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An archive of the stories that reflect the scope and growth of our company
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News Release
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March 17, 2008
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While the demand for new homes has steadily fallen over the past two years, the market has been all the more challenged by difficulties arising along the path from contract to closing. Such issues as faulty mortgage pre-approvals, lack of funding at closings, home-sale contingencies, and buyer cancellations collectively have made every contract more precarious and every closing more precious.
Recognizing the value of each transaction, the JMWeichertGroup has designed a pioneering program to overcome each of these obstacles and ensure that every prospective buyer can become a closed buyer:
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Buyer Verification Service that substantiates the financial standing of every buyer
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$5,000 Performance Guarantee assuring on-time closings
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Home-sale Management Program which expedites the sale of a buyer’s current home
While this initiative ensures transactional security and performance for developers, it also demonstrates how the JMWeichertGroup is just as committed to fulfilling the critical needs of buyers after their purchasing decision has been made, just as they are before.
Buyer Verification Service
There is nothing more disappointing than having a sale fall through, especially just before the closing. Through Weichert Financial Services, one of the “Top 50” lenders in the U.S., according to the industry newsletter “Inside Mortgage,” the JMWeichertGroup can offer “buyer verification,” aimed at eliminating the primary cause of failed transactions: problems with financing.
With a comprehensive buyer verification process in place, developers can enjoy greater peace of mind by avoiding faulty pre-approvals and unexpected complications. The firm’s buyer verification service works as follows:
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Any buyers making an offer on a development can obtain a complimentary mortgage credit approval from Weichert Financial Services
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No charge to either the developer or the buyer, even if the prospective buyer has a pre-approval from another mortgage lender
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If any problem should arise at any point in the transaction, Weichert Financial Services can step in to close the deal - making the selling process as smooth and glitch-free as possible.
Closing Performance Guarantee
To ensure a development’s buyers close on time, the JMWeichertGroup offers a $5,000 performance guarantee for on-time closings to buyers who use Weichert Financial Services for their mortgage, title, and homeowner’s insurance needs:
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Mortgage Financing
By integrating consumer financing into its onsite sales program through its partnership with Weichert Financial Services—a full-service mortgage lender committed to finding the right mortgage loan for each customer—the JMWeichertGroup ensures superior customer service and competitive products, to qualify more potential buyers, and to guarantee the consummation of their closings.
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Title Insurance
By improving communication between lenders, buyers, sponsors, and all professionals involved in bringing a transaction successfully to closing, the Weichert Title Agency helps to ensure that closings occur on schedule.
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Homeowner’s Insurance Needs
In order to offer a variety of choices to help buyers secure the most appropriate coverage at the best available cost, the JMWeichertGroup works with the Weichert Insurance Agency, an independent insurance broker representing over 15 major insurance carriers.
Home-Sale Management Program
Due to current market conditions, the purchase of a residence at a development may rely upon the sale of the buyer’s current home. Through its network of residential re-sale brokers, the JMWeichertGroup consequently coordinates the marketing and expedite the sale of a sale-contingent buyer’s current home to ensure that all potential buyers can become closed buyers:
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Constant control and seamless execution of the transaction within the necessary timeframe.
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Single point of contact between the JMWeichertGroup and multiple resale agents.
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Qualified sales agent who represents the best level of service in local market area assigned to sale-contingent buyer
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Faster and more efficient sales through realistic market pricing and superior marketing coordinated by the entire Weichert team.
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Biweekly reports documenting offers, negotiations, marketing efforts, competition, and local market conditions of the buyer’s current home.
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Availability of bridge loans and equity advances through Weichert Financial Services
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