Seller Buy Back Programs
The goal of these programs are to repair and update properties to return them to the home owner while maintaining an affordable payment the participant can feel comfortable with.
Ideal for those on a fixed income with equity in their home
Seller Buy Back with Third Party Financing
Seller Buy Back with Owner Financing
How it works
We assess the needs of the owner
We assess the needs of the property
We rehab the home to meet all city codes, minimum building standards, and the competitive market
We return the home to the owner with equity
Seller Buy Back Program With Third Party Financing
Pros
- The participant will move back into a fully rehabbed property
- The property is now up to minimum building standards
- The property will not need any work for a good number of years as long as participant takes care of normal maintenance on property.
- The participant stays a homeowner and not a renter
Cons
- Participants must meet specified requirements for closing
- Discoveries during demolition can cause to participants to be shifted into another program option
Seller Buy Back Program With Owner Financing
Pros
- Easier to qualify for than a traditional bank loan
- The participant will move back into a fully rehabbed property
- The property is now up to City minimum building standards
- The property will not need any work for a good number of years as long as participant takes care of normal maintenance on property.
- The participant stays a homeowner and not a renter
Cons
- Participants must meet specified requirements for closing
- Discoveries during demolition can cause to participants to be shifted into another program option
- Interest rates are typically 3%-8% higher than loans with third party financing.