How does Urbyo work?
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Urbyo was created in 2021 to simplify and expedite the process of buying real estate. The founders recognized that property acquisition was often time-consuming and complicated, discouraging potential investors due to limited access to crucial information and services. Urbyo aims to address these issues by providing a one-stop platform for real estate transactions, offering vetted investment properties, financing options, and assistance with notary appointments and German bureaucracy. This convenience is made possible through a fully digital platform and a dedicated team of experts.
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Here is a concise summary of Urbyo's 5-step process:
Finding the Property: All listed properties undergo verification, ensuring transparency and reducing the risk of scams. Urbyo provides comprehensive property information, including multimedia content and essential data for informed decisions.
Making a Reservation: Interested buyers can make offers and submit reservation requests. Eligibility for financing is checked through a brief form. If approved, the reservation is forwarded to the seller.
Financing: After the seller accepts the reservation, the financing process begins. Urbyo evaluates your profile with over 400 financial institutions to secure the best mortgage deal. They also handle communication with the bank on your behalf.
Purchase Contract: In Germany, a notary serves as a neutral party to protect both parties and draft a fair contract. Urbyo can assist in finding a suitable notary if needed.
Notary Appointment for Deed Signing: Buyers can attend the notary appointment themselves or choose Urbyo's representation to ensure a smooth process.
Importantly, all these steps are free of charge for buyers, with Urbyo earning commissions from banks and sellers. They streamline the application process by providing prepared documents to the bank, saving time and money.
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