The new program was inaugurated recently in nearby Holiday, FL and may soon be available throughout the Tampa Bay area, the firm said.
"This offer is limited to moderately priced houses in excellent condition where there is no mortgage or other liens," said George Beardsley, President-Broker of Advanced Realty Team, Inc., a Dunedin, FL-based brokerage boutique that offers a service for people who want to sell a house fast by buying the house from them.
Some other real estate brokerage firms "list" a house hoping someone else will actually buy and the brokerage firm will earn a commission for "selling" the house, the firm said.
"While this offer is limited to moderately priced, fully owned homes that need little or no repairs, the firm has other programs designed to buy homes under just about any condition," Beardsley said.
"Advanced will buy estate homes by mail, for sale by owners, homes needing work in just about any condition," he said.
"Advanced will pay cash for homes in foreclosure and homes upside down, where the mortgage is larger than the value of the home," he said.
Under the new program the firm will pay the current value assigned by Zillow.com with 20 per cent of the sale price going to the seller in cash, the firm said. There is no commission and the buyer pays all closing costs, the firm said. The balance will be paid to the seller monthly until paid in full.
If the agreed upon sale price is 10 per cent below the Zillow.com price, Advanced will pay 30 per cent of the sale price to the seller in cash and at 20 per cent below Zillow.com, the firm will pay the seller 40 per cent of the sale price in cash, the firm said.
"Holiday was the test market for us and we hope to expand the program throughout Tampa Bay as soon as possible," Beardsley said.
About Advanced Realty Team
George and Maryan Beardsley, two former stock brokers, founded Advanced in 1996 after spending several years working for a national franchise real estate firm and gradually doing a larger portion of their business buying and selling homes for themselves and financing sales for other Realtors. They entered the real estate business the hard way, owing a home in Boca Raton Florida within a mile of the site for a planned garbage burning incinerator.
The Realtor they hired suggested owner financing which Maryan and George said sounded "stupid and scary." But having little choice they sold and held the mortgage and the more they learned about creative financing, the more it seemed to be an important tool, especially when it is difficult to sell houses.
Eventually the buyer of their home refinanced and the Beardsleys received the full amount of cash for the sale, at top price and during a period when no one had been able to sell. "That really got our attention and we left stocks, commodities and bonds for real estate," George said. The firm offers a number of ways of buying houses fast and lately has been offering affordable homes programs, using homes bought as rentals and rent to own homes.
George Beardsley holds the U.S. Patent Office Trade Mark for the Famous Rent to Own on Steroids Program™ where all rent paid in the entire first year becomes down payment and the tenant-buyer can earn a mortgage by making 12 consecutive monthly payments on time and maintaining the home as though they already owned it. This program has been modified to be Dodd-Frank compliant.
In the last year, the firm has added an Internet marketing division to use some of the experience the firm has developed Internet marketing both the purchase of houses fast and the various rental programs offered, including the Famous Rent to Own on Steroids™ and the Famous Foreclosure Rentals program.
Advanced also offers a service for local merchants where they guarantee the local firms' website will be on the first page of Google.