Have you always wanted to own your own home?
Have you wanted to start building up personal and generational wealth?
Does it feel like you’ll never have enough money saved up or that the time will never be right?
Well I’d love to help you make NOW the time to find and purchase your dream home, even if it means you’ll be moving out of the house you rent from us, mid-lease!
OVERVIEW
- I’ll spend the dedicated time personally coaching and guiding you, as I have many others, then help you find exactly the right home for you and your family.
- I’ll guide you through one of a few special home purchase programs that you CAN afford, even if you haven’t already saved any money or if you have credit score challenges.
- When arranged properly, you’ll be able to move out mid-lease, without having to time things to match your current lease expiration, as you always had to do when moving in the past.
- Together, we’ll make it a WIN-WIN situation!
HOW DOES THIS WORK?
- First, you call me at 404-373-3366 and say “I want to buy a house!” That’s the biggest step you need to do, just commit to it… We’ll talk about the details. What kind of house do you want? What do your finances look like right now? What is the first step for you in your particular situation?
- Next, I’ll ask you to sign an exclusive brokerage agreement. This means that I’ll be your official real estate agent. In the end, the person who sells you the house will pay a commission to my broker, and I’ll get a portion of that. This gives me a financial reward for the dedicated time I’ll be spending helping you, above and beyond what agents normally do all the time. It also makes up for losing you as a resident, mid-lease. This is my half of the WIN-WIN, and it doesn’t cost you anything. The seller pays.
- From there, we go down the path together, figuring out how to connect you and your financial situation today with you purchasing and owning your own home in the near future. Exactly what path we take and how long it requires depends on your specific situation. When we find your home, you get out of your lease and move into your home. That’s your half of the WIN-WIN.
CONSIDERATIONS
- If you’re renting somewhere else, then these considerations only barely apply. But if you’re lucky enough to be renting from us, then these considerations definitely apply…
- Because the plan is to let you out of your lease, with no strings attached, I need to set a few boundaries. After all, the house you’re currently renting is a part of my wife’s and my retirement plan, and I have an obligation to my own family to protect that while also trying to help you find a home. Remember, we’re seeking a WIN-WIN here.
- Therefore, this works best if you purchase a house through me and then move out between March and August, completing your rental move-out inspection no later than the 13th of the month. You still pay the FULL rent amount for this last month initially, and then after the inspection I refund the prorated unused rent amount and your security deposit (less any damages, of course). Under these conditions, you can forget about the rest of your lease term. There won’t be any penalty or obligation for terminating early. You won’t owe additional rent even if I fail to rent the house out again immediately. And when you leave the house in the same good condition as when you moved in, you suffer no additional repair cost whatsoever. This timing also means that we arrange your new home purchase (closing) to be during the first third of the month; we’ll generally have that control, although this is not guaranteed. Furthermore, most mortgages won’t have the first payment due until one and two-thirds months after that. This means you get a “breather” or “vacation” month with neither a rent payment nor a mortgage payment… plus a partial month’s rent refund and a security deposit refund (less any damages, of course). Just the money you need to make the move! It’s yet another WIN for you.
- We can still do this at any other time of the year or month, if necessary. However, we have to work harder to maintain the WIN-WIN situation, by following our Early Termination Policy, which necessarily has a couple additional strings attached and a little more financial risk for you. But if you move out per the terms in the previous paragraph, then you do NOT potentially owe the additional rent amounts described in our Early Termination Policy.
- One more thing. Once you start looking for a home, it takes some time to find the right one. And once it’s under contract, it normally takes over a month for the bank to underwrite your loan. Therefore, the best time to search is between January and June. (Hey, the best prices are generally found during the winter!) Also, this traditional, long, and variable time delay between contract and close normally allows us to set our closing date when we want it, near the beginning of the month, regardless of exactly when we find and contract your dream home. This means that, barring unforeseen circumstances, it’s easy to meet that 13th of the month move-out boundary. This also means you’re able to maximize the time between your last rent payment applied and your first mortgage payment due. (A note for 2022: the market remains fairly “hot”, so we have less control over the closing date. Nevertheless, we can still work together to achieve the WIN-WIN situation.)
- NOTE: You still need to give me 60 days notice to terminate your lease early or to not renew for another year. If I’m your real estate agent, then this notice is explicitly understood already. This home purchase policy is subject to change, however, so be sure to double-check this policy whenever you sign the exclusive brokerage agreement. The published policy as of this signing date will be respected, even if the policy changes after that date. However, if circumstances lead to your not purchasing your home with me as your agent, yet you nevertheless terminate your lease early or do not renew, then the Early Termination Policy applies. However, the early termination policy at the time you signed the exclusive brokerage agreement will be respected, regardless of any changes after that date. The early termination policy’s 60-to-90 day notification window is thus expanded to include the date of signing the exclusive brokerage agreement.