Is ourboro legit? Ourboro.com reviews

 

What is Ourboro?

Ourboro is a real estate investment company that helps homebuyers purchase their dream homes through shared equity. Based in the Greater Toronto Area, Ourboro believes that buying a home in an expensive market can be challenging, and they aim to help those who may not have the necessary down payment. Through their unique co-ownership model, homebuyers and investors can become partners, helping each other achieve their goals.

How does Ourboro work? Subheading: Shared Equity

Ourboro’s co-ownership model is based on shared equity. When a homebuyer works with Ourboro, they receive a down payment contribution that is not a loan, and therefore, does not accrue interest or additional debt. Instead, Ourboro buys a share of the home, which means that both the homebuyer and Ourboro have a vested interest in the property. When the home is sold, both parties receive their fair share of the gains or losses.

 Goals and Expertise

Ourboro is invested in helping homebuyers achieve their goals, and they do so by bringing exceptional real estate expertise to the table. They believe that their success as an investor is tied to the success of the homeowner, and so they work closely with homebuyers to help them navigate the often complex real estate market.

 Shared Ownership

Shared ownership with Ourboro does not mean that you have to share your space. In fact, you can own 100% of the home and still benefit from shared equity. Ourboro’s co-ownership model allows homebuyers to enjoy the benefits of homeownership while also having a partner who shares in the investment.

Why Choose Ourboro? Subheading: Financial Benefits

One of the primary benefits of working with Ourboro is the financial assistance that they provide. In an expensive market like the Greater Toronto Area, saving for a down payment can feel like a never-ending struggle. Ourboro’s down payment contribution helps homebuyers bridge that gap, enabling them to purchase the home they want today.

 Partnership and Support

Partnering with Ourboro also means that homebuyers have a dedicated team of professionals on their side. Ourboro works with licensed mortgage brokers and top real estate agents to help homebuyers find their dream homes. They also provide ongoing support to ensure that both the homeowner and the investment are well-cared for.

Is ourBoro legit?

Ourboro is a registered corporation and is licensed with the Real Estate Council of Ontario (RECO) as a co-ownership brokerage. This means that they operate under the regulatory oversight of RECO and are required to follow their rules and regulations, which are designed to protect consumers. Additionally, Ourboro has received positive reviews from some of their co-owners who have successfully used their services to purchase a home.

However, as with any financial investment or partnership, it is important to thoroughly research and understand the terms and risks involved before making a decision. It is recommended to consult with a licensed financial advisor or attorney to help you evaluate the potential benefits and drawbacks of co-ownership, as well as to review the legal documents involved.

Summary

If you’re looking to buy a home in an expensive housing market like the Greater Toronto Area, you may feel like homeownership is out of reach. Even with a stable income, saving for a down payment can seem like a daunting and never-ending task. But what if there was a way to collaborate with real estate investors to make your dream of homeownership more achievable? That’s where Ourboro comes in.

Ourboro is a shared equity program that helps individuals and families purchase a home by providing a down payment contribution in exchange for a share of ownership in the home. Unlike a loan, there is no interest or additional debt, and when the homeowner decides to sell, both the homeowner and Ourboro receive their fair share of the gains or losses.

One of the unique aspects of Ourboro is that it turns homebuyers and real estate investors from competitors into partners through co-ownership. This partnership approach allows both parties to benefit, and it helps to turn what could be a competitive situation into a collaborative one.

For homebuyers, the Ourboro program offers a financial boost that can make the difference between being able to purchase a home now or having to wait years to save up for a down payment. And because Ourboro’s investment only grows when the homeowner’s investment does, there is a shared interest in the home’s success. This means that Ourboro is dedicated to helping homeowners find and purchase a home that they will not only love to live in but also one that will increase in value over time.

For real estate investors, Ourboro offers the opportunity to earn a return on their investment through the appreciation of the home. If the value of the home increases over time, investors will receive a share of the gains when the home is sold. Conversely, if the value of the home decreases, investors will share in the loss with the homeowner. This shared risk ensures that investors are invested in the long-term success of the partnership.

The process of working with Ourboro is simple. Homebuyers complete an application and work with the Ourboro team to find out how much they can contribute towards the down payment. If the offer is acceptable, it is locked in for 90 days. Homebuyers are then connected with a third-party licensed mortgage broker and top real estate agent to help them find and purchase a home. Ourboro and the homeowner then close on the home together, and the investment grows as the homeowner’s investment grows.

Ultimately, Ourboro exists to help homebuyers achieve their dream of homeownership in expensive housing markets like the Greater Toronto Area. By turning real estate investors into partners, Ourboro creates a win-win situation that benefits both parties. Homebuyers get the financial help they need to purchase a home now, while investors get the opportunity to earn a return on their investment through the appreciation of the home. And because Ourboro’s success is directly tied to the homeowner’s success, you can be confident that Ourboro is dedicated to helping you find a home that you will not only love to live in but also one that will increase in value over time.