September 29, 2022 at 12:43pm | Laurie Scherer

A few great programs that can make you a competitive financed buyer.

We have some amazing news to share about your financing options! You might’ve thought that everyone is paying in cash to get their offer accepted, but that’s just not true. Lots of buyers are using financing, and not the traditional type. Today we’ll give you all the information you’ll need to know about this creative and proactive approach to lending.

First, we want to share a short story. We were working with a client in New Jersey who had to move to Florida. They needed to sell their home in just three weeks, so we connected them with a lender who tapped into their home’s equity and let them buy a property down here. They used something called a bridge program which lets people pull equity out of their home and buy a new one using that money. They also don’t need to make any payments until they close on their old house. Not every lender offers a program like this, but our referrals do!

"We have lots of tools to help you compete with cash offers."

This program is great for both the buyer and the seller. In fact, we often suggest it to our buyers because it makes the process so much easier. We can get the inspection and the appraisal done within five days and offer a 35-day post-occupancy agreement to the seller. That allows them to stay in their home after they get the money from the sale. Sellers don’t need to just accept cash offers—competitive offers with a quick turnaround time can be just as appealing, if not more.

In addition, we have one other program to share with you that you can qualify for based on your occupation. The Hometown Heroes Program can give you up to $25,000 to use as a down payment. There is a lot of nuance to who qualifies, but if you know anyone who may be able to benefit from it, we’d be happy to help.

The bottom line is we have lots of tools to help people make a competitive offer, even if they can’t afford to pay in cash. Call or email us if you’d like to know more about how these programs can help you.



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