Dallas' new real estate startup makes homebuying for both customers and investors alike much easier than before, thanks to the new buying model introduced. Will the new buying model for real estate property purchases make everything easier for the real estate market?
A New Homebuying Model in Dallas Is Introduced by a New Real Estate Startup
According to CultureMap Dallas, the new real estate startup company is named ZeroDown, and it aims to make real estate home buying easier than before. The said startup company is also aiming to destroy the monotone nature of the traditional purchasing of real estate properties.
The company ZeroDown wants to provide unique solutions for both real estate investors and customers alike the ease of getting their own real estate, whether it would be by buying, renting, or "leasing-to-own".
Instead, ZeroDown will provide those asking for their service is the option to buy a real estate property without them dropping a single amount of cash from their own pockets. ZeroDown will then buy the property for them and have it rented out to them until they have completely paid them off, making it an effective "rent-to-own" scheme.
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Do take note that the customer has the option to buy the said property that ZeroDown has rented for them during the process. The rental period for the said property will be in three (3) years, while only adding interest of 2.5% per year on the total buying price of the property. This might sound like an expensive amount, but it is a cheaper option than other same companies charging 16.5% per year instead.
Aside from the savings, one can avail of from ZeroDown, customers can enjoy the benefit of having no need to pay the upfront downpayment. That benefit even covers real estate properties over $1 million in price. And when the customer wants to leave the property for any kind of reason, they won't be needing to go through the hassle of listing and selling it themselves as ZeroDown will do it for them.
Real Estate Startup Company ZeroDown Has Secured Funding for Their San Francisco Customers
Speaking of which wherein ZeroDown purchases homes for customers, they are not new in doing this kind of real estate home buying model in different locations within the country. According to HousingWire, ZeroDown has secured $100 million in funding for buying new real estate properties for their customers living in Sand Francisco last August 2019.
After their launch earlier in 2019, in order to fuel their new business model, they quickly pushed to securing the $100 million funding for their business model. By doing so, many customers in that area will have a better chance of owning a new real estate property in one of the most expensive states in the country. By removing the hurdles of downpayment and mortgages, many can get their dream home much easier than before.
Having a dream property on lease by a real estate company startup can be a good solution in solving the problem of home ownership in the country, wherein it is become a huge problem for many.
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