Unison is a fractional home ownership service that helps owners access the equity in their home through an investment rather than a loan.
An owner will request an estimate based on their home, and Unison will provide an initial quote. Unison will then schedule an appraisal and prepare a final investment offer. The owner can then accept and use the funds for the requested purposes.
According to most sources, Unison charges a service fee around ~3% of the investment size. It then will collect additional fees equal to its equity in the home at the end of the 30-year term, when the home is sold, or when the owner refinances. Unison also charges any transaction-related fees and settlement costs it incurs on any closed transaction.
Unison makes money by investing alongside an owner and generating revenue from appreciation in the home sale value. Unison also makes money from service fees related the investment.
Unison is privately held.
Unison reduced headcount by roughly 50% in April 2020 in response to the Covid-19 pandemic.