How Does EquiKey Value Homeowner’s Equity?
Our smart algorithm values homeowner’s equity upfront based on:
The current, and predicted future, value of the property
The age of the homeowner(s) and any future plans to transition from the home to aged care
The type of home and it’s location
Senior homeowners are able to supplement their retirement income by accessing the equity (Cash) tied up in their home, without moving, and without taking on debt.
Investors and homebuyers are able to purchase fractions of homes, that are not on the open market, without incurring expenses like stamp duty, lenders mortgage insurance, and mortgage premiums.
Fractions are discounted using EquiKey’s smart algorithm, meaning you will often pay less than market value for your share of the future sale proceeds of the property. You can also opt to buy the rest of the property at time of sale.
Further Questions? You can get in touch here