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The advantages of our Renovation Loan strategy is that it can be immediately implemented. Once you create a team, you can propose this strategy with current clients. It's a great conversation piece for past clients. Don't overlook any signals that your clients will reveal anticipated real estate needs. You'll win more future clients by offering new options to clearly differentiate yourself.
We've done all the heavy lifting. Why reinvent the wheel? You have the team, we have custom collateral and marketing tactics ready for you to get in front of new and existing clients.
Let's get started, follow our 3 step process.
The advantages of our Renovation Loan strategy is that it can be immediately implemented. Once you create a team, you can propose this strategy with current clients. It's a great conversation piece for past clients. Don't overlook any signals that your clients will reveal anticipated real estate needs. You'll win more future clients by offering new options to clearly differentiate yourself.
We've done all the heavy lifting. Why reinvent the wheel? You have the team, we have custom collateral and marketing tactics ready for you to get in front of new and existing clients.
Let's get started, follow our 3 step process.
Step 1 - Training
We offer free training on renovation loans. Training provides the foundation of learning how these loans work and where they work best. This will give you confidence presenting solutions to your clients. Renovation loan enables realtors to offer solutions that weren't previously possible. It is empowers realtors that can overcome any physical condition of the property. You have more solutions. Home-buyers become excited going shopping for finished flooring, paint color, kitchen appliances and bathroom fixtures.
Training is offered onsite or webinar. Interactive onsite is more effective. Training takes approximately 45 minutes.
We also offer a recorded webinar - Recorded Webinar (43 min.)
Step 2 - Targeting
It's important to understand the inventory conditions that is optimal for renovation loans.
Look for:
We offer free training on renovation loans. Training provides the foundation of learning how these loans work and where they work best. This will give you confidence presenting solutions to your clients. Renovation loan enables realtors to offer solutions that weren't previously possible. It is empowers realtors that can overcome any physical condition of the property. You have more solutions. Home-buyers become excited going shopping for finished flooring, paint color, kitchen appliances and bathroom fixtures.
Training is offered onsite or webinar. Interactive onsite is more effective. Training takes approximately 45 minutes.
We also offer a recorded webinar - Recorded Webinar (43 min.)
Step 2 - Targeting
It's important to understand the inventory conditions that is optimal for renovation loans.
Look for:
- Properties that have "sat" on the market due to physical conditions of the property. You may see properties that are flags in the description.
- Properties that have outdated/worn conditions. Interiors screaming for replacement. Don’t forget other conditions like: HVAC, electrical, water heater, roof….
- Uninhabitable properties - bank owned, foreclosed properties that won't qualify for a loan without a renovation loan.
- Identify neighborhoods where sales are below FHA loan limits. FHA loan limits sets a cap. In the beginning of 2018 that FHA cap for the San Diego market for single family homes is $649,750.00
- See our attached report of neighborhood in San Diego (2017)
Step 3 - Marketing
We've Created Collateral for you
See our customizable collateral to peak interest and take your solutions to the next level.
Here are suggestions of how to utilize this collateral:
Current Clients - Introducing renovation loans as a strategy may create a fresh new approach in seeking potential properties for your current struggling clients.
Future Clients - This a key way of differentiating your expertise & knowledge that will separate you from the pack. Utilize the collateral to create that discussion.
Engage Past Clients - A conversation starter. Send out your customized collateral with a warm follow-up call. Keep engaged with your past clients. Chances are is there is another listing or real estate need in your client base.
Contact us to create your free customize collateral and assist with your marketing strategies.
Tips
The following are other important considerations to be aware of:
We've Created Collateral for you
See our customizable collateral to peak interest and take your solutions to the next level.
Here are suggestions of how to utilize this collateral:
Current Clients - Introducing renovation loans as a strategy may create a fresh new approach in seeking potential properties for your current struggling clients.
Future Clients - This a key way of differentiating your expertise & knowledge that will separate you from the pack. Utilize the collateral to create that discussion.
Engage Past Clients - A conversation starter. Send out your customized collateral with a warm follow-up call. Keep engaged with your past clients. Chances are is there is another listing or real estate need in your client base.
Contact us to create your free customize collateral and assist with your marketing strategies.
Tips
The following are other important considerations to be aware of:
- Confirm the seller agent will cooperate with the process
- May need to extend contingency and/or escrow
- Value - Anticipate value on improvements
- Monitor Loan qualification - Purchase + construction bid = 90% of appraisal
