Home buyer protection plan

Are you a buyer thinking about purchasing a property but worried because the media keeps reporting prices are going to drop further?  Do you know someone who is trying to sell their home but no one is looking at it?  Are you a Realtor frustrated because you have a large inventory of listings?  Then you NEED to hear about the Buyer Protection Plan.

The Buyer Protection Plan (BPP) is an innovative plan for buyers of real estate.  If the real estate market drops the following year after you have purchased, the buyer will be compensated for this decrease.  This innovative strategy was developed by 180 Degrees Solutions Inc. of Calgary.  Buyers are the first to retreat whenever there is a rumor of price drops.  Through this pioneering approach, the buyer’s equity in the new purchase is protected for the first twelve months. 

What if the seller was able to provide protection to the buyer through their Realtor?  What if the seller could say at this time next year he was willing to offer the purchaser of his house some insurance in the event real estate prices went down?  With mortgage rates at an all time low, why wouldn’t you jump into the market if you found the ideal home in the neighborhood you love, knowing that if you buy today and the market falls you will get a refund 12 months from now from the seller.

Fear of rates increasing in 5 years, could also cause some buyers to hesitate.  We also have a plan to assist buyers with this dilemma - The Inflationary Hedge Mortgage Strategy.  The IHS helps buyers eliminate any potential payment shock at maturity.

So if you are a buyer, what is keeping you from buying your dream home today?  If you are a Realtor, you need to Contact Laurie Baird and Scott Mason today at (250)862-1806, Certified Agents for the Home Buyer Protection Plan.

This article is written by or on behalf of an outsourced columnist and does not necessarily reflect the views of Castanet.