Home Price Protection™, A New Program Designed To Protect the Value of Homes from Market Decline and Restore the Faith and Confidence in Home-Ownership in Any Market

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EquityLock Solutions’, a Denver Colorado company, introduced a program this year, Home Price Protection™, which offers new and current homeowners a price protection in the value of their home. EquityLock Solutions’ will be taking on the risk by compensating a homeowner financially at resale for any decline in the local House Price Index.

A Happy Protected Couple

“Where was this program 4 years ago? And now that’s it’s here, who should pay for it, the purchaser or seller?”

EquityLock Solutions’ Home Price Protection™ program was recently featured in RISMedia’s Real Estate Magazine and was named their “New Product of the Year Award 2011” winner. Home Price Protection™ was created to protect current and future homeowners by providing them with a contract that will produce a financial return if the local House Price Index, as reported by the Federal Housing Financial Agency, is lower at the time of the resale than what it was at the time the contract was purchased.

Ted Rusinoff, President of Equity Lock Solutions, produced this program to facilitate in the battle to help consumers protect the values of their homes during a down housing market. The Home Price Protection™ contract is designed to promote home-ownership by requiring that a contract cannot be executed on until 2 years after it is signed. Additionally, a homeowner who bought a home 3 years ago and can still purchase this contract today, but the value of your home’s worth would be based on the local Price Index currently.

When asked about the Home Price Protection™ program local Waddell Realty Broker Reynolds Bickerstaff posed the following questions, “Where was this program 4 years ago? And now that’s it’s here, who should pay for it, the purchaser or seller?” And when asked about why he believes buyers are not active he stated “All economic signs indicate NOW is a great time purchase a home, Interest Rates are at an all time low but unfortunately with the last couple years trend in the market people are fearful about investing so much in something that can’t be guaranteed to keep its value.”

If the real estate market has reached the bottom, then Home Price Protection™ might be a few years late. For home-buyers who purchase now, they will be paying for a premium that is based on the current market value, which is comparable to levels seen in 2001. However, if values continue to decline, as more foreclosures are released by the banks, then EquityLock Solutions’ Home Price Protection™ could facilitate the rebuilding of consumer confidence. For more information on EquityLock Solutions’ you can go to http://equitylocksolutions.com/


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Reynolds, Bickerstaff