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Updated over 4 years ago,

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Spencer Arntsen
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New purchasing model - would you do this?

Spencer Arntsen
Posted

I came across Zerodown recently.  Essentially, you find a home - they buy it and lease it to you with an agreed upon price.  It allows you to try something out and lock it in before you might be ready to buy.  They split realtor fees when they purchase it for you and again when they sell it to you.  The price they sell it at increases 3% per year.  The monthly lease price might also include some upside.  Currently, there is nobody doing this in Utah that I am aware of.  I would like to find others similarly interested in this idea to explore the potential of putting that together in this area.