--- title: "Agent FAQ: Selling Homes with Ownify" description: "Real-estate agent answers about partnering with Ownify: pre-qualification, commission, eligible properties, cash offers, closing, and what happens at year five." lang: en json-ld: | [ { "@context": "https://schema.org", "@type": "Organization", "@id": "https://ownify.com/#organization", "name": "Ownify", "alternateName": "Ownify Homeownership", "url": "https://ownify.com/", "logo": "https://ownify.com/favicon.png", "description": "Ownify is a fractional homeownership platform that helps first-time homebuyers buy a real home with as little as 2% down by partnering with long-term capital investors. Active in Colorado, North Carolina, and Tennessee.", "foundingDate": "2022", "areaServed": [ { "@type": "State", "name": "Colorado" }, { "@type": "State", "name": "North Carolina" }, { "@type": "State", "name": "Tennessee" } ], "sameAs": [ "https://www.linkedin.com/company/ownify", "https://x.com/ownifyhome", "https://www.facebook.com/ownifyhome", "https://www.instagram.com/ownifyhome", "https://www.youtube.com/@ownify" ], "contactPoint": { "@type": "ContactPoint", "contactType": "customer support", "url": "https://ownify.com/contact", "areaServed": [ "US-CO", "US-NC", "US-TN" ], "availableLanguage": "English" } }, { "@context": "https://schema.org", "@type": "WebSite", "@id": "https://ownify.com/#website", "url": "https://ownify.com/", "name": "Ownify", "publisher": { "@id": "https://ownify.com/#organization" }, "inLanguage": "en-US" }, { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://ownify.com/" }, { "@type": "ListItem", "position": 2, "name": "Agents", "item": "https://ownify.com/agents" }, { "@type": "ListItem", "position": 3, "name": "FAQ", "item": "https://ownify.com/agents/faq" } ] }, { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "How do agents pre-qualify customers with Ownify?", "acceptedAnswer": { "@type": "Answer", "text": "Agents invite their customers to apply via the Ownify online application for pre-qualification. Ownify notifies the agent and customer with the results." } }, { "@type": "Question", "name": "What commission levels does Ownify pay to agents?", "acceptedAnswer": { "@type": "Answer", "text": "Ownify pays market commission rates to buyer's agents who bring qualified customers to the program." } }, { "@type": "Question", "name": "If I bring a buyer to Ownify, can I list the property when they move out?", "acceptedAnswer": { "@type": "Answer", "text": "Yes. The original buying agent is offered first refusal to list the property when the customer decides to move out." } }, { "@type": "Question", "name": "Who is my main contact at Ownify?", "acceptedAnswer": { "@type": "Answer", "text": "Every agent gets a dedicated contact at Ownify, available 8am–7pm Mon–Sun." } }, { "@type": "Question", "name": "How do I become an Ownify Accredited Agent?", "acceptedAnswer": { "@type": "Answer", "text": "Apply through the Ownify Accreditation page. You'll complete a short training and join our agent network." } }, { "@type": "Question", "name": "What is Ownify's definition of a first-time homebuyer?", "acceptedAnswer": { "@type": "Answer", "text": "A first-time homebuyer is someone who does not currently own a home or have an outstanding mortgage." } }, { "@type": "Question", "name": "How will my customer be pre-qualified?", "acceptedAnswer": { "@type": "Answer", "text": "Ownify performs a soft credit check, verifies employment and income, and verifies identity." } }, { "@type": "Question", "name": "How many people can be on an Ownify application?", "acceptedAnswer": { "@type": "Answer", "text": "Up to two applicants can be included on an application; both incomes are considered in the pre-qualification." } }, { "@type": "Question", "name": "How long must my customer have been employed?", "acceptedAnswer": { "@type": "Answer", "text": "Customers must have been with their current employer for at least 90 days." } }, { "@type": "Question", "name": "Can bonuses be included in the income assessment?", "acceptedAnswer": { "@type": "Answer", "text": "Yes, Ownify considers bonuses within its income assessment." } }, { "@type": "Question", "name": "Can Ownify accept 1099 / self-employed income?", "acceptedAnswer": { "@type": "Answer", "text": "Yes. Ownify accepts 1099 and self-employed income, which is one of the program's biggest advantages over conventional underwriting." } }, { "@type": "Question", "name": "What credit score does Ownify require?", "acceptedAnswer": { "@type": "Answer", "text": "Ownify requires applicants to have a credit score of 680 or above." } }, { "@type": "Question", "name": "How often does underwriting need to be refreshed during the home search?", "acceptedAnswer": { "@type": "Answer", "text": "If the home search is still ongoing after 90 days, Ownify may need to re-run some checks." } }, { "@type": "Question", "name": "How much does pre-qualification cost the buyer?", "acceptedAnswer": { "@type": "Answer", "text": "Pre-qualification is free. To continue after pre-qualification, the customer signs the Participation Agreement and pays a $500 application fee." } }, { "@type": "Question", "name": "Does my customer need to find a home first before getting pre-qualified?", "acceptedAnswer": { "@type": "Answer", "text": "No — Ownify prefers customers get pre-qualified and review their budget before finding a home." } }, { "@type": "Question", "name": "How will my customer know what Ownify will cost each month?", "acceptedAnswer": { "@type": "Answer", "text": "An illustrative 5-year fixed payment schedule is provided as soon as a customer is pre-qualified, and a property-specific schedule is provided when a home is identified." } }, { "@type": "Question", "name": "What properties can my customer buy with Ownify?", "acceptedAnswer": { "@type": "Answer", "text": "Single-family homes listed on the local MLS in Ownify's active markets." } }, { "@type": "Question", "name": "Can my customer buy a new-build home?", "acceptedAnswer": { "@type": "Answer", "text": "Yes, if the new-build home is completed and listed for sale. Ownify does not currently make offers on homes under construction." } }, { "@type": "Question", "name": "What known issues will disqualify a home?", "acceptedAnswer": { "@type": "Answer", "text": "Ineligible conditions include homes greater than 100 years old, organic growth (mold), lead paint, unfinished renovations, and similar material defects." } }, { "@type": "Question", "name": "Are HOA properties allowed?", "acceptedAnswer": { "@type": "Answer", "text": "Yes. HOA properties are considered on a case-by-case basis." } }, { "@type": "Question", "name": "When is the customer committed to using Ownify?", "acceptedAnswer": { "@type": "Answer", "text": "Once an offer extended by Ownify is accepted by the seller, the customer is committed." } }, { "@type": "Question", "name": "Who owns the home — the customer or Ownify?", "acceptedAnswer": { "@type": "Answer", "text": "Title is held by an LLC formed specifically for the property. Both Ownify and the customer own membership interests in the LLC." } }, { "@type": "Question", "name": "Who pays for due diligence, earnest money and closing costs?", "acceptedAnswer": { "@type": "Answer", "text": "Ownify covers closing costs, due diligence, earnest money and any required repairs." } }, { "@type": "Question", "name": "When does the 2% down payment need to be sent to Ownify?", "acceptedAnswer": { "@type": "Answer", "text": "Ownify must receive the down payment before submitting an offer. Earlier is better." } }, { "@type": "Question", "name": "Can family or friends help with the 2% down payment?", "acceptedAnswer": { "@type": "Answer", "text": "Yes — family and friends can help with the down payment." } }, { "@type": "Question", "name": "Can the customer use a loan or credit card for the down payment?", "acceptedAnswer": { "@type": "Answer", "text": "No — the 2% down payment cannot come from a loan or credit card." } }, { "@type": "Question", "name": "Where is the 2% down payment held before purchase?", "acceptedAnswer": { "@type": "Answer", "text": "Funds are held by Folsom Street Property Management LLC, Ownify's property management arm, in a segregated bank account." } }, { "@type": "Question", "name": "How quickly can a customer make an offer after viewing a property?", "acceptedAnswer": { "@type": "Answer", "text": "Same day, provided the customer has already delivered the down payment." } }, { "@type": "Question", "name": "Who decides what inspections are required?", "acceptedAnswer": { "@type": "Answer", "text": "Each home gets a standard home inspection. Special inspections may be added based on agent or inspector feedback." } }, { "@type": "Question", "name": "Who pays for critical repairs identified in the inspection?", "acceptedAnswer": { "@type": "Answer", "text": "Ownify takes care of any critical repairs, pursuing seller concessions where possible." } }, { "@type": "Question", "name": "Is there a cap on due diligence and earnest money?", "acceptedAnswer": { "@type": "Answer", "text": "Yes — Ownify caps due diligence and earnest money at 10% of the purchase price." } }, { "@type": "Question", "name": "Who agrees to the offer that's submitted on the home?", "acceptedAnswer": { "@type": "Answer", "text": "Offers are agreed in cooperation with the agent." } }, { "@type": "Question", "name": "How quickly can Ownify close once an offer is accepted?", "acceptedAnswer": { "@type": "Answer", "text": "As an all-cash buyer, Ownify can close quickly — usually constrained only by the title search." } }, { "@type": "Question", "name": "Can I use my existing inspection and closing vendors?", "acceptedAnswer": { "@type": "Answer", "text": "Yes — Ownify takes the agent's advice on local vendors for inspections and closing." } }, { "@type": "Question", "name": "What happens to the 2% down payment if Ownify withdraws after inspection?", "acceptedAnswer": { "@type": "Answer", "text": "If Ownify withdraws from purchasing a home after inspection reports, the customer's 2% down payment is refunded." } }, { "@type": "Question", "name": "Does the seller need to do anything different at the closing table?", "acceptedAnswer": { "@type": "Answer", "text": "No — sellers experience a normal cash close." } }, { "@type": "Question", "name": "Who signs at the closing table?", "acceptedAnswer": { "@type": "Answer", "text": "Closing is digital and Ownify signs on behalf of the LLC that holds the home." } }, { "@type": "Question", "name": "Who negotiates with the seller during the closing process?", "acceptedAnswer": { "@type": "Answer", "text": "Ownify works with the agent to obtain the desired concessions from the seller." } }, { "@type": "Question", "name": "Can a customer purchase a home below their pre-qualified maximum?", "acceptedAnswer": { "@type": "Answer", "text": "Yes — customers can choose to buy under their maximum budget." } }, { "@type": "Question", "name": "Who is responsible for repairs?", "acceptedAnswer": { "@type": "Answer", "text": "The customer notifies Ownify of any issues. Ownify coordinates and pays for repairs as necessary." } }, { "@type": "Question", "name": "Who are the local vendors for repairs?", "acceptedAnswer": { "@type": "Answer", "text": "Ownify uses a network of local licensed professionals." } }, { "@type": "Question", "name": "What's the difference between a repair and a maintenance/improvement?", "acceptedAnswer": { "@type": "Answer", "text": "Repairs cover critical defects impacting habitability, safety, or the physical property — e.g., non-functioning HVAC, rotting deck, actively leaking roof. Maintenance and improvements are the customer's responsibility." } }, { "@type": "Question", "name": "When does the customer start paying Ownify?", "acceptedAnswer": { "@type": "Answer", "text": "Payments are due on the 1st of the calendar month following the purchase of the home." } }, { "@type": "Question", "name": "Who pays the property taxes?", "acceptedAnswer": { "@type": "Answer", "text": "Ownify takes care of property taxes." } }, { "@type": "Question", "name": "Who pays the insurance and what does it cover?", "acceptedAnswer": { "@type": "Answer", "text": "Ownify pays homeowner's insurance covering the property and structure. The customer organizes their own contents insurance." } }, { "@type": "Question", "name": "Who pays HOA fees?", "acceptedAnswer": { "@type": "Answer", "text": "HOA fees are property-specific and pass through as an incremental line on the customer's monthly payment." } }, { "@type": "Question", "name": "What happens if the customer stops paying Ownify?", "acceptedAnswer": { "@type": "Answer", "text": "The customer is in default. Ownify issues a notice to cure; if the position is not cured within the timeline, an eviction notice is served." } }, { "@type": "Question", "name": "What happens after 5 years with Ownify?", "acceptedAnswer": { "@type": "Answer", "text": "The customer can renew for another 5 years, buy out the remaining equity from Ownify (cash or mortgage), or move out and receive their accumulated equity minus a small relisting contribution." } }, { "@type": "Question", "name": "What if the customer needs to move out early?", "acceptedAnswer": { "@type": "Answer", "text": "Customers can move out at any time with notice. Ownify pays out the customer's equity at current market value, minus a relisting fee tied to indexed value." } }, { "@type": "Question", "name": "What if the customer wants to buy out Ownify with a mortgage or cash?", "acceptedAnswer": { "@type": "Answer", "text": "The customer can buy out Ownify at any point at the current market indexed value. In months 1–30 there's a 105% floor that steps down to 100% by month 60." } }, { "@type": "Question", "name": "What if home prices fall after the customer moves in?", "acceptedAnswer": { "@type": "Answer", "text": "The fixed monthly payment buys incrementally more equity. The customer can never be in negative equity because there's no loan secured against the home." } }, { "@type": "Question", "name": "What if home prices go up substantially?", "acceptedAnswer": { "@type": "Answer", "text": "Each monthly payment buys incrementally less equity, but the equity already accumulated is worth more." } }, { "@type": "Question", "name": "Can the customer renovate the home?", "acceptedAnswer": { "@type": "Answer", "text": "Yes. Significant work requires proper permits. The customer pays renovation costs and keeps any uplift in value attributable to the renovation." } }, { "@type": "Question", "name": "Can the customer sublet the home?", "acceptedAnswer": { "@type": "Answer", "text": "No. The home must be the customer's primary residence; subletting is not permitted." } }, { "@type": "Question", "name": "What tax forms does Ownify provide?", "acceptedAnswer": { "@type": "Answer", "text": "Schedule K-1s are issued during the first quarter of the calendar year." } }, { "@type": "Question", "name": "Who decides to sell the home if the customer moves out or defaults?", "acceptedAnswer": { "@type": "Answer", "text": "Once the customer has moved out, they are no longer party to the transaction. Ownify instructs the listing agent to put the home up for sale — and the original buying agent is offered first refusal." } } ] }, { "@context": "https://schema.org", "@type": "Service", "serviceType": "Ownify Agent FAQ", "name": "Ownify Agent FAQ", "description": "Common questions from agents about selling homes through Ownify.", "provider": { "@id": "https://ownify.com/#organization" }, "areaServed": [ { "@type": "State", "name": "Colorado" }, { "@type": "State", "name": "North Carolina" }, { "@type": "State", "name": "Tennessee" } ], "audience": { "@type": "Audience", "audienceType": "Real estate agents" } } ] --- We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience and analyze website traffic. By clicking “Accept,” you agree to our website's cookie use as described in our Cookie Policy . You can change your cookie settings at any time by clicking “Preferences .” Accept [![Ownify](/assets/ownify-logo-color-B9tRH5I9.png)](/) [Homebuyers](/homebuyers) [Investors](/investors) [Agents](/agents) [Markets](/markets) [Research](/research/ownify-university) [Blog](/blog) [About](/about) [Sign in](https://app.ownify.com/auth/magic/request?__hstc=53035703.de298812eb8d32a5d07cc434385fd594.1787187784432.1787187784432.1787187784432.1&__hssc=53035703.1.1787187784432&__hsfp=459a5155cbd50c6758f41a978f891916)[Get started](https://app.ownify.com/applications/new?__hstc=53035703.de298812eb8d32a5d07cc434385fd594.1787187784432.1787187784432.1787187784432.1&__hssc=53035703.1.1787187784432&__hsfp=459a5155cbd50c6758f41a978f891916) Agent FAQ # Agent questions , answered Everything real-estate agents ask about referring buyers, writing Ownify cash offers, and the long-tail relisting opportunity. ## Partnering with Ownify ### How do agents pre-qualify customers with Ownify? ### What commission levels does Ownify pay to agents? ### If I bring a buyer to Ownify, can I list the property when they move out? ### Who is my main contact at Ownify? ### How do I become an Ownify Accredited Agent? ## Customer eligibility & application ### What is Ownify's definition of a first-time homebuyer? ### How will my customer be pre-qualified? ### How many people can be on an Ownify application? ### How long must my customer have been employed? ### Can bonuses be included in the income assessment? ### Can Ownify accept 1099 / self-employed income? ### What credit score does Ownify require? ### How often does underwriting need to be refreshed during the home search? ### How much does pre-qualification cost the buyer? ### Does my customer need to find a home first before getting pre-qualified? ### How will my customer know what Ownify will cost each month? ## Property eligibility ### What properties can my customer buy with Ownify? ### Can my customer buy a new-build home? ### What known issues will disqualify a home? ### Are HOA properties allowed? ## Ownership & rights to the home ### When is the customer committed to using Ownify? ### Who owns the home — the customer or Ownify? ## How homes are purchased with Ownify ### Who pays for due diligence, earnest money and closing costs? ### When does the 2% down payment need to be sent to Ownify? ### Can family or friends help with the 2% down payment? ### Can the customer use a loan or credit card for the down payment? ### Where is the 2% down payment held before purchase? ### How quickly can a customer make an offer after viewing a property? ### Who decides what inspections are required? ### Who pays for critical repairs identified in the inspection? ### Is there a cap on due diligence and earnest money? ### Who agrees to the offer that's submitted on the home? ### How quickly can Ownify close once an offer is accepted? ### Can I use my existing inspection and closing vendors? ### What happens to the 2% down payment if Ownify withdraws after inspection? ### Does the seller need to do anything different at the closing table? ### Who signs at the closing table? ### Who negotiates with the seller during the closing process? ### Can a customer purchase a home below their pre-qualified maximum? ## Living in the home with Ownify ### Who is responsible for repairs? ### Who are the local vendors for repairs? ### What's the difference between a repair and a maintenance/improvement? ### When does the customer start paying Ownify? ### Who pays the property taxes? ### Who pays the insurance and what does it cover? ### Who pays HOA fees? ### What happens if the customer stops paying Ownify? ## End of the 5-year term & moving out ### What happens after 5 years with Ownify? ### What if the customer needs to move out early? ### What if the customer wants to buy out Ownify with a mortgage or cash? ### What if home prices fall after the customer moves in? ### What if home prices go up substantially? ### Can the customer renovate the home? ### Can the customer sublet the home? ### What tax forms does Ownify provide? ### Who decides to sell the home if the customer moves out or defaults? ## Keep exploring [ How it works for agents Refer, close, and get paid — the full agent workflow. ](/agents/how-it-works)[ Agent benefits Market commissions, cash offers, and relisting first refusal. ](/agents/benefits)[ Become accredited Join the Ownify Accredited Agent network in about an hour. ](/agents/accreditation)[ How Ownify works The five-year fractional ownership path your clients will take. ](/homebuyers/how-it-works)[ Buyer eligibility Income, credit, and employment criteria in one place. ](/homebuyers/eligibility)[ Affordability calculator Show your client a real monthly payment in seconds. ](/myplan)[ Ownify vs. mortgage Side-by-side at today's interest rates. ](/homebuyers/vs-mortgage)[ Markets we serve Triangle, Front Range, Nashville, and growing. ](/markets)[ Buyer FAQ Send to clients who want the homebuyer version of these answers. ](/homebuyers/faq) ## Ready to write your first Ownify offer? Get accredited, get a dedicated contact, and start closing first-time buyers who would otherwise be stuck renting. [Become an Accredited Agent](/agents/accreditation) [See how it works](/agents/how-it-works) Questions for the agent team: [agents@ownify.com](mailto:agents@ownify.com) ### Homebuyers - [How it works](/homebuyers/how-it-works) - [Are you eligible?](/homebuyers/eligibility) - [Build my plan](/myplan) - [Ownify vs. mortgage](/homebuyers/vs-mortgage) - [Ownify vs. rent-to-own](/how-rent-to-own-works) - [Detailed calculators](/homebuyers/detailed_calculators) - [Ownify Mortgage](/mortgage) ### Investors - [Why invest](/investors) - [Investor FAQ](/investors/faq) - [North Carolina Home Fund](/investors/north-carolina) - [Colorado Home Fund](/investors/colorado-home-fund) - [Become a partner](/investment-partner) ### Agents - [How it works](/agents/how-it-works) - [Agent benefits](/agents/benefits) - [Get accredited](/agents/accreditation) ### Markets - [Colorado](/markets/colorado) - [North Carolina](/markets/north-carolina) - [Tennessee](/markets/tennessee) - [California](/markets/california) - [All markets](/markets) ### Company - [About us](/about) - [Our impact](/research/our-impact) - [Ownify University](/research/ownify-university) - [Reviews](/reviews) - [Blog](/blog) - [Ownify Tools & Tech](/tech) [![Ownify](/assets/ownify-logo-reversed-CShwpfYm.png)](/) [Terms](/legal/terms)[Privacy](/legal/privacy)[Contact](/contact)[Consent Preferences](#)[Do Not Sell or Share My Personal Information](https://app.termly.io/notify/50967156-fd3e-48cb-95dc-98f33b36600a)[Limit the Use Of My Sensitive Personal Information](https://app.termly.io/notify/50967156-fd3e-48cb-95dc-98f33b36600a) © 2026 Ownify, Inc. All rights reserved. Equal Housing Opportunity. Fractional ownership investments are provided by Ownify, Inc., 548 Market Street #25841, San Francisco, CA 94104. Real Estate Brokerage services may be provided by Ownify Real Estate LLC, NCREC C36616. Mortgage broker and loan processing services are offered through Real-Finity Mortgage, LLC, dba Realfinity. NMLS #2445766 and #2723220. Real-Finity Mortgage, LLC is a licensed mortgage brokerage and maintains its corporate headquarters at 929 Alton Road Suite 500, Miami Beach, FL, 33139. ✕ - Hi, I'm Owen. I can build a personalized homeownership plan for you here: https://ownify.com/myplan