In a time of low inventory and high demand, the successful buyer must be armed with special tools for the job. We want to take this newsletter space this month to share a very powerful tool that Windermere Real Estate/East, Inc. has just introduced. This tool is a bridge-loan that is designed to allow you to purchase before you buy so you aren’t left homeless in your pursuit of your step-up, or step-down home.
Current Interest Rates
The Windermere Bridge Loan. It’s fast. It’s easy. And it’s at our fingertips ready to help you get into your new home.
HERE ARE THE PARTICULARS:
You can buy before you sell with the Windermere Bridge Loan from Vintage Loans, LLC. This is an exclusive tool that we can use to help you buy real estate when you find it.
You can make a non-contingent offer, which makes your offer more attractive to sellers, and you don’t have to risk losing your new home while waiting for your own property to sell.
The amount you owe on your home, plus the bridge loan cannot be more than 75% percent of the value of your current home. The approval process by Vintage Loans, LLC takes only a few days.
The loan fee is just one percent of the loan amount, due upon disbursement of the loan. No payments are necessary on the loan before your home closes unless you choose to make a payment. The principal and interest are due when the home closes, or six months following disbursement, whichever comes first.
This bridge loan is available only through Windermere Real Estate/East, Inc.
Contact either Jim or Bill to inquire about how to put this to work for you.
Great News – so far…
The Coronavirus does NOT seem to be impacting the real estate market. It is early, much can happen in the weeks ahead, and all we can tell you at this moment in time is that the market does not appear to be affected by the virus.
My week over week market analysis on Monday morning, March 9th, revealed that the real estate market strength continues very strong. While new listings are coming on the market, they are being snapped up quickly. In the hot (core) areas, we are experiencing multiple offers on many new listings, and inventory levels below 3 weeks – that is hot!