April 17, 2020- Chase Bank and Wells Fargo (the nations largest mortgage lender) have placed severe restrictions on all mortgages and HELOCs.
Read more here- https://www.nytimes.com/reuters/2020/04/06/us/06reuters-health-coronavirus-wells-fargo-mortgages.html
Several offerings from our group of associates.
We are not real estate agents and we are not offering a service. Each property displayed here in the gallery is controlled via contract by someone within our group. This provides us equitable interest allowing us to market the property For Sale by Owner. Since we are not a service provider there are no fees passed on to our sellers.
As of April 1, 2020 Jumbo mortgages have essentially disappeared.
However, there are real options I want to introduce that may have a positive impact on you.
Let me begin by saying thanks for taking a minute to check us out.
We are a locally owned investment company and part of a larger national group of like minded investors.
We are leaders in the residential lease purchase sector and specialists in executive type lease PURCHASES.
PURCHASE is highlighted because that is our finish line. We DO NOT PLACE “tenants only” in our properties.
We only work with “Tenant Buyers” who move in 100% committed to ultimately owning the home.
Additionally, I am a coach and leader within our group.
I have invited you here today to discuss how this may positively affect you.
Before I go any further, if your house is currently under contract with a real estate agent, please file this knowledge away in the event the traditional market fails your situation.
How could a partnership with us benefit you?
It may or may not surprise you to know that a significant majority of the population cannot get a mortgage today (PRE-Virus.)
High end homes always see their market change before the rest of the market.
After the LAST mortgage mess (2007-2008) Jumbo mortgage availability (required to buy houses in this price range) was drastically reduced.
- April 9, 2020 UPDATE: Demand for jumbo mortgages has dried up as investors turn to mortgage bonds for government-backed loans where “they’re assured of receiving payments even if large numbers of borrowers are in forbearance,” says Greg McBride, CFA, Bankrate chief financial analyst. “Most mortgages get made by lenders who then sell it to someone else,” he says. “If there is no willing buyer, lenders will stop closing loans so as not to be stuck holding the bag.”
What does any of this have to do with your house?
Generally speaking we deal with buyers who are on the cusp of getting a mortgage.
With properties over $750,000 that generally equates to self-employed buyers (with at least good credit) who have been creative on their tax returns.
What they typically need is time to prove, with updated tax returns, they have the income required to purchase a house in this price range.
Why not FSBO or real estate agent?
They aren’t looking at your property with a traditional agent. They are ESSENTIALLY locked out of the market because they don’t have a pre-approval letter.
That’s where we come in. Our expertise is in building bridges to help them buy homes.
In the simplest terms; once we determine your desired price, we will flood the market but specifically target our market segment.
A segment you and your agent DO NOT HAVE ACCESS to.
After we acquire several “high quality” candidates; together we will determine the best fit based on a variety of factors.
We thoroughly and exhaustively screen our tenant buyers and pride ourselves on our buyer track record. Our only goal is to ensure our buyers successfully cross the finish line.
If you’d like to discuss how we can help you feel free to give us a call at 704.529.9281 or
complete the form below and we’ll get back to you ASAP.
Thank you so much for the privilege of your time today.