Nes.City offers a fractional real estate ownership model that allows homeowners to sell or leverage portions of their property, enabling them to maintain ownership while providing liquidity and financial support to first-time homebuyers. This approach addresses wealth inequality by facilitating community investment in real estate, allowing individuals to own as little as 1% of a home and participate in a shared growth opportunity.
Funding
Funding not disclosed
Founders
Product
Problem
Many individuals lack sufficient capital to purchase a home outright, while existing homeowners may struggle to access the equity in their properties without selling or taking on debt. This creates barriers to homeownership and limits financial flexibility for current homeowners. Wealth inequality is further exacerbated by limited access to real estate investment opportunities.
Solution
Nes.City offers a fractional real estate ownership platform that enables individuals to invest in homes for as little as 1% ownership. This allows first-time homebuyers to enter the market with smaller investments and provides existing homeowners with a way to leverage their home equity without fully relinquishing ownership. The platform aims to democratize real estate investment, fostering community wealth-building and addressing wealth inequality by providing broader access to property ownership. Homeowners can sell a portion of their home equity to investors, gaining liquidity while retaining a stake in their property.
Target Audience
The primary target audience includes first-time homebuyers seeking affordable entry into the real estate market and existing homeowners looking to leverage their home equity for liquidity.
Features
- Fractional ownership model allowing investment in homes starting from 1%
- Platform for homeowners to leverage equity without selling their entire property
- Dashboard to analyze returns, plan investments, and collaborate with other investors
- Focus on facilitating first-time homeownership through fractional investment
- Emphasis on community wealth building and addressing wealth inequality
- Long-term leasing options to share the growth of wealth