Enter your address and answer a few questions. The process is free and takes less than 90 seconds.
You provide us with basic information about your home and your household finances.To be eligible, you’ll need to retain at least 20% of the equity in your home after our investment. We can instantly give you pre-approval or denial based on the information you provide.
We make a provisional offer to purchase a fraction of your home. The offer is based on the value of your home today.
If pre-approved, we provide a provisional offer based on the data you provide. The offer is typically for between 5% and 10% of your home’s current value. We'll ask you to complete a full application (takes 30 mins) and provide documentation for our underwriting team. If possible, we will improve on our pre-approval offer.
Pick a time for a licensed appraiser to visit you. This ensures the price is correct by checking the place out — no cleaning necessary! :)
We will schedule time for a home valuation visit. The appraiser will visit and inspect your home. We will share the appraiser's report with you once it's complete. The appraiser's value is an important component of the final offer. This costs us money so we need to make sure you are serious before scheduling the appraisal.
We can send the money fast, often within 1 day of closing
We finalize the offer following the appraisal and receipt of all supporting application documents. You will meet with a notary to sign the Homeowner Agreement. We'll file a Deed of Trust and Memorandum of Option on your property in your county recorder's office. Once the filings have been confirmed, we transfer the offer funds (less the escrow fee) electronically to your bank account.
We get paid when you i) sell your home, or ii) at the end of the term, or iii) during the term, when you choose to buy back. Regardless of the timing, there's never any early buyback penalty.
If you sell your home within the term then Fibo Equity is automatically paid from escrow. If you don't sell, you can buy back our stake at any time during the term at the then current appraised property value. We get paid a fraction of the home’s value. If the home has declined significantly in value, we may be due less than our original investment.