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Welcome Home Chicago introduces The new way to Buy-Sell-Trade Real Estate in Chicago
Fannie Mae has started implementing their Deed Restriction clause limiting the amount buyers can borrow on the purchase of a foreclosed home essentially reducing the buyer pool to cash and Corp. buyers. New investment strategies must be implemented.
A recent Fannie Mae policy change will not only negatively effect most Real Estate investors acquisition models making it next to impossible to consistently purchase and rehab forclosed houses. It will also restrict the retail buyer pool to those who qualify for a HUD 203k loan which is a very restrictive Mortgage that dictates to the buyer not only what improvements they are allowed to perform, but also which contractors they are allowed to use and when they can sell their properties. These regulations are not only unfair to the average home buyer they also have the potential to create a large number of upside down home owners in the comming years. These highly restrictive regulations will give the large corporations currently buying up single family homes at an alarming rate an unfair advantage in the retail home sales market for many years, once again putting the average consumer at a disadvantage when they try to sell their homes,
Welcome Home Chicago has a solution to this minor policy change that may create a major market shift in the comming months. While most Real Estate investor are not even awere of this potential market transformation, we are creating solutions. Our model is actually a three teir solution, that starts with identifying motivated home sellers, Real estate Investors and current retail home buyers. Many of the properties in the chicago land area are over 80 years old and have decaying mechanicals (HVAC, Electric. Plumbing, foundations, insulation). The remodeling boom of the last 40 years mearly gave these properties a face lift, and did not address the more serious need for machanical updates. Todays Real Estate investor has focused on updating these houses and limiting the amout work that can be done would hinder their ability to put out a quality prouct to the consumer. We may not be able to change policy, but we can and have created stratigies that will mitigate the negitive effects of these policys.
Our buisness model starts with buying conventional sale houses at fair market value, and completly updating an renovating them via our pool of investors. The seller is given the option to buy one of our completely updated properties through our trade up program or find a property through one of our partner Real Estate Brokers who share our commitment to finding high quality homes for their clients. In many cases the monthly mortgage payments are close to what they are currently paying due the the much lower interest rate in todays market. We have relationships with several Mortgage brokers who are commited to not only finding the best loan for our clients, but also assuring the client can afford their home in the years to come. Our Real Estate Investors are given access to quality deals with no deed restrictions or penalties allowing them to perform high quaity rehabs with numbers that fit their buisness model. Retail buyers are given their consumer powers back and can have control of what will probably be the largest purchase of their lives.
At Welcome Home Chicago we belive the Market should always by dictated by the consumers not the government or multi billion dollar corporations. Creating an independant investor freindly acquisition model allows us to not only supply a constant stream of quality deals for REIs, but also to maintain quality controll on properties sold to the home owners.
So weather you are a home owner thinking about selling your house or looking to upgrade we will take all the worry out of your transaction. If you are a REI looking for quality deals without ristrictions we can match you with a house that meets your criteria. If you are looking to buy your 1st home or looking to trade up from your current out dated house, we will provide you with a high quality completly updated worry free home. Now is the time to take back control of your Real Estate transaction and make your next house a Welcome Home Chicago (http://welcomehome-
Welcome Home Chicago
Page Updated Last on: Mar 10, 2014