Welcome to Really Care Realty!  

Northern California - Real Estate Services

 San Jose, Sunnyvale, Cupertino, Campbell, Belmont...

I am now affiliated with Davey Real Estate Offices, San Jose, CA, as an Associate Broker! Davey Real Estate specializes in newer, high-end properties located in the Evergreen area of San Jose.  This combining of talents offers investors and private individuals a wealth of resources to effect purchasing or selling property in Silicon Valley.    

Check out PATRICIA'S BLOG - Good information for Buyer, Sellers and Agents!

Question: 

How Can A Person Buy Higher Than What He Can Get Financing?

Answer: 

 SHARED-EQUITY!

A shared-equity, is an opportunity to purchase a property with another person(s) or entity, for investment purposes.  Sometimes the home is purchased among family members as investors.  Businesses can provide this as an employee "perk".
It works like a simple purchase.  If a buyer wants to enter into a purchase with an investor to help finance, this is one method to increase down payment and share costs of the mortgage and maintenance.  Selection of the property is typically the person who wishes to live on the property, generally accepting to pay the mortgage and make repairs or just maintain the property.  The contract can be written in whatever terms the parties agree to.  The investor is interested in receiving his share of the equity for his investment, and his percentage of appreciated value at time of sale.  These type of equity-shares are always available, but most lucrative when real estate is in "a down market."  
There are fantastic opportunities to purchase, and use this contract to share the purchase, and share the profit.  Contracts vary according to objectives of the parties.  When the property is agreed to be sold, costs and profits are distributed to all investors.  Many families prefer to write up their own contract, but having an attorney helps to professionalize the agreement. 

If interested in discussing setting up a contract of this type, you may contact me: 408-737-1695, or email:  

pat@reallycarerealty.com

Tel: 650-949-0840
Fax: 650-949-0844