Skip to content
Ourboro logo
  • Our Model
    • How It Works
    • See the Math
    • What’s the Catch
    • Calculator: Buy Now or Later
  • About Us
    • Our People
    • Our Regions
    • Press
  • Referral Partners
  • Resources
    • FAQ
    • Blog
    • Glossary
    • Take Our Quiz
    • Homebuying Info Session
Menu
  • Our Model
    • How It Works
    • See the Math
    • What’s the Catch
    • Calculator: Buy Now or Later
  • About Us
    • Our People
    • Our Regions
    • Press
  • Referral Partners
  • Resources
    • FAQ
    • Blog
    • Glossary
    • Take Our Quiz
    • Homebuying Info Session
Get Started

Get in touch

Back to glossary

What is a Selling Bonus?

When selling a property co-owned with Ourboro, closing costs are generally the co-owner’s responsibility. However, the Selling Bonus is an exception. If the property has experienced a year-over-year appreciation of 7% or greater, Ourboro will cover a portion of the closing costs at sale as a bonus to the co-owner. 

Why is this term important?

A Selling Bonus is important as it provides Ourboro co-owners incentive to preserve and maximize resale value in their properties, while also providing Ourboro an opportunity to share exceptional investment returns with co-owners beyond the standard equity split. 

This is an added benefit of professional co-ownership, as this bonus would likely not be built into a co-ownership agreement between two, or more, individuals.

Here is an example:

Let’s say we co-buy a home for $1,000,000, and we each have a 50% beneficial interest in the property. Five years later you sell the home for $1,450,000. In this case, the home has appreciated more than 7% year-over-year, so Ourboro may provide a Selling Bonus up to 50% of your closing costs. 

Related Terms

Co-ownership
Co-ownership Agreement
Professional Co-ownership
Beneficial interest

Related Resources

How It Works

As your co-investor, we purchase a share in the future…
Read More

Share

Share in the ownership of your home, without having to share the remote.

Get Started
Get in Touch

Join our mailing list.

Not ready to buy a home but want to stay in the loop about Ourboro and co-ownership? Sign up for our newsletter to be the first to hear all of our latest updates.
We promise we won’t send you spam and you can unsubscribe at any time.
  • Get Started
  • Contact Us
  • Careers
  • Privacy Policy
  • Terms of Service
  • Partner Login
  • Homebuyer Login
Instagram Facebook Twitter Linkedin Youtube Tiktok Pinterest

© 2023 Ourboro Inc.

Have a question or some feedback for our team?

Send us a quick note and we’ll be in touch as soon as we can.

Not ready to get started with Ourboro?

Get a crash course on co-ownership, and stay in the loop with Ourboro, by joining our mailing list.

We promise we won’t send you spam and you can unsubscribe at any time.

Be rent-free in 2023. Co-own with Ourboro.
Get in Touch