We’ve previously discussed how buyers can compete in any market. We’ve talked about informally bundled services; one stop shopping if you will. Some pundits have derided the idea. I’ve disclosed that Prudential Northwest Properties owns Columbia Mortgage outright and a portion of Transnation along with Coldwell Banker, Windermere and John L. Scott (12.5% each (Land America Title is the mother company)). As a Realtor and therefore independent contractor, I receive no monetary benefit by encouraging the use of Transnation and/or Columbia Mortgage (RESPA laws make sure that is the case). What I get is confidence that the transaction will go smoothly. Now I can guarantee it. Prudential Northwest Properties will put its money where my mouth is. So, without further adieu, introducing:
Not only is it a buyer’s advantage, it is a seller’s advantage. If the buyer uses Columbia Mortgage and the transaction is closed through Transnation, we will provide a one year AHS Warranty to the buyer. Previously when we have written offers, we’ve asked the seller to provide that warranty.
Additionally, the program offers (straight from the main office text):
1. FREE CREDIT LOAN APPROVAL
Obtaining loan approval will help you search for the right home and allows you to be ready when you find it. It’s a free service of Buyer’s Advantage.
2. FREE HOME WARRANTY
Buy with confidence and peace of mind. Buyer’s Advantage will provide you with a free One Year Basic Home Warranty from the industry’s leader; American Home Shield. A $290 value.
3. CLOSING COSTS GUARANTEE
No more surprises at closing that stretch your budget even more. We guarantee that your closing costs will not exceed those stated in the FINAL GOOD FAITH ESTIMATE or we will pay you the difference.
4. ON-TIME CLOSING GUARANTEE
One of the most painful delays in a transaction is an unmet closing date. It can cause great financial and emotional hardship for both the buyer and seller. We guarantee that we will meet the closing date specified in the Purchase Agreement or we will pay the Buyer and Seller $500 each.
5. FULL LOAN APPROVAL GUARANTEE
We guarantee that the Buyer is able to close using the approved loan program or we will pay the Seller $1000. You, the buyer, now have an advantage when your offer is presented. The Seller will know for sure that you are qualified to purchase their home as stated in the Purchase Agreement. We guarantee it!
6. 3-DAY TITLE REPORT GUARANTEE
We guarantee the fastest turn-around for the best rates and we put it in writing. We guarantee to deliver the preliminary title report to the agents, lender and escrow within three business days of written request at the lowest possible title rates.
7. HOME SERVICES
When you buy a home with Prudential Northwest Properties, you gain exclusive access to our industry leading Home Services department. Our Home Services coordinators work as a personal concierge to help you with all your home ownership needs.
Pundits, have at it. Serious buyers, give us a call.