At Jo & Co., we continually strive to share solutions that tackle the ever-evolving challenges of the real estate market. With rising interest rates becoming a major concern for potential buyers, we are proud to announce a program one of our partner lenders just rolled out. It is an innovative program designed to benefit both buyers and sellers—The List & Lock Program!
How Does The List & Lock Program Work?
The List & Lock Program offers sellers the opportunity to attract buyers by locking in a below-market rate for 60 days. This unique approach allows sellers to market this enticing rate in their listing materials and on MLS to generate increased interest. Here’s a simple breakdown of the process:
1. Seller Contribution: The seller agrees to pay to buy down a potential buyer’s rate by 1-3 discount points as part of their contributions.
2. Rate Lock: The seller secures a 60-day rate lock on the house, which is transferable to the buyer upon contracting.
3. Enhanced Marketing: The lower rate can be prominently featured in marketing materials, drawing in more prospective buyers.
A Financially Savvy Alternative to Price Reductions
Instead of reducing the price by a notable percentage, sellers can opt to buy down the rate by 3 points, which typically equates to 9% of the loan amount. This method impacts the payment more significantly than a mere price adjustment, leaving the seller with a higher net and the buyer with a lower payment.
Seller Fee: Sellers pay a $995 fee at the time of the lock, reimbursable after closing upon successful deal conclusion.
Who Benefits from The List & Lock Program?
This program is particularly advantageous for listings that have been on the market for a while without garnering much interest. It's a remarkable solution that addresses the current hurdle of elevated interest rates by offering buyers a discounted rate on their mortgage, allowing sellers to advertise lower rates and propel faster sales.
For Sellers: Achieve faster sales and in most instances, save more money compared to a conventional price reduction.
For Buyers: Gain access to more affordable rates, enabling a smoother and more financially accessible path to homeownership.
Exclusive Tools & Support
This exclusive List & Lock simulator tool, empowers sellers and buyers to visualize the savings compared to a standard price reduction, facilitating informed decision-making. We also provide a plethora of marketing materials, including a lock certificate, a dedicated web page with rate options, custom open house flyers featuring your home’s images, and the purchased rate.
Why Choose List & Lock™?
Interest rates are pivotal in today’s market dynamics, influencing mortgage demand and buyer decisions. By offering a below-market rate through the List & Lock™ program, sellers can capture the attention of a wider buyer demographic, increasing the probability of selling faster and at a more favorable price.
In conclusion, bringing you the List & Lock Program stands as a testament to our commitment to providing innovative, win-win solutions in the real estate landscape. Whether you are a buyer seeking a favorable mortgage rate or a seller aiming to expedite the selling process, the List & Lock Program is the key to unlocking unparalleled benefits!
Get Started Today!
Interested in exploring your List & Lock™ options? Reach out to us at Jo & Co. to learn more about how this groundbreaking program can redefine your buying or selling experience!
I hope you have found this blog post super helpful. If there is anything else we can do for you, including helping you sell (or buy) a home, I would be honored to assist. I hope you have a great day/evening.
We are so happy you found our little corner of the interwebs. We look forward to y'all reaching out to us. We love to answer questions and welcome them. Recently we created some local maps, and you can download those by clicking the image/link above. Below, you will find an index of some very helpful information to assist you in learning more about the Houston suburbs. If you are relocating to our neck of the woods, we hope you reach out to us, because we would love to help you by being your local realtor and friend. Thoughtfully written for you. Hugs, Jo.
We are Waiting for You
If you are looking to relocate to the Houston Area, we would love to meet you, and hear your story. Below you will find all of my contact information, as well as some homes for sale in the area. We truly look forward to hearing from you! P.S. Don't forget to check out our YouTube Channel!
If you are overwhelmed..
Now if you are feeling overwhelmed on where you should plant your roots, I would love to talk to you. You can schedule a call with me by click this link: http://byjoandco.com/call or just send us an email: [email protected]. There are some amazing communities all over the Houston suburbs. In this post, https://search.byjoandco.com/blog/best-neighborhoods-in-houston/, I deep dive into all the different suburbs/neighborhoods that you might want to consider, and why. There are many resources here, so please reach out if you are curious what to look at next! Thank you for trusting us.
What next?!
• Navigate our Blog: https://byjoandco.com/categories-to-help-you-navigate-the-blog/
• Download our Moving to Texas ebook! http://byjoandco.com/movingtotexasebook.
• Download our Where to Live in Houston Texas ebook! http://byjoandco.com/wheretoliveebook.
• Browse our Ebooks and Relocation Guides: http://byjoandco.com/ebooks
• Schedule a phone call or appointment with us! http://byjoandco.com/appointment.
• Email us! [email protected].
• Looking for a buyer’s agent? Fill out our buyer questionnaire! http://byjoandco.com/q.
• Ready to find your dream home? Search, http://search.byjoandco.com.
• Subscribe to our YouTube Channel: http://byjoandco.com/youtube.
