Many home owners have accumulated significant equity in their homes with plans to use it for retirement, home improvements, college education, or health care expenses. Historically, to access the equity, home owners would either sell the home or take out a home equity loan. Through PRIMARQ, you as a home owner have a new method of accessing that equity - by selling a portion of the home to a co-investor, while remaining the sole resident. This allows you to take out cash for expenses, pay off the remaining mortgage, or diversify what is likely your single largest investment into other investment classes and vehicles, like your 401(k). And since you are not borrowing against the home, you don’t have any monthly repayments obligations.How does it work?
PRIMARQ screens home owners to ensure they are good candidates for co-ownership, evaluating factors such as credit scores, employment history, current home equity, and anticipated property appreciation. PRIMARQ then, in conjunction with the home owner, “packages” the property as an investment opportunity, providing information on the property and its outlook for appreciation. Through an auction, investors bid to supply capital in return for an equity interest in the property. Finally, PRIMARQ prepares a standardized agreement and facilitates the closing of the transaction.