A program lets qualified buyers make all-cash offers on homes with just 2% down. The company buys the property on your behalf, then you pay them back over time. It lets you compete with institutional investors while keeping monthly payments manageable.
The benefit of that is that we don't buy a home that sits empty and then try to, you know, market it to a tenant or an owner or a customer. But the customer comes in, the owner as we call them, comes in, and the first thing we do is we qualify the customer. And so assume you're qualified, the next step is we partner you with an agent and you go out and look at homes that are today on the market for sale on the MLS. We only buy a home once we have a customer committed to that home, right? So the customer and the agent go out, they select a home, we re-underwrite the home, we do evaluation, inspection, appraisal, all that, and then we buy the home as an all-cash offer. So one of the big benefits to the customer, you put 2% down, you have an affordable monthly payment, but you get a cash offer. So you can compete with, you know, the Wall Street investors and the cash buyers that are out there. And that makes your offer a lot more attractive out in the market.
