How does the Path To Homeownership program blend with the “Pretty House” term in the real estate business of higher-end properties?
Find out Lou’s answer by watching this short video.
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Listen to our Podcast:
Scott Paton:
Can you address how The Path To Home Ownership approach blends with the “Pretty House” term business of the higher end properties and here in Seattle, the medium price is expensive. So, what is your opinion on the expensive markets?
Lou Brown:
That’s the cool thing about the house monster and about the Street Smart approach. It doesn’t matter what the price point of the homes are. There are buyers in all price points of the strategy. So in other words, there are people that can afford 700,000 million dollar homes, how however they can’t qualify the traditional way. Now, that doesn’t mean they don’t have down payment. They have significant down payments. That doesn’t mean they can’t afford the monthly, they can afford the monthly. So, it’s simply redirecting your efforts towards those kinds of folks. Now, what am I talking about? I’m talking about business owners, business owners make money. Business owners have money. They have down payment in many cases. So, those are the kind of folks that can’t qualify the traditional way that we absolutely are attracted to. And Jeff, I’ve got good news for you. I’ve got people doing it right there in the Seattle area.
For a fact it can work and all over California, New York and high end markets. So, we just recently sold a house 425,000, the gap put $42,500 down. And he’s been making us payments ever since then. We’ve got another house that we sold for 599. I’ve got one of my clients that sold a house for over a million dollars recently using this program. So definitely, there are plenty of opportunities out there. If you kind of shift your thinking and your approach to the market and get out your house monster.
