My Real Estate Blog

C.A.R. launches new incentive program for home sellers

C.A.R. is launching Home Payment Protection Program (HPPP), a program similar to the successful C.A.R.H.A.F. Mortgage Protection Program that pays a home buyer’s mortgage if he or she is laid off.
 
The Home Payment Protection Program is offered by REALTORS® to sellers at the time of listing as an added incentive to prospective buyers.  The program is paid for by the seller and is completely optional.

The program covers both first-time and repeat- buyers for 12 months from escrow closing and provides up to six mortgage payments up to $1,000 or $1,500, depending on the coverage level the seller chooses.  A seller can choose to pay $200 for six mortgage payments up to $1,000 or $275 for six mortgage payments up to $1,500.

“C.A.R.’s Home Payment Protection Program is a win-win benefit for both buyers and sellers,” said C.A.R. President Beth L. Peerce.  “By offering the Home Payment Protection Program as an added incentive to buyers, sellers have an additional way of differentiating their home from others and can sell their home more quickly, while prospective buyers who are feeling uncertain about their employment situation have an added layer of security,” she said.

Reprinted From C.A.R.