C0-OWNERSHIP
The home owning process is antiquated, that's why were updating it.

WHAT IS CO-BUYING?

Co-buying is when two or more people purchase a property and agree to share ownership. This can be a partnership between a couple, relatives, close friends, or roommates.

WHY SHOULD I CONSIDER CO-BUYING WHEN PURCHASING MY NEW HOME?

Co-buying has gained a lot of popularity recently with co-buyer purchasing rising over 771% in a span of just a couple of years! The modern economy is a lot different than it was in the past. Wages are stagnant, rent gets higher and higher, but mortgage rates are relatively cheap. The share-economy is booming.

WHAT'S IN IT FOR ME?

APPROVED MORTGAGE

Young adults lack sufficient income to qualify for a mortgage or down payment, but combining their income and debts with others' can not only improve the chance of getting approved, but also include a lower interest rate.

SPLITTING COSTS

When buying a home with others, all costs typically will get split up evenly, making home ownership more affordable. This means that everyone involved can purchase a home of far better value than they would be able to by themselves.

ENTER MARKET SOONER

Less than 50% of millennials earn more money than their parents by the age of 30 due to inflation, so co-buying has become an option more than ever before. Rent is high, and a mortgage payment could be comparable, but better as it provides all the benefits that come with home ownership.

EQUITY GAINS

Equity is the difference between someone's home value and what they owe the mortgage lender. The longer one lives in their home, the more home equity they build. Unlike renting, homeownership would allow them to walk away with a lot of cash if they so decide to move.

While all of this sounds great, the process can be somewhat challenging and overwhelming. That is why the team at RoomEquiti is here to put you on the right path and provide you with a platform that will streamline the entire home buying process in its own marketplace.

Using existing ownership models and making them more accessible to the average home buyer, we've uncovered a way for the next generation of homebuyers to enjoy the mobility of renting and combined it with the life changing benefits of homeownership.

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C0-OWNERSHIP The home owning process is antiquated, that's why were updating it.