an example. step #1 sign up for free at rechamp.com
TRANSCRIPT
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An Example
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STEP #1
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Sign up for FREE at Rechamp.com
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By signing up for FREEThat will make sure youReceive credit $20 forEveryone you get to joinA bidders pool
And….. That allows you to be in position to buy and/or sell on the www.REChamp.com website.
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Say, you want to sell your house for $200,000
1. Contact your real estate agent2. Make sure $200,000 will cover
100% of what you owe on the house (encumbrance)
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1. Pay your $1972. Make sure your agent fills out a purchase agreement (local Realtor
agreement…with the contingency clause to fill the bidders pool)3. Buyer is: Champ Funding, Inc.4. Sales Price: You and your agent determine ( Example $200,00.00)5. Earnest : Zero6. Financing: None - CASH7. Contingencies (See all on site-Bidders pool full)8. Close of Escrow: 15 days or less
Send signed agreement to: [email protected]
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Have your agent send: Pictures Property Information etc.
So RE Champ can produce your individual property web site
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RE Champ creates a website for your property
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After you receive your property web site back( usually 3 business days)
Promote your house!
Remember, you wantthe pool to fill quickly
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With the $200,000 EXAMPLE
Champ Funding buys house for $200,000.00 cash contingent on filling bidders pool
100% FULL PRICE OFFER
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With the $200,000 EXAMPLE
To fill the pool: 6286 bidders are needed
200,000 x 1.1 /35
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Seller gets there money from escrow
Sales price $200,000Less: seller agent comm (3%) $ 6,000 possible buyer agent(3%)$ 6,000 marketing fee (1%) $ 2,000 estimated pre-paids(3%) $ 6,000Estimated closing fees(2%) $ 4,000
$176,000 to cover encumbrances and give
Proceeds to the seller
*Which is more than a normal net now
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•If the winning bidder has no agentyou do not pay the 3% and save $6,000
•The commission rate with you and youragent is determined by the two of you
•Escrow fees will vary state to state, andcompany to company
•Pre-paids (taxes & insurance) will varyon every house
You Could Save EVEN more…
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Now those 6286 bidders are involved in a 24 hour no minimum auction basedon monthly payment.
The auction price is set by the sellers agent based on a market analysis
For our example lets’ say the amount is set at $150,000
RE Champ can sell a house for lessthan we buy it, because the bidderspay off the initial seller, and the agent setsthe market value.
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The bidding is NO MINIMUM and in $10 increments based on MONTHLY PAYMENT
You could win a house for $10 a month but, not likely.
Some one else will be $20 and so on……….
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Lets say—you have the winning bid and it is………… $500 monthly
Congratulations! You automatically receive:
• 0% interest fixed loan• No Credit requirements• No Down Payment• 100% lifetime guaranteed
You just need to bring your ID and your first months’ payment to the closing
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You would pay $500 monthly +taxes and insurance at 0% interest
$200,000 / $500 = 400 months
And every month you would be paying the principle down by $500. FULL PAYMENT GOES TO THE PRINCIPLE…NO INTEREST
In 33.33 years your house wouldbe 100% paid off
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Sales price $150,000 $200,000Monthly pay * $ 500 $ 1,074Total paid $150,000 $386,512
YOU SAVE $ 236,512 over life of loan
You are buying at 39% (better than the big money trusts.
RE Champ Traditional
•Monthly payment is P & I (principle & interest)•Payment for traditional loan is based on a 30 yr fixed 5% loan.
Weigh Your Options
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What if you do not have the winning (highest) bid?
You are out the $69 non-refundable bidders fee.
But, you can join another pool for another House for another opportunity to save big on a new house…PLUS
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You can make $20 for every person you get to sign up for a bidders pool and potentially a$5,000.00 bonus
Find out more at…
http://www.REChamp.com/ShareTheDream
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There is a New Way a Better Way!
The RECHAMP WAY