Each listing on Vesta Equity’s marketplace is unique and the same property can have multiple unique listings. For example, a homeowner can offer some equity with a buyback option that they intend to repurchase but can list additional equity without a buyback option. As an investor it is up to you to decide what you feel will provide the better return based on your investment goals.
A listing can be modified entirely before equity has been purchased from it. Once equity has been purchased the terms of the listing cannot be changed. This preserves the integrity of deals made on that listing. Any unsold equity on the listing can be removed at the homeowner’s discretion. Future listings could reflect any appreciation or upgrades made to the residence.
Vesta Equity’s negotiation tool creates a setting where homeowners and investors can negotiate directly with each other. There are no limits to the number of times a counter-offer can be made and you can adjust any setting for the term fields that are available even if the counterparty changes them on their counter-offer. For example, if you offered $20,000 for 10% of the equity available and the counterparty counters with $20,000 for 8%, you can make the same original offer at $20,000 for 10% to convey your position. If either party does not think a deal can be made then they have the option to end the negotiation by rejecting it.
No, offers are final once accepted and approved by Vesta Equity. At that point, assets are exchanged and funds held in an investor’s escrow wallet are immediately transferred to the homeowner’s wallet. The investor is issued tokens representing their share of the equity held in the property.