Dear All,
Homeownership is becoming increasingly difficult — and for many, almost impossible. Over the past few decades, at its core, it has become something more: a systemic community issue. The status quo needs something new — a transition — to empower buyers.
What does Caveat Emptor mean?
Caveat Emptor is a phrase used in real estate that means Buyer Beware.
Within the context of this article, we thought we would have some fun exploring what AffordAssist could mean to a buyer through the use of a Latin phrase.
Auctoritas Emptoris represents the Authority and Power of the Buyer.
Yes, buyers do have power.
In every property listing (including off-market), one truth remains:
A seller in the market is, to some degree, a seller who needs to sell.
Buyers represent what sellers value most: financially qualified buyers who are ready to act.
AffordAssist: A new safer, system + structure — one that enables both the Seller and Buyer to matter. Rather than taking sides in a typical seller’s or buyer’s market, this represents a new industry attitude. Social enterprise, delivered through an industry-leading governance process.
For the seller, it offers a fair price and a timely settlement. For the buyer, it enables them to make an offer with authority and power through AffordAssist — a new safer, system + structure — something truly good for the next generation of home buyers and property investors. Thus, with the help of AffordAssist, buyers are empowered.
Making it Possible.
AffordAssist is an Interest-Free Deferred Deposit Solution. A Smarter Way to Buy Property.
AffordAssist helps eligible buyers structure a property purchase by contributing an initial part-deposit and deferring an agreed portion of the purchase price interest-free.
Whether the objective is to enter the property market sooner with a part-deposit from $1,000, borrow less or retain more available cash, AffordAssist offers an alternative to the traditional cash-deposit approach.
AffordAssist considers three interconnected aspects of a property purchase: Access, Borrow Less and Exit. A new safer, system + structure — something truly good for the next generation of home buyers and property investors.
Eligible buyers may start with as little as $1,000 upfront.
Defer 13% of the purchase price*
The remaining balance is a first mortgage home loan paired with AffordAssist.
*Example only. The deferred amounts and terms are flexible and can range up to 18% of the purchase price, with payment terms between 60 and 120 months. Always interest-free.
AffordAssist is available for both new and existing properties. We help make the deposit structure easy for sellers to understand, supporting a smoother process for everyone involved.
Click to read the article: When Housing Affordability Becomes a Social Enterprise Outcome
Kind regards
AA
B2B – AffordAssist facilitates and oversees the governance process. Are you a mortgage broker, lender, developer, real estate agent, affordable housing advocate, a builder, a community leader or housing minister? Pair your services with ours and join us in our mission to expand access to affordable housing. Together, we can make a lasting impact.
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