EquityShare is a way for homeowners to be paid today for equity they’ve accumulated in their property – without getting a loan. Our partners invest alongside homeowners, providing cash today and participating in the proceeds at the time of a sale.

Because there are a lot of factors that go into determining if EquityShare can make an investment in a property, there isn’t a black-and-white list of criteria. Each property is evaluated independently. That’s why we suggest homeowners complete an application so that our Investment Managers have the information they need to speak with you about your specific scenario. Some of the things that tend to make homeowners an ideal fit include:

• Your single-family home or condo is located in a state in which we’re currently operational
• While we don’t have a FICO credit score requirement, homeowners’ credit scores are typically above 600
• You have a minimum of 25% equity in your home
• You live in your home at least six months out of the year (we do not currently invest in vacation homes)
• The investment amount you’re looking for is under 30% of your total home value or under $300,000 (this is the maximum amount that we can invest, and it will depend on home value and equity percentage, as well)

The term of the Investment is 10 years. You can either sell your house during the term or you can buy out our Investment with savings, or by taking out a home equity (or other) loan. We call this Settling the Investment.

This program is currently able to invest in homes in the following states (but more are on the way):

• Arizona
• California
• Florida
• Maryland
• Massachusetts
• Michigan
• Minnesota
• New Jersey
• New York
• North Carolina
• Oregon
• Virginia

If you don’t see your home state listed here quite yet, be sure to check back in with us soon. We’re growing quickly and expanding our reach to as many homeowners as possible!

You will receive your investment amount exactly four days after the investment agreement is signed, through a wire transfer to the account you choose. The closing costs are deducted from the investment total, so you have no out-of-pocket costs. There is no payment to be made until you are selling the home or, when you decide to you are settling the investment (which you can do at any point within the ten year period).

Our partner charges a fee equal to 3% of the Investment amount for arranging and funding the Investment. There are no other fees from partner, however the appraisal and other third party costs associated with the closing (i.e.: escrow, attorney/notary, and document recording) are deducted from the Investment amount when you get your money. So that there are no hidden fees or surprises, we provide a detailed estimate after you submit an application, including all of the final costs of obtaining the investment.

During the term of the Investment (10 years), you are responsible for maintaining your home, making timely mortgage, insurance, and property tax payments, as well as informing us if and when you plan to sell your home. During this time, you do not owe any payments and the Investment does not accrue any interest.

No, we’re not involved in any renovation decisions and we don’t share in any of the home value attributable to renovations, as determined by an appraiser.

So, if you’re renovating to make your life better, excellent! If you’re renovating in the hopes of increasing the value of your home, just do your homework. Some renovations add more value than others; some don’t pay for themselves at all.

Yes!  You may request an adjustment to the agreed home value to account for any appreciation in the value of the property as a result of certain qualified renovations amounting to $25,000 or more. Here’s how it works: At time of settlement, the homeowner provides us with evidence of the renovation, including receipts and photographs of the renovation. The amount of a renovation adjustment, if approved by Investor, will be the difference, as determined by an appraiser, between the appraised value of the property post-renovation and the hypothetical value of the property without the renovations. Accepted renovation adjustments are not guaranteed.

No. Assuming you are doing the things a responsible homeowner does (like paying your taxes, mortgage and insurance, and maintaining your home), we will not be popping by for a visit.

No problem – it’s totally up to you; just loop us in. Investor will receive their share from the proceeds of the sale.

If you don’t want to sell your house during the term, you can Settle the Investment in the same way with savings or by taking out a home equity (or other) loan. Any settlement is based on the current market value of the home.

In exchange for upfront cash investment, Investor receives a share of the sale or market price of the home. If the value doesn’t go up and they make less, they make less. That’s the risk they take, and that’s for Investor to worry about, not you.

That would be awful and we hope that never happens. If the property can be repaired and restored to its condition before the disaster, then great and that’s the plan. If it cannot be repaired and restored, Investor will use an appraiser to determine the value of the property before the disaster and they will receive their  share from the insurance proceeds, in the same way as if you had sold the property.

You do not need permission from investors to sell. When you decide to sell, you are responsible for notifying investors:

• When you plan to list the house for sale
• Within 24 hours of receipt of a binding offer (yay!) and include a copy of the offer

While they will not tell you which offer to accept, the sale price must approximate or exceed the market value of the home. They will work with you to settle the investment as part of the normal closing process; like you, and unlike a bank, they are motivated to get top dollar for any house they have invested in.