“Housing affordability and accessibility offers exciting new opportunities for brokerages and their agents,” said Hornung, “Agents who embrace these new buying options can do well by doing good.” At any point, a Divvy Homes customer can either buy back the home with the money saved or move out and take any savings with them. Most Divvy Homes customers become mortgage-eligible in fewer than three years. Once a customer’s income and savings are verified, a Divvy Homes-approved home budget is provided within two business days.
#Divvy homes houston free
We're a new kind of real estate company that is helping people build wealth while living in a home they will soon own.”ĭivvy Homes application is online, free and won’t impact credit scores. “Divvy is leveling the playing field by accelerating one’s ability to become a homeowner. “The path to homeownership is more challenging today than ever before,” said Divvy Homes co-founder and CEO Adena Hefets. Within three years, these future homeowners may have accumulated as much as 10% toward their down payment, allowing them to buy the home from Divvy. A portion of their rent goes toward saving for a down payment. Then Divvy purchases the qualifying home, and the renters move in with 1% to 2% of the value paid upfront.
It allows renters to work with a real estate agent and choose the home they want to rent-to-own. Over the next decade, industry analysts estimate Divvy Homes could help as many as 100,000 families become homeowners. “Divvy Homes helps make sure zavvie delivers every option for today and tomorrow’s home buyers and sellers - and that a trusted real estate agent remains at the center of every transaction,” said Lane Hornung, zavvie co-founder and CEO. Now part of zavvie’s recently expanded brokerage marketing place, Divvy Homes can potentially reach tens of thousands of new real estate agents, turning more of today’s renters into tomorrow’s homeowners. metropolitan areas, including Atlanta Cincinnati Cleveland Dallas Denver Ft Lauderdale, FL Houston Jacksonville Memphis Minneapolis Miami Orlando Phoenix San Antonio, TX St. The Divvy Homes rent-to-own program is currently available across 16 major U.S. Buying a home with Divvy begins with a five-minute online application that delivers an approved home-buying budget and the ability to start shopping with a real estate agent. Today, another buyer solution powered by zavvie, the nation’s first real estate brokerage marketplace that connects broker-agents to buyers and sellers, and Divvy Homes, a leading property-technology startup valued at $2 billion, will deliver a more accessible, affordable and innovative rent-to-own buying solution to real estate brokers and their agents.ĭivvy Homes uses technology and a human-centric approach to partner with consumers at every step of the home buying process, helping renters transition into homeowners. Cash offer products, buy-before-you-sell bridge solutions, and other options became increasingly popular as buyers sought to compete for a limited number of homes, helping them write an offer that could win a bidding war. 14, 2021 (GLOBE NEWSWIRE) - Aspiring home buyers have had to seek out novel solutions if they wanted to get their foot in a door of their very own throughout 2021. Its free to be a Divvy agent.BOULDER, Colo., Dec. For more info, go to sign up to become a Divvy agent and watch their short informational/training video. You will be the buying agent for Divvy and the leasing agent for Divvy's soon to be tenant. In essence, as the realtor, you will do two transactions within one. The lessee is NOT obligated to purchase the house.
As early as 60 days after moving in, they can buy the house OR if they decide they don't want to buy it they can just not renew their lease and move on. The lessee does not have to wait to start the purchase process. A portion of what the lessee has paid in rent goes towards the pre-determined and agreed upon purchase price. The lessee then signs on to a one year lease that can be renew each year for up to 3yrs and within that 3yrs they can buy the house from Divvy. At the end the agent earn the negotiated commission. Once the lessee finds a home (the home must meet certain DIVVY criteria, i.e., pretty much any regular single family home except NO Condos or Mobile Homes), Divvy goes into the offer/buying process like a normal transaction. The agent in turn becomes the agent for Divvy because Divvy will be the home purchaser. One must be invited by their realtor to apply, they must meet the qualification for rental (credit scores, no recent evictions etc.) After meeting all qualifications, they're invited to shop for a home with "their" agent.
The process for the applicant (your client) is pretty basic. Yes, it is similar to other Lease -To- Own programs such as Home Partners of America & TRIO.
0 kommentar(er)
