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Cher

Cher

First platform matching users based on personality and financials to co-own their first home or investment property to build equity.

This company and others may be fundraising.

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Company Overview

Created with the new generation of homebuyers in mind - Cher is the first of its kind. Unaffordable housing is an epidemic, bringing people together through co-living in hopes of maintaining some quality of life. Cher seeks to transcend the rising rental prices and make home ownership a possibility for everyone. We do this through our online platform, which serves as a resource for prospective homeowners and as a network for those who seek to find a co-owner (an option that many people don’t think about).

Our platform makes it possible for those who already have a co-owner in mind to proceed with the home buying process online and risk-free. For those who are interested in co-ownership, but do not already have other people in mind, we provide a qualified network of other prospective home buyers that they may match with.

Our algorithm allows users to find a co- borrower based on a mutual financial and like-minded understanding. The best part is, when users want to opt out of co-owning, we provide them with a range of opt out solutions to cash out on their equity - making co-owning the financially intelligent and better solution to renting. At the end of the day, Cher’s number one goal is to make home-ownership accessible through co-ownership.

Pitch Deck

Traction

  • 2,500 emails signed up to use Cher.

    February, 2019
  • Cher software is 25% developed

    January, 2019
  • Beta version begins development

    December, 2018
  • Minimum Viable Product developed and tested with over 100 users across targeted cities. Overall score was 9.2 out of 10.

    December, 2018

Testimonials

Charlie Hulka
Charlie Hulka
User
"Real estate/buying has a lot of complexities and this tool could help individuals make better decisions when buying a home. - Charlie Hulka, Seattle WA"
Rachel Band
Rachel Band
User
"I am currently not in a financial situation where I can afford a home but I hate wasting money on rent. It's like throwing my hard earned money away. Cher would help me become more financially independent. - Rachel Band, Los Angeles CA"
Andy Mathews
Andy Mathews
User
"Because it reflects the current economy of buyers vs marketplace. In order for most single individuals to own/rent a property in a city we often have to make roommates in order to mitigate costs. As we know, friends don't always make the best roommates rather than someone who has their finances in check. This provides that network and it also takes the headache out of figuring out what co-ownership entails and the legalities involved. -Andy Mathews, Seattle WA"
Nicole Perrault
Nicole Perrault
User
"Forward thinking and adds value to the whole process and makes it easier and understandable - Nicole Perrault, Orange County CA"
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