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Description
This is the First of its Kind Luxury Property Crowdfunding Platform. It allows users to secure fractional shares in luxury property at a fraction of their cost. This gives the buyer more freedom to use Titled Real Estate in multiple properties, and in multiple countries. All share ownership positions are valued and calculated based on vacation market trends. All Shareholders have the right to use the property, depending on how much they own. After the funds have been purchased through our secure platform, they are kept in escrow until the buyer receives their share agreement. Then, the relative US corporation is given to him/her by top US Fractional Attorney's who hold the ownership of the property.
Description
Ownify is an innovative program focused on fractional homeownership, aimed at making the dream of owning a home a reality for first-time buyers. By collaborating with investors, Ownify allows individuals to enter the housing market with as little as a 2% down payment, giving them a 2% equity share upon closing. This unique strategy effectively positions buyers as cash purchasers, enabling them to cover other essential upfront costs such as due diligence fees and earnest money, which enhances their competitiveness in the marketplace. Participants in this program, known as "Ownis," are required to make fixed monthly payments that are split into two parts: one part is allocated for acquiring additional equity in the property, while the other part addresses occupancy expenses like maintenance, insurance, and taxes. This framework facilitates a gradual increase in ownership for Ownis over time, allowing them to build equity at a steady pace. After a five-year period, Ownis typically find themselves owning around 10% of their home's equity, with the flexibility to either buy the remaining equity at its fair market value or opt to cash out and exit the arrangement. Ultimately, Ownify not only provides a pathway to homeownership but also empowers buyers to take control of their financial futures in a supportive manner.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Luxury Shares
Founded
2018
Country
United States
Website
www.luxuryshares.com
Vendor Details
Company Name
Ownify
Country
United States
Website
ownify.com