canada’s #1 Rent-to-Own —
Changing The Rules of The Game
A smarter, safer path to homeownership — explained.
Show more FAQsWhat kind of homes do you have?
Is there a down payment required for rent-to-own?
How does the Pricing work?
How does rent-to-own work?
what are the requirements for rent-to-own?
What is the interest rate?
Have Questions About Rent-to-Own? Let's Talk.
Speak to our team about your eligibility, monthly payments, and
next steps toward homeownership.