In today’s fast-paced market, buyers must have immediate access to cash and limited (if any) contingencies in order to make their offer stand out.
For homeowners who need to sell before buying, this can be a tricky situation.
To assist with the process, William Raveis recently announced a new service that helps ease a double transaction: Raveis Purchase.
What is Raveis Purchase?
Raveis Purchase is a new service from the Connecticut-based real estate brokerage, which will purchase the homes of any real estate clients who need to free up their equity in order to make an offer on a new home.
“With Raveis Purchase, we saw that listing inventory was going to get very, very tight. They (clients) have the option to make a very quick offer and unlock their equity in order to move into their house…knowing that they have a guaranteed sale in their pocket.”Ryan Raveis, co-president of William Raveis
Who can benefit from Raveis Purchase?
With a market that moves as fast as the current one, homeowners who want to sell their current home and buy another are often faced with a dilemma: they need cash before making an offer on a new home. And if they sell before buying, they won’t have a place to live. Raveis Purchase takes out the contingency of needing to sell and guarantees a sale.
Raveis Purchase can be used by clients in the states William Raveis Real Estate services: Connecticut, Massachusetts, Maine, New Hampshire, Rhode Island, Vermont, New York, New Jersey, and Florida.
How does it work?
Not only will Raveis Purchase give sellers access to their equity, but they also take responsibility for any needed renovations and handle showings. Here’s how it works:
1. Acquire Property
Raveis Purchase makes an initial payment of up to 80% of the current home value, which unlocks the majority of homeowner equity.
2. Prepare for a Sale
Once the homeowner has vacated the property, Raveis Purchase uses expert vendors and marketing to get the home ready to sell.
3. Sell for Top Dollar
Ravies Purchase sells the home for top dollar, and pays the seller the remaining upside.
Interested in learning more?