Ownify

UP NOW on ImpactAlpha: Ownify seeks to pave a fractional pathway to home ownership, brick by shared-equity brick. First-time home buyers in Raleigh-Durham and Charlotte, North Carolina, are getting a new path to owning their own house – or at least a fraction of it. Ownify is raising a $10 million fund to pilot a fractional ownership strategy that allows aspiring homeowners to share the financial responsibilities of ownership with other investors. Through Ownify, they begin accumulating equity with their first payments, and accrue additional equity every month. Frank Rohde Allie O'Shea Ben Herold Realize Impact Matt Eldridge https://lnkd.in/ecx_PqM3

📝 New NAR settlement policy is now in effect, likely already in your market. Don’t panic—just keep these three points in mind: 1️⃣ You need an agreement with your buyer agent, but it doesn’t have to be exclusive or long-term. Negotiate the terms and shop for an agent you trust *before* shopping for a home. You may have to interview a few before you find the right fit. This is worth the time and effort. 2️⃣ Commission is negotiable, and now it’s written into the forms. Even though MLS doesn’t disclose the buyer agency compensation, it can still be negotiated in your sales contract. This is true even if the seller isn't proactively offering compensation. 3️⃣ Don’t forgo representation just to avoid fees—it could cost you in the long run. Skillful buyer agents know your market and can not only negotiate a deal for you that makes sense, vut also help with due diligence tasks that may keep you from making costly errors in your transaction Have questions about how this impacts you in Upstate SC or Northeast GA? Let’s talk! 📞 #NikiMaclayHomes #AORAnderson #AgentOwnedRealty #REALTOR #realestate #yeahthatgreenville #greenville #seeshockcity #electriccity #yeahthatanderson #andersonsc #HartwellGA #ClaytonGA #ToccoaGA #WestminsterSC #ClemsonSC #AllIn #feelslikehome #BringingYouHome #HomeSweetHome #UpstateSCRealEstate #NEGeorgiaHomes #SCMountainHomes #GeorgiaRealEstate #UpstateLiving #HomeSweetHomeSC #GeorgiaProperty #SCRealEstateAgent #NEGARealty

#FractionalRealEstate update: As housing markets remain competitive and prices soar, first-time homebuyers face significant challenges. Innovations in fractional homeownership offer potential solutions. Ownify is a new company that helps new homeowners to gradually build ownership without the usual hefty down payments. With Ownify, the down payment is 2%. Here is how it works: 1. Home Selection: Users begin by browsing through a selection of vetted properties available on the Ownify platform. 2. Fractional Investment: Instead of purchasing the entire property, buyers buy a fraction of the home. This fractional ownership model allows buyers to start with a smaller financial commitment, making it more feasible for many people to enter the real estate market. 3. Equity Accumulation: As buyers continue to live in the property, their equity grows. Monthly payments, which are typically lower than traditional mortgage payments, contribute to increasing ownership stake in the home over time. 4. Flexibility: Ownify provides flexibility with options to increase the buyer’s equity share or sell your stake if their circumstances change. Their unique model allows first time buyers to move in and steadily increase their stake over time. Accredited Investors can invest in Ownify's Home Fund, a pooled investment vehicle that allows investors to collectively own shares in a diversified portfolio of homes. This enables Ownify to buy properties and offer a more accessible path to homeownership for first-time buyers. Ownify is currently only available in North Carolina. Due to SEC regulations, investing in the Home Fund is only for wealthy accredited investors. Can you imagine how the Home Fund would benefit if smaller investors had access to this? #trustrenews #RealEstate #HomeOwnership #Innovation #FirstTimeHomeBuyers #Ownify

🏆 We are thrilled to announce that Costello Real Estate & Investments is once again nominated for Best Real Estate Company in both Charlotte AND Raleigh! 🙌🏻 🏙️ We’ve proudly won the last 2 years in Raleigh and with your help, we can do it again and achieve this honor in Charlotte for the first time! 🌟 🔗 Visit https://lnkd.in/gqmdSccs to vote for Costello Real Estate & Investments for Best Real Estate Company once a day now through 07/26/2024 at 05:00 PM. ✅ Here’s how to vote: 1. Visit https://lnkd.in/gqmdSccs 2. Click the Real Estate category 3. Select Real Estate Company 4. Choose Costello 5. Review and submit your ballot 6. Repeat every day! ⭐️ Also, be sure to support our amazing Costello Realtors nominated for Best Real Estate Agent: Nominated for Charlotte Best Real Estate Agent: - Nadia Lemkhairi @nadia_lemkhairi_realtor - Maurice Price mr.price_the_realtor Nominated for Raleigh Best Real Estate Agent: - Gene Rau @generaurealtor - Andrey De Biaggi @debiaggirivera_realtor - Ryan Overcash @cashrulesraleigh 💙 We want to truly thank all of our Costello Realtors, Staff Members, Clients, Family Members, Vendor Partners , and everyone who supports us every day. Comment below once you’ve submitted your vote and share this to your story to let others know to vote before 07/26! Thank you in advance for your support! 💙🏡✨ #VoteCostello #TopRealEstateBrokerage #RaleighRealEstate #CharlotteRealEstate #CostelloREI #RealEstateExcellence #BestRealEstateCompany #SupportLocal #RealEstateCommunity #charlottesbest #raleighsbest #bestrealestateagent #bestrealestatecompany #ncrealestate #votenow #winningtogether

Since the announcement of the NAR settlement on March 15, the average buyer agent commission offered on the Triangle MLS for Single Family Homes listed between $250-750k in Raleigh, NC has come down from 2.40% (2022-Q1 2024) to 2.27% through June 26, 2024. Now, obviously this is still early, one market only, etc. but we're starting to see more and more buyer agent commission offers below the traditional 2.40% standard for this market (in the red circle below). At Ownify, we value the work that our accredited partner agents do - for our Ownis, Ownify, and our investors.  At the same time, we firmly believe that agent compensation needs to be aligned with helping our customers win their home at the best possible terms. So we're excited to announce a completely new compensation plan for our buyer agent partners that actually pays agents more when they lower the purchase price of the home for their buyers. We're calling it the "Two plus Ten" - here's how it works: Base commission (the “Two plus”): Ownify pays our buyer partner agents the higher of a) the commission offered by the selling agent or b) 2.00% of the list price (yes, the list price, not the purchase price). Buyer benefit commission (the “Ten”): In addition to the base commission, Ownify pays our buyer partner agents 10% of the buyer benefit negotiated by them on behalf of the buyer. Buyer benefit is the difference between list price and the initial executed purchase price including negotiated price reductions, seller-paid credits, or seller concessions. Yes - for the first time, buyer agents can earn more commission by reducing the price their buyer pays! There will be lots of models following the NAR settlement - we believe our "Two plus Ten" model truly puts buyers' interests first while valuing the hard work and contribution of our buyer agent partners. Interested in your feedback in the comments below and of course if you're a REALTOR™ become accredited with Ownify!