Benefits of Reverse for Purchase:

• Attract a Broader Market: By offering Reverse for Purchase mortgages, builders can appeal to the growing demographic of Active Adults and retirees who might be looking for a new home but are concerned about cash flow and meeting traditional mortgage qualifications.
• Increase Sales Conversion Rates: The attractive financing option removes financial barriers for many buyers, potentially increasing the builder’s sales conversion rates.
• Faster Inventory Turnover: With the ability to move in immediately and the appeal of not having monthly mortgage payments, homes marketed with Reverse for Purchase options may sell faster, reducing carrying costs for builders.
• Enhanced Market Positioning: Offering this innovative financing solution can position a builder as a preferred choice for Active Adults, distinguishing them from competitors who do not offer similar options.
• Opportunity for Upgrades and Higher-Value Sales: Buyers may opt for more expensive homes or additional upgrades knowing that they do not have to pay the full price upfront and have no monthly mortgage payments.
• Secure Transactions: Since the financing is backed by the home itself and does not rely solely on the buyer’s current income, there is a level of transaction security that can make the sales process smoother and more reliable.
• Preservation of Incentives: Builders can still offer promotional incentives which remain attractive to buyers as they are rolled back at closing, enhancing the overall value proposition.
• Expand Customer Base to Contingent Buyers: Builders can safely accept offers from buyers who are contingent on selling their previous homes, broadening the potential customer base.

For more information about leveraging Reverse for Purchase, call 888-876-1003 or email us reverse@CAbuilderteam.com