Florida Brokerage Firm Offers to Take Trade Ins on Rental Homes, Even Supplies Trade Ins

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Advanced Realty Team, Inc. yesterday introduced the “Home Trade in Program” to increase savings on their various rental programs. The Dunedin, FL-based real estate brokerage-investment boutique has been buying houses fast in Tampa Bay for two decades and now offers some of those homes as affordable housing.

Advanced Realty Team, Inc. yesterday introduced the “Home Trade in Program” to increase savings on their various rental programs. And, they will even supply the Trade-In Home.

“Home Trade In” closely follows another rental enhancement plan called “Rent One-Get One.” In Rent On-Get One, Advanced began giving away a stylized, made-in-China ceramic home with every new rental.

The Dunedin, FL-based real estate brokerage-investment boutique has been buying houses fast in Tampa Bay for two decades and now offers some of those homes as rentals in several different programs.

"We were pretty clear at the start that Rent One was not really offering more value, but was a promotion to show how big our values were and how small the price,” said George Beardsley, Broker-President of Advanced.

“So we started getting comments like, ‘it’s cute, but what am I going to do with a ceramic house? I’ve got enough junk already!”

To add value to the Home Trade In Program, Advanced responded by offering to buy the “Free Home” back immediately for a $50 a month discount on the rental and a $100 reduction in the move in money.

Advanced buys houses fast and as is in almost any condition in the Tampa Bay area and turns them into affordable housing. Beardsley holds the United States Patent and Trade Mark Office registration for the “Famous Rent to Own on Steroids Program™ which takes all money paid in the entire first year and turns it into down payment.

The tenant-buyer can earn a mortgage by making 12 consecutive payments on time and maintaining the home as though she owns it already. Credit score does not matter.

A newer program is the Famous Foreclosure Rentals where the home is in or about to be in foreclosure and is rented at a discount price to make up for the inconvenience of getting papers delivered by the bank. In all cases the landlord has secured the services of a board certified attorney to represent them in the process of getting a mortgage modification on the loan.

Advanced started the Foreclosure Rental Program after the number of homes in foreclosure surged and will now buy homes in foreclosure and underwater for cash.

In addition, Advanced offers one-stop shopping and will buy a house, list it on the MLS for $295 or enter advertisements on the Internet to help a home owner who needs to sell a house fast – as a complimentary service.

“To be clear, we will place an ad for no charge, but selling a home is never without cost,” Beardsley said. “There are closing costs of various sorts, he said.

“However, if we buy a seller's house we will pay all closing costs and for people who deal with us directly there is no commission even though I am a real estate broker,” he said.

He also pointed out that the $295 for a listing will not be the only expense.

“In order to sell your house that is listed in the MLS you must offer compensation to the real estate agent or broker who brings the buyer to your home, handles the details and arrives at the sale of your house.” He said. So in addition to the $295 the homeowner must also offer a commission to the real estate professional. We recommend three to five per cent to the person who provides a buyer. For a $100,000 sale that would be $3,000 to $5,000.”

“But again,” he said, “with us, home owners sell fast with no commission and no closing cost.”

Advanced was founded by two stock brokers who had a bad experience in their efforts to sell a home in Boca Raton which was a mile away from the site of a proposed garbage burning incinerator.

In that case, they eventually sold the home with owner financing and the results turned out so well they decided to leave stock brokerage for real estate using creative financing ideas.

Some of the methods they have learned allow them to buy houses today for retail value and close quickly.

“We have been buying houses fast for two decades in the Tampa Bay area and I am almost positive what the next development will be,” Beardsley said. “Someone will want to know if they can get the $50 a month discount and keep the ceramic house because it is so cute,” he said.

“Well, it is negotiable,” he said.

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