If you’ve been in the Home Buying Market for even a Millisecond, you may have felt the sting. You know the one, “Thank you for your offer, Mr. / Mrs. Home Buyer, but we’ve decided to go with a cash / non-contingent offer”. Ugh. That hurts!
The question you then hit your Real Estate Agent with is inevitable. “What can I do to get my offer accepted by writing an offer that is just as attractive as everyone else’s?” Great question, and luckily, the answer isn’t always, “offer more money”. The answer in many cases can come from your Lender. Simply put, “Consider the Alternatives”.
Let’s face it, most of us don’t have 20% down and thousands in closing costs lying around in our bank accounts. The great news is, more and more we are seeing Lenders working with Home Buyers to come up with creative ways to allow you, as the Buyer to be more competitive in the Home Offer arena.
According to Tami Pilgrim at Wallick & Volk here in Prescott, there’s typically more than one way to get the job done, including lower down payments and using the equity in your current home. She regularly works through multiple scenarios with her clients to find the
best options available, helping them to achieve their home goals without breaking the bank.
Online Lenders like RocketMortgage.com offer programs that provide a Bridge Loan to give Home Buyers more buying power by allowing for non-contingent offers and down payment flexibility.
Knock Home Swap ™, working through Certified Real Estate Agents, offers a program that allows you to make a non-contingent offer, with a 20% down payment, and will also provide money to make repairs to your existing home prior to putting it on the market. Can you imagine it? Find it, buy it, move into it, THEN fix it, list it, and sell your old home from the comfort of your new home. It even works with new Home Builds. WWHHAATT?! As a Knock® Certified Agent, I can help walk you through this program to get the most out of your Home Buying / Selling experience.
These are just a few of the dozens of options available to you as a Home Buyer, to help reduce your stress levels and put you at the front of the line the next time you find your Dream Home. With all of the options out there, though, remember everything has a cost, so make sure you do your homework to find the best program to help you achieve your Home Buying Goals.
Give me a call or shoot me a text or email for more information on how I can help you find and BUY the Home of your Dreams, as well as how Knock Home Swap™ can work for you!
Happy House Hunting!
