Far too many people are locked out of owning today. So, we've made it our mission to provide aspiring homeowners with a flexible and attainable way to become an owner.Get started
Far too many people have given up on the idea of homeownership. Key removes the two main barriers to entry; a large down payment and committing to a mortgage. Plus, we reduce the stress and friction involved in the typical home buying process.Get started
It couldn't be simpler to become a co-owner with Key.Get started
You co-own the home you live in and no longer need to worry about a landlord knocking on the door and giving you 60 days' notice. If you decide to move, you can do so with only 75 days' notice. When you move (any time after the first year), you'll get all your investments back plus your portion of how the value of the home changed while you lived there. If you need to move in your first year, depending on where you are living there's a 5-10% penalty, so it's best to know you want to live in the home for at least one year before you become an Owner-Resident. Key's innovative model saves the hassles and many of the typical costs involved with buying and selling traditional real estate.
For Key homes that are pre-construction condos, there will be an interim occupancy period where you lease your home for a year. You become a full fledged Owner-Resident once you sign the Owner-Resident Agreement at the end of this transition period. The good news is you will still be building home equity during this lease period, as long as you become an Owner-Resident at the end of your lease.
As an Owner-Resident, you are the only co-owner living in the home. You co-own alongside Key’s investors or property owners. This provides an opportunity for you to build equity in the real estate market years sooner.
Each building will have a different initial contribution starting from 2.5% of the home’s value to become an Owner-Resident. You can find this information on each of the home listings so you’ll know exactly what’s required. So, if you're interested in living in a home valued at $600,000, your initial 2.5% equity investment would be $15,000. If the home is $500,000, your initial investment would be even less ($12,500). And you don't need to commit to a mortgage.