As the morning routine kicks in and jamming out to some Joan Jett (I hate myself for loving you....), the mental juices start flowing...
Have you thought about making an incredible offer for those customers that are having issues trying to finance the purchase of a home? Instead of looking at this from a 2 dimensional perspective, open your mind to the 4th dimensional perspective.
***Disclaimer*** Please abide by the rules and regs in your area.
A customer contacts you to purchase a home, you do the proper interview, send them to get a pre-qual, and BOOM, unqualified for lack of funds, etc... What's next?
How can we make this happen? It takes two...
Sometimes there are circumstances that can hinder home-ownership, but with a little team work, and trust, we can make it happen.A single family home can accommodate two families if done correctly.
Who do they trust that is also willing to own a home? Ensure both parties understand the terms of the agreement...example...
John is living with his family in a 2 bedroom rental that is $900.00 a month, and wants to move his family into a home. He is unable to afford to buy the single family home in Philadelphia. John also has a friend that is willing to move, and is looking for a change due to paying $800.00 a month in rent. That is a combined $1,700.00 per month.
Now, for example sake, the monthly mortgage for a house is $1,200, and split in half is $600.00; a savings of $300.00 for John, and $200.00 for his friend. When entering into this agreement, a contract is signed for 5 years, at which time either party can buy the other out, or sell at market value.
Here is the math after 5 years of responsible savings:
John $300.00 x 60 months = $18,000
John's Friend $200.00 x 60 months = $12,000
I hope this example helps with your home-buying process, and opens opportunities for everyone.
Carpe Diem!!!! Attitude Reflects Leadership!!!