Nowadays we are already suffering from the increase in inflation due to the financial crisis and recently the government announced that there will be more increases in interest rates. Thus, the thousands of people who are looking for houses to buy want to know how the Embracon real estate consortium works.

For those who don't know yet, Embracon is a company that manages consortiums that have federal authorization to operate in the field. Today, this administrator already has more than 90 branches throughout Brazil, where it has already covered more than 500 thousand assets, including real estate, cars, motorcycles, services and others. 

Stay on top of how the Embracon real estate consortium works!

First, it is necessary to understand what a consortium is in itself. Well, this is a form of purchase that many people know as programmed purchase, and besides, that's basically how it works.

In summary, the real estate consortium is a group of people who want to buy their property or join for a renovation. In this context, all participants pay a portion of the credit they wish to acquire.

At Embracon, every month a member earns his letter of credit through two forms of contemplation: raffle or bidding. This second form of contemplation happens when the consortium member delivers a value greater than the installment to “buy” his contemplation.

Thus, at the end of the consortium period, all participants earn their money according to what was agreed upon in the contract. So it's important to stick to what was agreed at the beginning of the consortium.

According to official information provided by Embracon, the real estate consortium releases high amounts in letters of credit to buy or renovate a property. In addition, it is also possible to buy land and lots for future construction.

Many people don't know, but consortia are usually much more advantageous compared to traditional financing. This is because while financial institutions increasingly increase the interest on this modality, consortium administrators do not charge any interest. In addition, there are other advantages such as:

With Embracon's real estate consortium, not only can you buy a house, but you can also acquire apartments, land, subdivisions or even funds to renovate them. Thus, this model is characterized as very dynamic and not very bureaucratic, that is, completely contrary to financing. 

In general, the only thing that can prevent you from making a real estate consortium with Embracon is your age. That is, minors under 18 cannot apply for entry into the program, otherwise everyone else can enter. 

One point we need to make clear is that, regardless of the value of the consortium, it is a financially planned person. That's because, with planning, you won't stop paying the installments until the end of the consortium.

Firstly, it is important to decide what type of property you want, as this is the only way to reach an average value to enter the plan. Next, you must plan the time in which you want to pay the consortium, as well as when you can make it available each month. 

With this information well defined, access the Embracon website, fill in your data and perform a simulation. Soon after, the company will contact you and inform you all about the next steps to make your dream of owning a home come true.

Also, for more details on the application process, visit our recommended content below.