Need to Sell Your Home Before Building A Custom Home? We Can Help With ThatApril 19th, 2021 | by nfleming | Posted in General | #Custom build, #north house, #purchase guarantee program, #r. fleming, #sell, #sell your home
BUILDING YOUR NEW HOME IS ONE OF THE BIGGEST DECISIONS A FAMILY CAN MAKE – AND ONCE YOU DECIDE TO START THE PROCESS, THE BIGGEST FINANCIAL HURDLE TO CLEAR IS SECURING A HOME LOAN.
If you’re planning to expand into a new home and already have a mortgage, chances are your lender will require that your first home is sold before they’ll sign off on giving you the funds to pursue the next home. This is a common stipulation in the home-buying process, but it raises another question: when’s the right time to sell, and how long will you have to wait?
If you’re in this position, we’re here to tell you that you don’t have to worry. Now, we can offer you some peace of mind, through a new program we’re rolling out this spring. With our Purchase Guarantee Program, we’ll sign a purchase agreement for your house up front, and if you can’t sell your home during the building process, we’ll buy it from you. Seriously.
This is an idea that’s been piloted on the coasts, and we’re so excited to bring it to Rochester. There’s a few key points that we think will make this program a major success:
ENABLES YOU TO START BUILDING NOW:
Time is everything, and this program helps you get started on the build process much faster than waiting for the bank’s approval.
GUARANTEES THE SALE OF YOUR HOUSE:
You can search for better offers, of course, but we can give you some certainty ahead of time with a competitive offer.
LOCKS IN INTEREST RATES:
With historically low interest rates right now, there’s literally never been a better time to lock in your rates on a new house.
DON’T HAVE TO DO A ‘DOUBLE MOVE’:
You won’t be stuck in a rental house or apartment, waiting for your new house to be finished. Once the house is done, you can seamlessly move out of your old one and into your new one – that simple.
We think this innovative new program is a win-win for the people that need to use it: shovels go in the ground earlier for your new house, and you’re guaranteed to have a buyer. Throughout the build process, you can weigh the offers that come in and make sure you take the best one – through North House’s real estate wing, of course.
Bob Fleming, founder of R. Fleming Construction, says it’s unlike any other program offered in Rochester right now – it gives the seller more options and relieves the headaches of navigating the market, while expediting the process on the construction end.
“It gives our clients the flexibility to move forward,” Bob says. “It also gives them a guarantee… they know ‘okay, my house is going to get me this much money. If I can do better, great, but if not, at least I know the floor.’ It crosses off a lot of unanswered questions that people normally have.”
If this program sounds right for you, let’s chat! You can reach us at (507) 933-0289.