Every Canadian deserves the right to own a home
Rishard Rameez, CEO of Zown
How Zown Started
April 2022
When I was 27, I achieved my dream of owning a house. However,
it quickly turned into a financial nightmare. I had to save for
years and take loans from my family to secure a mortgage, but I
found myself struggling with monthly payments. The joy of my new
home was overshadowed by the relentless demands of startup life
and a suffocating mortgage. Just seven months after buying my
home in 2021, I had to sell it. The process was frustrating -
from a deal that fell through to marketing efforts that didn't
make a difference.
The worst part was the standard 5% commission fee that took $60,000 from me. This fee was split between buying and selling agents and used up half of my down payment. I was devastated. I vented on Reddit and found out that my story resonated with over a million people. It was clear that many people struggled with exorbitant real estate fees.
This experience inspired us to create Zown - a fresh take on real estate that cuts out the hefty commission fees. Zown makes the home-buying and selling experience more empowering and cost-effective.
The worst part was the standard 5% commission fee that took $60,000 from me. This fee was split between buying and selling agents and used up half of my down payment. I was devastated. I vented on Reddit and found out that my story resonated with over a million people. It was clear that many people struggled with exorbitant real estate fees.
This experience inspired us to create Zown - a fresh take on real estate that cuts out the hefty commission fees. Zown makes the home-buying and selling experience more empowering and cost-effective.
Reddit to Reality
This experience, which we shared on Reddit, resonated with millions and made us realize the widespread nature of this issue, and it got us thinking: What if there was an alternative?
