Zimbabwean Businessman, Tawanda Nyambirai has announced a new innovative Housing Project in Ruwa.
I have a once in a lifetime opportunity for those who want to buy a home. The greatest empowerment deal Zimbabwe has ever seen that will revolutionize property ownership. The targeted beneficiaries are my country men and women in the diaspora, local professionals, and the informal sector. A flexible scheme brought to you by TN CyberTech Bank and its partner Lucile Real Estate. We lead and others will certainly follow our example: We have over 100 houses in Ruwa.
They are on title deeds. We are selling them for a Cash Price of $75,000.00. But you don’t have to buy of the house. You can buy 40%, 50%, 60%, 70%, 80%, 90% or 100% of the house on a co- ownership arrangement with the Bank. For the percentage you can afford, the following are the terms: 1. the deposit is 10% of the Cash Price. 2. The interest rate is 18% per annum. 3. You can take occupancy on paying the deposit. If you are in the diaspora, you can immediately rent the house out.
However, you only pay us rent for the percentage that you are not yet buying. For example, if you are buying 50% of the house for now, and if the rent is $500.00, you only pay us $250.00 for our 50%. You can use your $250 to reduce your monthly installment. 4. Once you have paid for your chosen percentage, we can obtain title deeds for you that reflect your share of the property as an undivided share.
As a co- owner, you can sell your share, rent it out, or use it as security for loans. 5. You will have an option to buy us out (our percentage) on agreed credit terms and at an agreed price after the currency chance that was announced. This will help both you and us to transition to the new currency without either of us owing the other thereby eliminating potential disputes over exchange rates. I will follow through with a post on the possible scenarios and possible installments. Feel free to ask questions on this great empowerment deal!!
