Thursday, October 6, 2011

Thanks Down Payment Resource!

Just realized Down Payment Resource (DPR) did a nice piece on my use of their technology. You can find it on their website at: or check out the text version below.


REALTOR® known for her expertise in homebuyer assistance programs used Down Payment Resource to learn about new programs.
Stephanie Gruver is known in her market as a buyer's agent. With her real estate license as well as experience working for a nonprofit housing developer, she knows her way around down payment assistance programs and it can directly benefit her clients. Stephanie takes the time to search for local programs she knows exists, looking for cash that her clients can bring to the table. But, Stephanie also admits that the information can be easy to miss -- new programs come along, specifications and funding may change, and it can be time consuming.

Stephanie learned about Down Payment Assistance (DPR) through NorthStar MLS bulletins. The new service prompted her to go looking for more money her clients could access. Using DPR, Stephanie searched for funds that her clients needed for the purchase of a foreclosure that needed significant work. Stephanie says that if she hadn't seen DPR, she's not sure she would have found the program as she thought it was already out of funds. Good news for the homebuyers—the program was still funded and both the home and the borrowers qualified. Stephanie also used DPR to check additional programs to be sure her clients had accessed every possible assistance program available. She felt confident that she had helped her clients find the best program for their needs.

The homebuyers were extremely pleased with the process. The down payment assistance allowed them to take on a house that needed a few more projects than usual. They purchased a two story, vintage, single family home and they are now in the process of renovating it.

Stephanie believes DPR is helping reinforce her strong reputation as a buyer's agent. As a result, she's also gaining new leadership opportunities. The Keller Williams Integrity Realty Lakes office asked Stephanie to teach a class on down payment assistance programs and DPR.

Her favorite part of the journey with her clients is going to their house warming parties, meeting their friends and family, and seeing what they've done to make the new place their home. She says her buyers today are incredibly savvy with their money. Many take home improvement classes, complete their own projects, and buy resale and consignment furniture. Searching for homebuyer assistance is another extension of the trend to invest and spend money wisely.

For Stephanie, using down payment assistance programs to get her clients into homes that they would have never imagined owning is motivation to continue to use DPR to find additional assistance options.

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