
Normally the order goes like this: you buy a residence, live in it for a several several years, possibly do a several tiny assignments right here and there, and then — if everything goes right and your bank account permits it — you get to get in touch with the shots on a key dwelling reno.

Appropriate now for a single very fortunate ZeroDown shopper, that timeline is about to totally upended. The lease-to-purchase firm is partnering with Austin Flipsters to surprise the to start with qualified ZeroDown purchaser with an wonderful transformation, taking an regular household and turning it into a aspiration residence.

ZeroDown will work like this: Customers go browsing for their desired property, which ZeroDown purchases for funds and rents again to them (no down payment essential!).

Buyers pay hire to ZeroDown and have a important possibility to invest in the property on their very own timeline at an attractive cost. Which is mainly because ZeroDown will maximize the acquire rate for the shopper by 2.5 % for every calendar year all through the a few-12 months possibility time period, a smaller fraction of the 12.1 p.c yr-in excess of-12 months house cost appreciation calculated by the Austin Board of Realtors for September 2020.

All of the upside previously mentioned the 2.5 per cent annualized level can be captured by the purchaser if and when they select to purchase the house from ZeroDown. Not like a house loan, there is no upfront down payment involved, even for pricier houses higher than $1 million, and the shopper can make a decision to go away the house anytime immediately after two many years with no the rigorous friction of possessing to record and sell the properties on their own.

Generally ZeroDown only buys transfer-in-ready homes, but for this specific event, the corporation is on the lookout for a diamond in the tough.

Functioning with Austin Flipsters, the YouTube-popular pair that pulls the curtain back on dwelling flipping, the blessed purchaser gets to simply call the photographs and place their structure stamp on their new dwelling.

Improved nevertheless, all ZeroDown shoppers can get pleasure from 20 percent off their starter charge and 5 % off rent until eventually December 15. You can find no improved time to test before you purchase, and who is aware of? You could possibly before long be shifting into your dream house.

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Be certain to examine out ZeroDown’s The LowDown for much more updates, and to solid your vote for the finest neighborhood in Austin.