15. CHF Platinum Grant Goodies 3% of Loan Amount No lien, No Payment, Grant Can Be Used for Down or Costs Never Paid Back = Free Money! HugeMarketing Opportunity Here
16. CHF Platinum Qualifying Home Buyer in California No FTHB Requirement Must be Owner Occupied Income and Price Limits Under 1% Down From Buyer
17. CHF Platinum Qualifying Limits County Income Limits Orange $101,040 Los Angeles $84,480 San Diego $89,880 Purchase Price Limits All Counties$417,000
20. CalHFA CHDAP Awesomesauce 3% of Purchase Price – Low % No Payments for life of loan Can Be Used for Down or Costs Can be used w/ most programs Requires 1% Down From Buyer
21. CalHFA CHDAP Qualifying Home Buyer in California FTHB Requirement – 3 Years Must be Owner Occupied Income and Price Limits 30 Day Escrow Should Be OK
22. CalHFA CHDAP Qualifying Limits County Income Limits Orange $73,250 to $138,150 Los Angeles $52,900 to $99,800 San Diego $63,400 to $119,600 Purchase Price Limits Orange & LA $665,088 San Diego $635,696
25. HomePath Hype 3.5% Concessions until Oct. 31st 3% Down | No PMI Option* No Appraisal | No Condo Cert $1,200 Bonus to Agent *Lender Paid MI = Higher Costs/Rate
26. HomePath Marketing Multiplier FirstLook Buyer Exclusivity 15 Days After that…Investors Welcome! No Buyer or Agent Incentive for Investor Investors Can Buy with 10% Down Special Incentives on Fannie REO
43. Bonus: 5 More Ideas Tax Credit Alternative - Better? Hyper local SEO for Bloggers? Local educational workshops? HomePath for investors? Revive Stagnant buyers? 3 Reasons to call your database
Geographic target – first time home buyersNot the answer – just something to think about..Lets start with why. Why is it important to understand home buyers?
Before we get to the strategiesTalk about target market
Chapter 3: Home search processStatistics can tell us a lot
Home search statistics are valuableLet’s take a look at this from another angleWhat can Google tell us?
Root key word phrase “first time home buyer”
This doesn’t surprise meI have almost 4 years experience marketing to this demographic
Demographic is – FTHB looking for assistanceI know these strategies workMy own personal experience
Quick overview of these programs – What they are / who qualifiesHow to use in marketing – Generate home buyer calls / convert home buyer leads
Builder using CHF Platinum to advertise move-in cost after seller concessions - $1,745 or something
Product knowledge – it’s not what you know, it’s WHO you know
Programs are as powerful as your Ideas of how to use them
Over 10K visits a monthAlmost 2k about tax creditCity name – neighborhood nameStart conversations – think like FTHBYour lending partner will worry about qualifyingLeverage questions and conversation to generate calls and opportunities
Thank you for your timeDiscussion time
[contact page] Twitter, Facebook & LinkedIn – I would love to hear your feedback and success stories.