The real estate consortium is nothing more than a great credit alternative oriented to those people looking to purchase their home in installments and well planned.
For this reason and much more, understanding the functioning of the real estate consortium is an important step to be completed by you!
This knowledge will certainly help you to simplify the success of buying your own home or significantly improving your current home. And that’s exactly what we want, don’t you agree?
Today, we have prepared a content full of really relevant and aggregating information on this subject. Prepared? So, come with us and have a good read!
What is the real estate trust?
Since its creation in the 1960s, the consortium emerged as just an option to the numerous limitations of large loans and financing granted by famous banks.
Over the years, the old consortium model was updated and started to act also in the acquisition of different types of property, covering the beloved properties.
But, the whole concept remained the same: through consortium administrators, numerous people with the same interest are brought together.
Some plans are offered, with different installments, deadlines for making payments and values of the letter of credit. With that, it is necessary for you to decide what best fits your reality.
The amount contemplated in the common fund of the group gathered is used to carry out the contemplations of the members, which can occur at any time during the total term of the group, which may be by drawings or bids.
What are the costs of this alternative?
One of the strong benefits of the consortium is that it does not need to bear exorbitant interest rates, as is usually the case with other types of installment purchases.
There are only a few small fees for this model, which are super affordable and won’t give you any headaches. Check out:
Common Fund (FC)
The FC is summarized as the percentage of the portion that aggregates the cash of the set of people to be used to fund each letter of credit.
The price of the Common Fund must be similar to the value calculated for the purchase divided by the number of shares chosen in the contract of adhesion to the real estate consortium.
Administration Fee (TA)
On the other hand, the Administration Fee (TA) is nothing more than the price asked by the consortium administrator for the management of the group of people who were brought together for the same purpose.
This cost varies according to the policies of each of the existing administrators, and the amount included in the installments calculated according to the simple division of the total fee by the duration of the consortium made.
Reserve Fund (FR)
The FR, also included in the installments paid by the consortium, is intended to create a cash flow capable of covering costs in situations of complications, which have the potential to affect the cost of letters of credit.
Without this cost, unforeseen defaults by members of the consortium group can completely stop the plan administrator’s activities.
And, how to carry out a real estate consortium?
Joining a consortium will really be a very simple task!
The first step to be taken is the search for an administrator who truly gives you confidence and has fully customized solutions for your financial planning.
And, in this, Agiliza can help you.
Keep fresh in your mind the ideal value for you to acquire the real estate consortium and only define your plan when you have clear the prices and terms of your installments, so it will be easy to achieve your goal.
Get in touch with Agiliza right now and get to know all the real estate consortium plans that are perfect for your dream!