Equity is the difference between a property's current market value and any outstanding debt owed on it — in simple terms, it's the portion of the home you truly own.
Equity grows in two ways: as you pay down any mortgage and as the property appreciates in value. In co-ownership, each owner builds equity proportional to their share. This is one of the biggest advantages co-ownership has over renting a vacation home or buying a timeshare, where you typically build no equity at all.
GoForth, a luxury co-ownership company, gives each of its four co-owners a true 1/4-interest of equity in a real property. As the home appreciates over time, so does each owner's stake. Combined with GoForth's exit guarantee, owners have a clear path to realizing their equity gains when they're ready to sell — unlike timeshares or vacation clubs where your money simply disappears.