Downsizer allows asset-rich, cash-poor buyers to purchase off-the-plan developments easily using a Downsizer Guarantee. All they need is sufficient equity in their existing home to qualify.
The requirement to prove a minimum of 100% debt cover through presales has long been a hurdle faced by developers.
“97% of all sales our company has achieved over the past 11 years are to downsizers, who are typically asset rich, but cash poor. For this reason, we believe the Downsizer product will be perfect for our downsizing purchasers"
Downsizer instantly obtains a digital valuation on the owned home of each potential buyer, directing eligible leads straight to the developer. Our system also allows for land title verification nationally.
The presales progress of each project stays updated in real time at every stage of the process – ready to update your bank in a click.
Having downsizers as potential buyers is the best segment to target because they are 98% likely to settle the deal. The lower age brackets are less likely to transact, sitting at around 72%.
