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What happens if a client decides not to purchase the home at the end of the term?
What happens if a client decides not to purchase the home at the end of the term?
Client FAQs

What happens if a client decides not to purchase the home at the end of the term?

Clients can choose to walk away from the home. There is a penalty fee (5% of the original home price), and any remaining down payment savings after the penalty will be refunded.

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How does Requity Homes help clients improve their credit scores during the rent-to-own period?
Can clients make improvements or renovations to the home during the rent-to-own period?
What happens if a client wants to buy the home before the end of the agreed-upon term?
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How is the buyback price determined at the end of the term?
How are property taxes and insurance handled during the rent-to-own period?
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How long is the typical term with Requity Homes?
What exactly is Requity Homes’ rent-to-own program, and how does it differ from traditional rent-to-own models?
Related Questions
Who is the ideal client for Requity Homes' program?
What are the eligibility criteria for clients participating in Requity Homes' program?
What happens if a client wants to buy the home before the end of the agreed-upon term?
Can clients make improvements or renovations to the home during the rent-to-own period?
How does Requity Homes help clients improve their credit scores during the rent-to-own period?
How does Requity Homes support clients in transitioning into a mortgage during the rent-to-own period?
My client's credit isn't strong enough — can they still qualify?
What kinds of homes are eligible for the program?
How do the client's savings work over the term?
What is the general policy regarding repairs, maintenance, and property improvements while tenants occupy the home?
Will clients have any issues securing a traditional mortgage at buyback?

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