Garantify wants to simplify the renting and purchasing process

April 15, 2019
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This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Finding a house to buy or rent is an arduous task that takes an expenditure of money, time and patience. To avoid such situations, ideas and companies have sprung up with the mission of making this context easier. One of them is Garantify.

Garantify, pioneering worldwide, was launched in 2017 and is a certifier of financial profiles of people, made through a rigorous 'scoring' and that is granted for the purchase or rental of a home.

The idea arose from a past need of the current CEO of the firm, Sergio Gonzálvez. At the time of going to make the lease of a house, saw the hoops one had to jump through and the many financial dossiers that must be done to get access to rent.

How does it work?

It is the first solvency certificate issued by an independent entity. There document is provided prior to the visits of the properties and is complemented by a non-payment insurance. Both the certificate and insurance can be purchased online.

"The future tenant or buyer accesses Garantify, provides the requested documentation and answers some questions. After verifying the veracity of the information and documentation received, the certificate is granted," explains Sergio Gonzálvez, CEO of the company.

With the sole solvency certificate, the real estate agency reduces costs and increases its productivity, since it performs a filter of insolvent candidates before making visits. Another great advantage provided by Garantify is the loyalty of the owners' portfolio. In the same way, the certificate is pre-granted with a non-payment insurance through Allianz, which can be contracted online from the same agency during the signing of the contract.

In the event that the owner wishes to contract Allianz insurance, the premium varies depending on the number of months that he wishes to protect against default and that they go in forks of 3, 6, 9 or 12 months, where in each case besides the protection of the non-payment is included the damages produced in the housing and the legal expenses for the liberation of the housing.

In this way, the certificate brings benefits to the three parties involved. Gonzálvez summarizes them like this:

  • The future tenant or buyer achieves in a single dossier, access to the different real estate agencies (currently we have 1547 agencies throughout the national territory) with satisfaction.
  • The agency avoids sterile trips with clients who may not be able to access the home intended for their adjusted scoring and at the same time avoid administrative and tedious costs of dossiers.
  • The owner (in the case of the rent) knows that he has a solvent tenant and with sufficient payment capacity, being able to also contract the corresponding non-payment policy.

Rent for 20 and buy for 60 euros

Garantify has a unique cost for the client of 20 euros to obtain Garantify Rent (rent) and 60 euros for Garantify Mortgage (purchase). For its part, the price of contracting the insurance of defaults only varies by time and the amount of the fee to be insured.

A future certified

Regarding its future, the company says that since its inception it has been very well received and the coming times are better.

"We have a preliminary agreement with FNAIM (National Federation of Real Estate Agents in France), with more than 42,000 agents, and we plan to seal in the coming months. In addition, we are closing agreements with real estate portals to include the certificate in the information request form by the future buyer or tenant. This will strengthen the contact between the parties involved and speed up the process," says Gonzálvez.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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April 15, 2019

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