- Name
- Charles Gardner-Real Estate Consultant
- Company
- Home Buying Market Place (HBMP)
- E-mail
- Contact Charles Gardner-Real Estate Consultant (Home Buying Market Place (HBMP))
- Website
- http://HomeBuyingMarketPlace.com
- Office Phone
- (281) 820-3181
- Fax
- (281) 605-5032
- Address
- PO Box 5673, Kingwood, TX, 77325
- Description
- HBMP: working to get the economy moving through real estate investing and home ownership. Short sales, rent to own, Luxury Homes, and Short Sales negotiations done in-house.
About Us:
A. Company Information
Humble Homz, LLC and Abair Real Solutions, LLC (hereafter called the company) are both divisions of Darque, Inc. The company was formed in June, 2005 to invest in properties that may require some rehabbing or may be distressed in other ways. Effective October, 2009 Humble Homz, LLC is affiliated with Home Buying Market Place, a multi-service real estate establishment.
B. Company Objective
The company purchases residential real estate targeting properties that can be acquired at 50% to 80% of the current fair market value (FMV) after any repairs. While the main objective is to make a minimum of 20% profit based on the After Repair Value (ARV), we are also aware of our responsibility to the communities we do business in, and our role in the betterment of these communities. Therefore, we always make every effort to provide products that are of good quality and will blend well with the neighborhood. The company's strategy is based solely on making the profit going in and not on speculative appreciation months or years down the road.
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What We Do
C. Market Analysis Summary
The main target areas will be those areas in high demand by first time home buyers, those looking to upgrade into modern renovated homes and investors. Once the target property is acquired, it is renovated (If needed) to match or exceed current market standards.
D. Acquisition Strategy
The company locates properties through a variety of sources including the Multiple Listing Service (MLS), investor websites, and referrals. These properties are typically for sale by owner (FSBO), pre-foreclosures, and bank owned properties (REO's). The condition of these properties can be from badly in need of repair to ones only needing minor cosmetic repairs. Since some of these properties have been neglected, they almost always need landscaping as well as major systems checks. We pass on properties with odd floor plans and those that may require major repairs. The company also works with home owners in short sale situations, negotiating with lenders and purchasing properties.
The most critical factor in the company's success is buying the property at the right price. We determine the FMV after renovation by reviewing comparable sales for the area and by using several formulas.
How We Do It
E. Sales Strategy
The company works with realtors and investors to make sure the properties receive maximum exposure. Properties are marketed through various web sites and through classified ads. Properties are offered for sale to those buyers seeking new loans and those who may need some assistance. We work effectively with the broader segment of the market that may have bruised credit or may be credit challenged. We offer to this segment of the market excellent programs which will allow them to participate in the American Dream of Home Ownership. We are specialist in Owner Finance programs, that are available through Stated Income programs and NO CREDIT CHECK programs.
F. Financial Plan
The company seeks to work with investors and private lenders to expedite these transactions. The company is also able to use transactional funding to get deals completed.
G. SummaryIt is the goal of the company to establish a good name throughout the targeted communities and become known as the source for real estate solutions in good and distressed situation. We look to grow in the market and provide training for those who seek to become involved in real estate.
