For many people, buying a home is no longer just a dream thanksto the consortium. This is one of the most practical options for acquiring property for those who want to get out of rent and have no way of giving an entry fee. The sport has increasingly gained the head of Brazilians becauseof its facilities. According to the Brazilian Associationof Consortium Administrators (Abac), the number of members to the real estateconsortium grew 18% compared to the first quarter of last year. Sky Marketing strives to bePakistan's biggest real estate developer ever, guaranteeing the highest But what is so advantageous about making a homeconsortium? Check it out below: 1. No interest charges This is one of the great differentials of the real estateconsortium. Interest is usually charged on credit terms in which the bank lends money or when the customer delays payment. In the case of the consortium, the letters of credit are paid for by the partners themselves and not by the bank. Therefore, there is no interest charge in the real estate consortium. Ah, just don't confuse interest with administration fee, which is the amount charged by the consortium administrator to manage the agreements, letters of credit, sweepstakes, etc. 2. No entry This is another characteristic that makes the consortium one ofthe best options, as having a large amount to provide input often discourages anyone who wants to buy a property. After all, our dream of buying our own home does not always come with the moment when we have a large amount for the entry. 3. Monthly fees that fit in your pocket With a long-term planning model, it enables lower costplots. This makes it easier to pay the installments, doesn't it? 4. No surprises When hiring the home consortium you know exactly how much youwill pay until the end, with no surprises of built-in interest or other products that come up halfway. 5. To use in different ways With your letter of credit, you can buy new or used, residentialor commercial property, and even renovate or purchase land. 6. Variety of credit There are several plans to choose from, so that you can find theone that best suits your profile. The letter of credit can be in the final value of the property or part of the value. This diversity allows you to plan according to your budget 7. More flexibility Customer analysis is usually faster and more flexible thanbuying other real estate models, making it easier for self-employed professionals who have no fixed income and people with credit restrictions. 8. Less bureaucracy With a more flexible analysis and a more comfortable paymentmodel, the home consortium has less bureaucracy and, consequently, more agility. 9. Use FGTS to advance your purchase You can use the FGTS to bid, amortize or settle theinstallments. Thus, you are able to anticipate your letter of credit. 10. Investment for the future In addition to a great way to buy a property, the consortium isalso a safe investment for your future. In fact, in recent years it has been a great competition for private pension, because with the profitability of the rent you cover the portion of the consortium and still earn an extra income. What to observe when hiring? The real estate consortium is a good option for those who wantto have a home to call their own. But you need to be aware of the conditions when hiring to avoid having a headache later, like these: Make a secure deal! Before closing any agreement, make sure that the consortiumadministrator is registered with the Central Bank. Also research the company's reputation and look for references. The real estate consortium is long-term planning, so it is imperative that you are with someone you can trust. Stay tuned to the terms With the contract in hand, read the document carefully and clearall your doubts before signing. Also, do not pay anything without a formal contract between the parties. Just make commitments that you can afford Also check if the conditions offered fit your profile, analyzingthe rates, requested amount, payment term and ways of contemplating the letter of credit. It is important to remember that you must continue paying the installments even after you have won. Watch out for scams! Unfortunately, there are many people who try to use someoneelse's dream to commit crimes. Always be wary of very tempting offers, especially when they come with prepayment requests. Some scammers even use large websites to offer consortium letters of credit already contemplated. The sale of the letter is even legalized, however it is necessary to pay attention to the suitability of the seller. Some consortia, such as Banco Inter, do not mediate this type of sale.