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Want To Buy? Have To Sell? Perhaps We Can Help!
By Scott Rogers • December 5, 2009
It seems that there are quite a few people in our current market who want to buy a house --- but they're at a standstill, because they have to sell their current home before they can buy. It can be a challenge to buy and sell simultaneously, as I pointed out this past September. But maybe there's another way . . . I market several neighborhoods of new homes for Scripture Communities, and just recently the builder (Jerry Scripture) has devised a move up program that has worked for him in the past, and is working again now in our current market. The concept is this: In certain circumstances, Scripture Communities will help you sell your current home, or will even commit to buying your home, if you are buying a new home in a Scripture Community. Does it sound to good to be true? It can be of tremendous help to someone who wants to buy, but most sell in order to do so. As a real, live, example --- we're in the process of building a home now (at Heritage Estates) for someone who is using the Scripture Community Move Up program. If they can't sell their current home themselves by the time their new home is complete, Scripture Communities will buy it from them at an already agreed upon price so that they can close on their new home. There are a few common sense guidelines that we're using when considering these move up scenarios: The buyer must be moving up, with a decent margin between the house prices. It can make sense for Scripture Communities to buy a $200k house to allow someone to close on their purchase of a Scripture Communities $300k house. Likewise, it can make sense for Scripture Communities to buy a $275k house to allow someone to close on their purchase of a Scripture Communities $400k house. The buyer (and builder) must be reasonable in deciding on a purchase price for the buyer's current home. Scripture Communities will buy (or consider buying) a house a price that is agreeable to all parties --- but sometimes an agreement can't be reached. This won't work for every situation, but it can work for many seller-buyers. Scripture Communities can't buy every or any home for someone who hopes to buy at one of these new communities, but we'll certainly try to make it work for you to help with your housing transition. As a reminder, here are the new communities where a move up scenario might work: Heritage Estates (55+ community with pool, French Country architecture) The Glen at Cross Keys (paired homes from the mid $200k's) The Cottages at Stone Spring (energy efficient homes in the $200k's) Receive Updates by Email
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Dec 03, 2024 (unless otherwise noted).
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