Josh David (JD) 704.998.7609 Builder/Alliance Group: New Construction

Good morning activerainers, I have a question to ask; "How many Realtors work out on a regular basis, and does it enhance production"

I personally work out 4-5 times a week, I'm heading to the gym uptown Charlotte after this blog post actually :0)

I can tell you from personal experience that when I work out, my day moves and flows much easier. My mind is free, I can think straight, carry many tasks at once, and even better, I feel great.

I highly recommend an intense work out when you can get it, you can thank me with later.

Happy Selling and please respond to the blog.

JD

Look Realtors, I know a lot of you have listings that are not moving in this market because there is so much competition; wouldn't it make your life easier if you could set your self apart from the every other agent?

Wells Fargo is the #1 Renovation lender in the country; as well as #1 mortgage lender in the country!!

A UNIQUE FINANCING VEHICLE TO FACILITATE THE PURCHASE OF A HOME AS WELL AS THE COST OF EITHER MAJOR OR MINOR IMPROVEMENTS INTO THE LOAN AMOUNT

• -This is achieved by using a 3.5 % Down payment based on the lesser of the total acquisition cost or 110% of the after improved value of the property
• -Can lend up to 110% of after-improved value
• -Also available for Refinances

HELP YOU LIST AND SELL MORE HOMES & INCREASE YOUR LISTING CAPTURE RATE

• -Leverage financing to turn homes "with potential" into "closed sales"
• -Helps your buyers create potential equity
• -Gives you a unique strategy to capture expired listings
• -Create more prospects by selling the dream
• -Seller does not need to
  make repairs prior to sale
• KNOWLEDGE IS POWER! -Way to differentiate yourself from other Realtors with both buyers and sellers
• Your Commissions are paid at Closing -Commissions will be paid before Renovation begins

IT IS NOT:

• Just for blighted and/or rundown properties
• Just for low to moderate income borrowers
• As complicated as you may think

IT IS:

• For any house where the borrowers wish to make improvements
• Available to all income level borrowers
• A great financing solution

BUYERS RECEIVE THE MONEY TO PURCHASE AND THE MONEY TO RENOVATE IN ONE SEAMLESS TRANSACTION.

• -One application
• -One closing
• -One monthly payment

Deal with a local "certified" renovation expert and team. Please contact us for appointments and to approve your buyers who are interested!!

See you at the top!

JD

Hello fellow activerainers, I am freshly of a "certification of renovation" in beautiful San Diego, and I have SO MUCH TO SHARE!!!

The short sale and foreclosure market has made it more than challenging to get buyers to buy homes that need "fixed up", "TLC", "handy man special", or "cash only", but "Prosperity Mortgage-An Affiliate of Wells Fargo Bank" HAS A SOLUTION!!!

Welcome to the Conventional and FHA "renovation loan". There is so much to say about this product I do not know where to begin...

FHA 203(k) "standard"

• Can lend up to 110% of the "AFTER REPAIRED VALUE"
• One time close
• All work is completed after closing-Realtors love this
• 1-4 unit properties
• $5,000 minimum in repair amount
• HUD consultant required- these are already in place for your buyer(s)
• Work must begin 30 days after closing and be completed w/in 6 months
• No maximum amount of repairs financed into purchase/refinance

FHA 203(k) Streamline

• Can lend up to 110% of the "AFTER REPAIRED VALUE"
• One time close
• All work is completed after closing-Realtors love this
• 1-4 unit properties
• $35,000 maximum in repairs
• Work must begin 30 days after closing and be completed w/in 6 months
• No structural work allowed, mostly cosmetic, appliances and modern upgrades

Conventional Renovation:

• • Can lend up to 75% of the "AFTER REPAIRED VALUE" conforming loan limits apply
  • One time close
  • All work is completed after closing-Realtors love this
  • 1-4 unit properties
  • No maximum in repairs
  • Work must begin 30 days after closing and be completed w/in 6 months
  • No restirction on renovatoin, luxury items included (pool/hot tub)
  • No age restrictions of property
  • Non Owner Occupied available

  We can service this product in multiple states and for the first 5 renovation loap apps that fire approval, I will contribute up to $250.00 for the appraisal upon closing.

For more info please email me or call directly;

Josh David-"Your Renovation Expert"

704.998.7609

josh.david@wellsfargo.com

Our "Construction Advantage" program is an industry-best 96.5% LTV FHA Construction Loan with credit score requirements as low as 620, long term rate locks, job loss insurance protection, and much more.

I would like to speak with you about how we can position this product to help you sell more homes. Specifically, how rather than simply using this financing program as a solution for low down payment borrowers, how it can proactively be used in conjunction with a consumer ad campaign stating, "Build Your Own Custom Dream Home with just 3.5% Down!".

I look forward to speaking with you and putting together a plan to help you sell more homes, more profitably. Please let me know if there is a time that works best for you so we can discuss.

Key factors that are important talking points with Modular Home builders:

•- We can pay off the lot at the initial closing as well as pay the 10% deposit to the manufacturer to begin building the home in the factory.

•- We can pay off the remaining cost of the home as it comes out of the factor once we determine the foundation is complete and the home is ready for delivery.

•- Once the home is delivered, there should still be enough funds left undrawn for the builder to take another draw or two to continue/finish the house off. (AHB will only fund up to 75% of the actual cost of the completed home)

-Josh David

Prosperity Mortgage-An Affiliate of Wells Fargo Bank

Apply 24hrs a day @ www.josh-david.com

The more smaller builders I talk to in my area, the more I feel a need for our contruction to perm product in our market. Builders have gotten their lines of credit pulled back because of the economic sturggle. They are not able to provide their personal capital to build specs, because they will overleverage themselves.

So here is where we come in:

Prosperity Mortgage-An Affiliate of Wells Fargo Bank has seen a weakness in the building industy and created a phenomenal "Construction to Perm" product FOR BUYERS! This product allows for buyers to finance up to 96.5% Construction money, while still only putting down the required 3.5% for FHA requirements.

Product Highlights:

• 620 score and up
• 96.5% Construction to Perm financing for FHA buyers
• 95% Financing for conventional buyers
• Up to $750,000
• 12 Month Extended Rate lock, w/FREE RATE FLOAT DOWN
• 9% Seller contrbiutions
• $8,000 tax credit welcome

For me immediate detailed info, please contact me directly:

Josh David

www.josh-david.com

josh.david@wellsfargo.com

704.998.7609