Here’s how our Buy Before You Sell program helps our clients off the fence.
Today I wanted to talk about how we set up the Dare Buy Before You Sell Program, which lets our clients move out quicker, find a home faster, and only move once. We partnered with a private company. It really helped our clients who were on the fence because they either thought they couldn’t compete in the market or wanted to make sure they didn’t have to move twice.
Through this program, the company buys their new home with all cash. This removes financing contingencies, home sale contingencies, and appraisal contingencies. Cash offers also have a four times better chance to win in this market. This makes the offer super competitive, and we’ve found it is particularly good for new-build homes.
“It's a great program that removes a lot of ‘what ifs' and the need to move three times.”
How it works is the client has to be approved by them first, then we take them to the home they like, make an offer, and get it accepted. Then, we prepare their old home to list and put it on the market after the company closes on the new home. The client then moves into the new home, sells their listing, and buys the new home back from the private company using their mortgage company (or using our private company themselves since they’re a mortgage company.)
The catch is a convenience fee of 1.9% of the new home’s price, but if the client goes with the private company for their mortgage, they’ll knock 0.5% off of that fee
I know that’s a lot of information, but if you have any questions, or if you’d like to know how we partnered with this private company, shoot me an email or call me. I look forward to hearing from you.
