New Startup Helps Teachers Afford Homes in the Bay Area

Landed is a startup founded by recent Stanford Grads Alex Lofton and Jonathan Asmis which provides a pool of money from investors to pay for half of a 20 percent down payment in exchange for a 25 percent stake in the future equity of the home. (1)

The startup targets teachers in the area, as well as other members of the Bay Area community looking to purchase a home in this expensive market. The Bay Area’s median home price is currently $755,000, which increased over 8 percent from a year ago. By county, the median home price in San Mateo County is $1.2 million, Alameda county is $755,000, and Santa Clara County is nearly $1 million.

The investors have provided millions of dollars in startup money, and the first group of teachers are expected to have half of their down payment funded this fall. The investors can receive the return on their investment in 7 to 10 years. If the homeowners are not ready to sell, then Landed will help them renegotiate with a new set of investors.

Landed is providing funds for home purchase that used to be provided by various government agencies, which have been discontinued. More information on investing and applying for down payment assistance is available on the landed.com website.

About Anian Tunney

Anian Tunney is an agent broker with The Grubb Company. According to statistics collected by East Bay Regional Data, Inc., she was the 2014 number one real estate agent in Piedmont, CA for the number of units sold and sales volume. In 2014 she was The Grubb Company company-wide top producer. Additionally, Tunney has been number 1 in yearly real estate sales for The Grubb Company’s Piedmont office for the last 8 years. Anian was also ranked 129th in the Nation by REAL Trends the Thousand in July 2015. She is known for her knowledge, experience, and network in the Piedmont community; qualities which are invaluable for finding that special home or buyers for her clients.

A fifth generation Piedmont resident, Tunney has been with the Grubb Company for over 30 years. She raised her family of four in Piedmont and is active in community projects such as the Piedmont Beautification Foundation, the East Bay Museum Auxiliary, and the Piedmont school district. Her grandmother, Amy Sutton, was a real estate agent, and now Anian works with her daughter Adrienne Krumins, making Piedmont Realty truly a family vocation. Tunney negotiates with grace and clarity of purpose. She can be contacted at 510-339-0400 ext 217, and at tunney(at)grubbco(dot)com. Her website is aniantunney.com.

Contact Information

Anian Tunney
The Grubb Company Real Estate Brokers
Oakland, CA 94611
510-339-0400 ext 217
tunney(at)grubbco(dot)com
aniantunney.com
aniantunney.com/blog

(1) http://www.mercurynews.com/bay...