Kentwood real estate brokers now offer their clients a solution to be able to buy a new home before they sell their existing home. Most importantly, these buyers can now can sell their existing home at full market value and not have to qualify for an additional bridge loan.
This remarkable innovation, offered by a partner company, was announced at the Kentwood Real Estate all-company sales meeting this week.
How to Make a Non-Contingent Offer
Advance is a tool that allows our clients to prequalify for a loan Prosperity Mortgage, our in-house Kentwood lender. Then, would-be buyers are equipped to make a non-contingent offer that is not subject to the sale of their existing home. So, these buyers will be at a competitive advantage compared to buyers who must offer a home sale contingency. Those offers are just not competitive in the current Denver real estate market.
In this competitive marketplace, Denver homebuyers are facing the probability of competing against multiple offers when trying to buy a home. Nearly always, the offer not contingent upon the sale of the Buyers’ home is the most attractive to the seller. As a result, many buyers have been forced to try to sell their home before they buy. Of course, the problem with doing it that way is that buyers may not see the perfect home after their home sells. Inevitably, these buyers have to make compromises in their dream home in order not to be homeless.
Alternative to Internet Buyers
Internet buyers have tried to fill this void by making an instant cash offer. These are large institutional buyers that offer to purchase homes at a discount from the market value rate. Also, homes that need some degree of fixing up before marketing, do not receive the benefit of a final sales price. This new program allows buyers to stay in their home.
Then they have to option to fix-up their existing home and put it on the market for sale. That way, they receive full market value for their current home.
Kentwood Brokers Offer Discount Though Prosperity Mortgage
This innovative program is available to all Kentwood clients. Of course there is a fee that varies depending on services selected. But, there’s no obligation to receive a full quotation. In addition, clients receive an additional discount fee in-house mortgage company, prosperity. If they prequalify
This Kentwood offered program will be a godsend too many buyers. No longer will they have to sell first take whatever all is on the market when their existing goes home under a purchase contract. Instead, they can start to shop leisurely until they find their ultimate dream home. That way, will still be able to benefit from the full market value of selling on an open market at the market price.
This new Kentwood Real Estate Partner program is available to to all clients of Kentwood Brokers and Prosperity Mortgage. For more information, just fill out the form below.