The BUY IT UGLY Rescue Program:
Buy It Ugly Rescue is designed to keep purchase contracts alive when inspections uncover issues that would normally derail the deal.
Instead of renegotiating endlessly or walking away, the loan structure allows necessary repairs to be rolled in and resolved without jeopardizing the transaction.
COUNT ON the
BUY IT UGLY RESCUE PROGRAM
to SAVE the DEAL
from INSPECITON ROADBLOCKS
When RESCUE Makes Sense:
There are required repairs…
Required repairs (roof, HVAC, electrical, plumbing, safety items). can come from a home inspection or an appraisal. These repairs must be remedied prior to closing, and Rescue can often include all required repairs. These repairs can range from a simple roof to foundation work.
The seller can’t make the repairs…
Sometimes the seller isn’t willing or able to make the fixes. Often the seller will have the desire but not the means to remedy required repairs. Rescue allows the buyer to include those repairs without any monetary contribution from the seller.
The deal is at risk…
The deal is at risk due to inspection conditions. Inspections can be nerve racking for both the buyer and the seller, not to mention the Realtor. Once property deficiencies are found there are limited possible solutions. When the buyer wants to proceed Rescue may be the best option. Using Rescue, the buyer not only can select the quality of the repair but also the contractor.
how rescue SAVES the DEAL
How it Works
1. Inspect
Inspection or appraisal identifies required repairs
2. Review
Repair scope of work is reviewed and approved
3. Loan
Loan is structured to include the required work
4. Assess
Home is appraised as if all the work is complete
5. Close
The purchase closes and repairs are completed after closing