Break into Homeownership Sooner with Co-Ownership

Struggling to enter the housing market? Co-ownership could be your key to becoming a homeowner faster and more affordably.

What is Co-Ownership?

Co-ownership is an innovative approach to homeownership that allows you to own a portion of a home without having to purchase 100% of it. At The Home Genie Investor Partner Group, we offer a unique co-ownership model:

• Upon approval our Home Genie Investor Partner Group will co-invest up to $250,000 towards your down payment
• You get to live in and enjoy the home 100%
• Our investor partner group share in the future value of the property

Minimum Down Payment & Purchase Price

A minimum of 5% of the home purchase price is required. Maximum Home Purchase Price: $2,500,000

Benefits of Co-Ownership with the Home Genie Investor Partner Group

Accessibility: Get into your desired home sooner without waiting to save a large down payment.

Stability: Enjoy the security of homeownership without a landlord.

Wealth Generation: Start building equity in real estate, one of the most stable forms of investment.

Expert Support: Benefit from our real estate expertise throughout your homeownership journey.

How It Works

1. Apply: Complete an application to see how much we can contribute. (Apply to be a link to the application form)
2. Find Your Home: Work with the Home Genie Investor Partner Group to find your ideal property.
3. Close Together: The Investor partner group will purchase the home together with you, sharing ownership.
4. Live and Grow: Enjoy your new home while we both benefit from its appreciation.

Flexibility for Your Future

Our Investor Partner Groups' co-ownership agreement now extends up to 30 years, giving you more freedom to choose when

Is Co-Ownership Right for You?

Co-ownership could be ideal if you:

• Have the income for a mortgage but lack savings for a down payment
• Want to enter the housing market sooner
• Are comfortable with a shared ownership arrangement
• Seek the benefits of homeownership without the full financial burden

Ready to explore how co-ownership can help you achieve your homeownership dreams?

Get started with The Home Genie Investor Group today and take the first step towards owning the home you want, sooner

Areas Where You Can Purchase a Home

Toronto, York, Durham, Peel, Halton, Simcoe, Dufferin, Hamilton, Guelph, Kitchener-Waterloo, London and Ottawa

How does The Home Genie Investor Group co-ownership agreement compare to traditional homeownership

Key Differences

Down Payment Contribution

The Home Genie Investor Group's partner contributes up to $250,000 towards the down payment, allowing buyers to reach a 20% down payment sooner than they could on their own. In traditional homeownership, the buyer is responsible for the entire down payment.

Ownership Structure

With Home Genie Investor Group's partner, you co-own the home with the company. Home Genie Investor Group's partner buys a share of the home in exchange for their down payment contribution. In traditional homeownership, you own 100% of the property.

Equity Sharing

When the home is sold, the Home Genie Investor Group's partner receives a share of any gains or losses proportional to their initial investment. In traditional homeownership, the homeowner keeps all equity gains or losses if the home is sold below its original purchase price.

Living Arrangements

Despite shared ownership, you have full rights to live in and enjoy the home 100%. This is similar to traditional homeownership.

Term Length

The Home Genie Investor Group's partner co-ownership agreement now extends up to 30 years, giving homeowners more flexibility. Traditional homeownership has no set term.

Similarities

Mortgage Responsibility

In both models, the homeowner is responsible for mortgage payments, property taxes, and maintenance costs.

Building Equity

Both the Home Genie Investor Group's partner co-owners and traditional homeowners build equity in real estate over time.

Property Decisions

In both cases, the resident homeowner makes day-to-day decisions about the property.

Potential Advantages of The Home Genie Investor Group's Partner Model

• Faster entry into the housing market
• Ability to purchase a higher-value property
• No interest or additional debt on Home Genie Investor Group's partner contribution
• Shared risk in case of market downturn

While the Home Genie Investor Group's partner model allows for easier entry into homeownership, it does involve sharing future appreciation with an investment partner, which differs from the full equity growth potential of traditional homeownership.