The Genrae community is made up of homebuyers and accredited investors. Accumulated capital within the community allows you, the homebuyer, to purchase the home you want, in the location you want. We align the incentives of our members to benefit investors and buyers.
For example, your dream home costs $400,000 but you only qualify for a $300,000 mortgage. Become a Genrae member. Our community could invest alongside you. Now, owning your dream home could be a reality.
THE GENRAE HOMEBUYING PROCESS
- Get pre-qualified with a Genrae-partner bank
- We connect you with our lending partners.
- Our lending partners walk you through the buying and pre-qualification process.
- Find your home
- Once pre-qualified, work with a real estate agent to find your dream home.
- Make an offer! (the home should fit Genrae community member criteria)
- Invest together with Genrae at closing
- We will work with the bank to ensure all necessary capital is available to purchase the home.
- You will sign all the customary closing documents to include an Equity Share Option Agreement that details Genrae’s investment – welcome to the Genrae community!
- Move in
- Move into your dream home!
- You pay your monthly mortgage payments, tax, insurance, and/or HOA fees.
- Together, you and Genrae benefit when the home appreciates in value.