Dunedin, FL (PRWEB) April 06, 2013
Advanced Realty Team, Inc. yesterday announced it has added the “We’re Going Back Up North Rental Special” to the creative library of affordable housing the firm offers.
“When a job is lost or a spouse leaves or something else goes wrong, we will sometimes have a tenant tell us they are “going back up north” which means a vacancy for us prior to the term of the lease and also means no return of any extra monies paid when the people moved in,” said George Beardsley, President-Broker of the Dunedin, FL-based boutique real estate firm.
“So for someone who can move in quickly and do all the renovation that we would have had to do, we are basically giving them credit for the deposit of the people who are “going up north” before the terms of their contract were met,” he said.
Advance offered the new program for the first time on a three-bedroom mobile home in Holiday, Fl, which normally rents for $595 a month with $1,190 to move in plus the $49 application fee.
Under the “We’re Going Back Up North Special” the new residents will pay $995 to move in with the application fee included and will get the entire $995 back if they choose to move out after paying 12 month on time. The firm that buys houses fast and as is looks to make housing it rents and sells more affordable.
“Of course, we are always cheering for the people who move in under the Famous Rent to Own on Steroids Program™,” where all money paid in the entire first year will become their down payment and they can earn a mortgage based on what they do now, not credit scores,” Beardsley said.
“But the economy is the reality and millions of folks’ plans have been changed,” he said. “So when someone leaves unexpectedly we are making it easier for someone to replace them if they can take it soon and as is,” he said.
Advanced bought houses fast and as is and renovated for resale two decades ago, and when the real estate market collapsed they were scrambling with everyone else and came up with the idea of continuing to buy houses from people who really needed to sell fast and get on with their lives and then renting the homes as affordable housing.
“People often ask how we came up with so many creative ways of renting and selling houses,” Beardsley said. “The simple answer is we had to create new programs to serve the people beaten up by the economy, because we were one of the one’s getting beaten up.” he said.
Famous Rent to Own on Steroids(tm) offers all money paid in the first year becomes down payment and a buyer earns a mortgage by making 12 consecutive monthly payments on time and maintaining the house as though it were already theirs.
Advanced also will buy houses in foreclosure, work to get the bank to made a mortgage modification and in the meantime offer the home for rental at a bargain price to compensate for the possibility of having to move quickly and the certainty of being visited by the workers of the bank delivering papers and occasionally threats.
Advanced was created by two former stock brokers who tried to sell a house in Boca Raton in the late nineties that was in the neighborhood where government officials planned to build a garbage burning incinerator. They were unable to sell their house in Boca when they planned to move back to Pinellas County and finally sold with owner finance. The owner finance worked for them so well they decided to leave stocks and bonds for real estate.
“They told me there was no risk in real estate,” Beardsley said.
“We get into real estate and the bottom falls out a dozen years later,” he said. “And, you know what, creative ways to buy and sell still work,” he said.