With the ability and flexibility to purchase and sell pieces of a property, more of your clients are in the market, which means more deals for you.
Let us start by saying this: We do not want you to quit your day job. If you are a licensed realtor, by all means, stay at your current brokerage and continue to do what you do best.
Advantages for Realtors
Finding buyers for otherhome properties is WAY more flexible than primary home purchases.
For a primary home, you need to find purchasers who can afford 100% of a property; a far greater challenge in the recent market.
otherhome provides MUCH more flexible options, with purchasers only needing to be able to afford a minimum of 1/8 of the home.
otherhome provides your clients with affordability, allowing them to purchase only the pieces they will use or sell what they don't use. They spend efficiently, and you have more qualified clients.
otherhome is your opportunity to work with your clients to buy and sell their properties in a way you’ve never experienced before.
If you become an otherhome member, you will find that all sales and purchases of otherhome properties will provide you with more income potential by helping you reach a much larger demographic of qualified clients.
In otherhome transactions, clients don’t need to buy or sell the entire property; they can optimize by purchasing or selling any size piece from 1/8 – 8/8, or you can help them put together an othercircle (with their families, friends and colleagues) so vacation home ownership is attainable for everyone within their group.
Many of your clients who are priced out of the expensive market, filled with what seems like never-ending red tape, will now be in the market at as low as 1/8 the price.
Since group transactions are encouraged and make sense, your clients will refer their friends and family to you.
Stand apart from other realtors by offering your market new sources of investment and revenue.
You will earn more income from this business model as opposed to just selling or buying one home for a client every 5-10 years.
othercircle – an additional advantage for Realtors
Imagine you have 8 clients, none of whom can purchase a luxury vacation property. You have TWO ways to earn revenue from them that you could never have done before.
Ask each of those 8 clients who they know. 2 or 3 of them may have a strong network, and will each assemble an othercircle that includes their family, friends and/or colleagues. Now, you’re earning commissions on 2-3 NEW properties, AND you’ve expanded your client network to include these additional othercircle members.
If your clients can’t assemble an othercircle, you assemble an othercircle of your own – introduce each of your 8 clients to the same property, and each of them purchases 1/8th. Now, your 8 clients will purchase a property together, and you earn commission you wouldn’t have earned before.
Case Study: 5 Weeks
Imagine you have a client with 5 weeks of vacation time per year and a $200,000 budget for a vacation home, they have 2 choices:
100% of a lower-end $200,000 cottage
They can only use 5 weeks a year. It will sit empty the rest of the time, and they will be responsible for all taxes, expenses, management and upkeep. And your clients will be locked into this single home, even if they start getting bored with it.
Buy 1/8 of a $1.6 million cottage
They can use 6 weeks a year, it will be managed by otherhome, and all taxes, maintenance and expenses will be split amongst all owners. Your clients can rent their unused weeks for income, or exchange their unused weeks at this home for vacations around the world through the THIRDHOME network; the ultimate freedom to travel and live their best lives.
Choice 2, buying with otherhome, means your clients optimize their spend – they enjoy a higher end home, and only pay for what they will use!
Most importantly: Your clients will own 100% of the property. otherhome is simply compensated with small monthly management fees paid by owners along with 2 weeks annually of unused time (plus 2 annual maintenance weeks).
An investment opportunity for ALL real estate investors
otherhome is also a great option for your clients who have saved decent down payments and cannot qualify for a principal residence, but want to start building equity in real estate. They can also take advantage of short-term rentals and exchange opportunities.
Your clients who own vacation homes will benefit by selling pieces
These clients are currently locked into a property they can’t possibly be optimizing. They are leaving it vacant, they are tethered to only the one property they can visit, and they have no options… until you tell them about otherhome.
You will benefit from our deal structure
Another game changing difference with otherhome is NO MORTGAGES. CASH DEALS ONLY. This provides far less risk for owners and protection from any market volatility.
Expand your client base
For an otherhome vacation home, buyers and sellers have MUCH more flexible options, buyers only need to be able to afford a minimum of 1/8 of the home, and sellers don't need to sell their entire property that they still enjoy.
More organic referrals
What's even better? One client can become MULTIPLE clients in your contact list if you help them develop an othercircle. Primary homes don’t allow family, friends or colleagues to come together and purchase a property. otherhome does.