A sale where we share the profits.
Equity partnering involves a homeowner selling us a property with a significant amount of equity available, Typically over 40% equity after repairs.
We, in turn, sell the property – typically after renovating it – and share the net profits with you, the homeowner.
Qualifying for this programs varies greatly according to the individual property, the location, and the amount of renovations that are needed. However, equity partnering is not available for every property; a sufficient amount of equity is needed to make enough profit to justify the transaction.
Equity partnering is an excellent program for homeowners who need to renovate their property in order to get top-dollar but do not have the funds to do so.
In some cases, we can reinstate the loan and take over the payments going forward. When the property is sold or refinanced in the future, the net profits are split with the homeowner at the time of closing.
There are a wide variety of equity partnering solutions that may be available to you, of course, it all depends on the specific situation.
This type of sale has a variety of advantages for the homeowner:
The downside to this strategy is that the homeowner has to wait until the house gets sold or refinanced to get any money.
If equity partnering sounds like something that would work for you, give us a call. We will explore possible equity partnering solution available to your specific situation.
They helped me take the existing equity of my old house to buy a new house. I retired to a new house with no mortgage!
When my mom passed, they helped by forwarding me a portion of the sale for expenses.
My husband and I were out of work, Sold ASAP helped us move and even advanced our deposit for our new place.
The house needed a ton of work, but they still offered me a very competitive price for it!
They advised us to wait 6 months for the market to go up. The wait helped us earn $10k more. We did not expect that level of honesty.
They bough my mom's house. We used the money to pay her medical bills and best of all, they allowed her to stay until her passing. Thank you.
I was due to be foreclosed on in 3 days. I called them up and they were able to get me out of it and made a significant amount from the sale!
We inherited a house with an underwater mortgage, they helped us with the sale and even managed to help us make a profit.
Selling a house with no equity is hard, I'm lucky I found you guys!
Get a fair and honest offer now.