HOME BUYER CONNECTION represents potential danger to prospective clients. Consumers should enter into business relations with extreme caution. While billing itself as a BUYERS AGENCY, it remains unclear as to whether sales efforts are in clients best interests.
Marketing efforts directed towards the public (apartment dwellers) by means of mass mailings offer potential clients are artificially low monthly payments. When customers call the office they are given a carefully scripted PHONE SPIEL that assoicates must deliver. Clients entering the office are told how LOW their monthly payments will be.
The payments can be misleading since the come on is a SPECIAL TWO-ONE 2/1 BUYDOWN PROGRAM.in fact the Home Buyer Connection Inc. Touts over 90 such programs. This is just smoke and mirrors!!!
Buyers should proceed with extreme caution. There are in fact NO unusual programs that are not available with any real estate agency or builder.
The SPECIAL TWO-ONE BUYDOWN, may be dangerous to the prospective buyer especially if underqualified to purchase. While there ARE artificially reduced first year payments, payments in subsequent years may increase by $150 dollars a month or more! Clients actually pay MORE in the long run.
In reality the buyer is paying for the cost of the 2-1 buydown over the life the mortgage. Buyers will likely be less able to make monthly house payments in successive years because of this misleading sales tactic. The default rate of Home Buyer Connection clients is thought to be much higher than others.
A home buyer who is losing their HOME is not concerned about the default rate. They are concerned about something much more important: the loss of a HOME, CREDIT, and HARD EARNED MONEY.
Another DANGER to buyers is that of being UNDER-qualified to make a purchase. Home Buyer Connection tactics include bringing potential buyers to NEW HOME communities where they will need to make good-faith deposits of perhaps $500 to $2,500. While new home builders are VERY HONEST, if a buyer does not qualify that buyer may LOSE part or ALL of their earnest money.
HOME BUYER CONNECTION is not a full service realtor. How can an agent represent the BEST interests of a client if THEY ARE NOT ALLOWED to tell clients about existing homes (it is not convenient for HOME BUYER CONNECTION to sell used homes. They want the FAST money.
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