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Learn How Relayy Works
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What is Relayy?Relayy is a technology-driven platform revolutionizing homeownership by offering an innovative equity sharing model that makes owning a home more accessible, affordable, and flexible.
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How does Relayy work?Relayy allows users to browse, select, and make offers on homes entirely through our app. We negotiate the best all-cash purchase prices for users and provide flexible payment options tailored to their needs.
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Who can use Relayy?Relayy is available to anyone interested in purchasing a home or investing in real estate. Whether you're a first-time homebuyer or an experienced investor, Relayy offers solutions to meet your needs.
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Is Relayy available nationwide?Relayy is currently available in select regions, with plans to expand nationwide.
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How do I get started with Relayy?To get started with Relayy, simply fill out and submit our free home application on the site or app.
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How does homeownership work with Relayy?Relayy's equity-sharing model allows users to own their home and instead of being financed with a loan by a bank or mortgage lender, a portion of the equity and appreciation is owned by investors in our backend financial product. The exact percentage of equity ownership and appreciation is determined by the down payment and monthly payment users select when buying a home, but we aim to always be more affordable than an equivalent mortgage.
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What types of properties can I purchase with Relayy?Relayy works with a variety of property types, including single-family homes, condos, and townhouses.
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How are purchase offers negotiated through Relayy?You select a specific amount you'd like to offer or a range you're comfortable with for the home you select and Relayy negotiates all-cash purchase prices on behalf of users, ensuring the best possible deal for each transaction.
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Can I use Relayy to refinance my current home?Yes! Instead of a traditional refinance, relayy would purchase your home in all-cash and you would have access to a large portion of the equity you’ve built in your home.
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What are the benefits of using Relayy over traditional homeownership methods?Relayy offers a more affordable and flexible alternative to traditional homeownership, with lower monthly payments and simplified purchase processes.
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How are monthly payments calculated with Relayy?Monthly payments to Relayy are calculated based on factors such as the purchase price of the home, the percentage of ownership, the down payment amount, the monthly payment selected by users and any additional fees.
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Can I make additional payments towards my home equity?Yes, users can make additional payments towards their home equity to accelerate the payoff process and increase their ownership percentage.
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What if I miss a monthly payment?If a user misses a monthly payment, there is a 30-day grace period. If you fail to reconcile the balance within 30 days, Relayy may assess late fees, use a portion of your home equity to satisfy the balance, or take other actions to address the missed payment.
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How does Relayy determine the purchase price of homes?Relayy negotiates all-cash purchase prices on behalf of users, taking into account factors such as market conditions, property condition, and location.
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Can I sell my home purchased through relayy?Yes, users can sell their home purchased through relayy at any time, subject to any applicable fees or restrictions.
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Are there any tax implications associated with using Relayy?Users should consult with a tax advisor to understand the tax implications of using Relayy, as they may vary depending on individual circumstances and local tax laws.
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Is Relayy available on mobile devices?Yes, Relayy is available as a downloadable web app and will be available on both iOS and Android app stores in the near future.
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What technology does Relayy use to secure user data?Relayy uses industry-standard encryption and security measures to protect user data and ensure privacy.
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How does Relayy ensure the accuracy of property information?Relayy works with trusted partners and sources to ensure the accuracy of property information, including property listings and valuation data.
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Can I access my Relayy account from multiple devices?Yes, users can access their relayy account from multiple devices by logging in with their username and password.
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How does Relayy handle customer support inquiries?Relayy offers customer support via email, phone, and live chat, with dedicated support staff available to assist users with any questions or concerns.
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Can I invest in Relayy?Investors can participate in Relayy by investing in one of the company’s financing rounds or by investing in the Relayy Token, Relayy's backend home financial product. For any investor inquiries, please email invest@relayy.ai
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