Borovies Realty, LLC,  Montclair, VA  Licensed in Virginia and Maryland

Many people ask how I can help them get such wonderful homes for such low down payments.  The answer is simple: it's my specialty.

Bob and Jennifer and their two children wanted to move up from their two bedroom townhome to a four bedroom colonial with a finished basement and a two car garage within their same school district. The good news I had for them was that their townhome, which was in excellent condition, should sell quickly at an appropriate price in the $125,000. range. Bob and Jennifer were very reluctant to list their home without having another home identified and under contract. They did not want to have to move twice, i.e., move into any temporary housing, and they didn't want the children to have to change schools. Most important to them; they believed they needed the proceeds from the sale of their townhome to use as a downpayment for their move-up home. Due to the very limited inventory, there were no homes in the $250,000. to $300,000. range currently on the market in their school district, and those that were already under contract all had received multiple offers of non-contingent contracts within hours of listing.

My work began. I was able to locate a home which matched their needs even before it was listed on the open market. Next, I introduced Bob and Jennifer, who I knew had an excellent credit history, to a lender who preapproved them for a 103% no down payment loan which also allowed them to finance 3% for closing costs on their move up home. This enabled them to make an offer on the home of their dreams without making it contingent upon the sale of their home--the only type of contract the seller would consider. Their offer was accepted. Bob and Jennifer were elated! We listed their townhome immediately, and it did sell at full price within days. They decided to utilize the 103% loan program and invest the proceeds from their townhome's sale elsewhere toward their children's college fund.