Chase Reed Realty

I was reminded the other day by a friend that they really enjoy seeing the ins and outs of my deals.

I'm here to help "Mentor your home experience"

This year has been crazy for Real Estate. The most deals to date and it's not slowing down.

I pride myself in my ability to negotiate the best deals for my clients. Since I'm a seasoned home Investor myself, I look at every deal as if I were the buyer. This allows us to get creative and land the best deal possible.

We just closed on a home in the Liberty Park area. The details of the deal are below:

1. $10k below asking price. Purchase for $570k in an area where homes are being sold anywhere from $800k to $1mil.

2. $17k from Seller to go right Into my clients pocket for the deal. This allowed us to pay $0 in closing costs and buy down the rate saving hundreds per month.

3. Free 1 year home warranty

4. Free Furnace and AC tune ups for life. Yup, for life!

5. Free Mentorship for life. Yup, you get me as a mentor for life. And if you know me, you know that also means you get access to my network. The multiverse of Chase is a web of many perks to have.

I'm not just a Realtor, I'm a community leader that runs a non profit, a MENTOR and a volunteer.

If you've ever needed a Mentor to bounce ideas off of, help be accountable to your goals or just need someone to talk to, please hit me up.

801-618-9034

Interest Rates Fell Again This Week!

Would you rather buy a home for 3.5% or 0% down now?
Or
Wait until interest rates are so low that everyone and their dog come out to party, causing you to have to outbid multiple offers with more cash.

For instance, right now, we are getting everything we ask for as a buyer.
Rate buy down to almost 5%
Repairs done
Upgrades like: New Roof, Electrical, Windows, Flooring, etc.
Below asking price - sometimes instant Equity

Or if we wait until interest rates a so low that we find ourselves in multiple offer scenarios. This will cause you to have to come out of pocket substantially more, little to no repairs done and certainly no upgrades.

Low Interest Rates and Multiple offers mean:
If you have a pre-approved loan to buy a home for 3.5% down on a $450,000 property. You will need $15,750 for the downpayment.
But if another offer comes in and say's they will buy the home for $500k. You will need to come up with another $50k cash to match the offer.

This means you will have gone from a good deal at $15,750 down, repairs made, upgrades negotiated, and a rate buy down.
To a deal where you'll have to put down $65,750, little to no repairs and no upgrades.

This is because the bank will only loan you the amount THEY think the house is worth. If they think the house is only worth $450k, they will only loan to you for that value.

If you have to beat a multiple offer scenario that comes in at $500,000 then you will have to come up with the difference in cash.

Do ya'll remember during covid, unless you had a lot of cash, it was almost impossible to outbid and win multiple offer scenarios?
Most likely you will have until Spring to beat the wave and find a good deal.

Call or DM me and lets set up a Mentor Meeting to get you ready to buy.

801-618-9034
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