Acre Homes, a Durham-based company solving the gap between renting and owning, just landed in Charlotte—hear about one resident they already helped purchase her next home in a sought-after Lake Norman community.
How it works: Instead of buying your home at today’s 7% rates, you can use Acre to share in up to 50% of the home’s appreciation without the high transaction costs, debt, and potential downside of a mortgage.
- Acre works with you and your agent to find a home you love. Acre will then make a cash offer on your behalf to purchase the home. You contribute just ~5% of the home’s value, save around $8,000 in up-front closing costs, and share in the appreciation.
- At the end of your initial 3 year term, you can extend, purchase the home outright, transfer your value share to another Acre-certified home, or leave the Acre network by “cashing out” and redeeming your 5% plus your share of appreciation.
For example: Carol M. relocated to Charlotte from Napa for work, and to be closer to her family. She’s new to North Carolina and still isn’t totally sure where she wants to land.
- She found
Acrethrough a relocation specialist, and was skeptical at first. - “It seemed too good to be...