Here’s your juicy dumpling of info, all rolled up in a hilarious, snail-paced cling film of the real estate world:
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Real estate company Roam has launched an innovative offer that could forever change the way homes are sold.
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Roam’s new policy allows a two-month grace period for would-be home sellers, during which Roam would step in and cover your mortgage payments if your sale doesn’t close in time.
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Yes, you heard it right. 60 days of mortgage-free living, courtesy of Roam if your home sale languishes in escrow purgatory.
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However, there’s a slight catch. The mortgage coverage only applies up to 60 days after the scheduled closing date.
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Still, this move could revolutionize an industry filled with stress-filled endless paperwork and nail-biting waiting games.
Closing thoughts: Mortgage Freedom, Paper-Clip Economy, and an Excuse to Roam
As a closing hot take, it seems like Roam is essentially telling us to chill out, put our feet up, and let them worry about the mortgage payment while we enjoy a 60-day ‘staycation’ at home. It’s like one of those ‘Free Parking’ spaces in a game of Monopoly—except instead of fake money and tiny car tokens, we’re dealing with a real, hefty mortgage, and a potential sigh of relief as those mortgage bills disappear (at least temporarily).
Not only does this offer promise to unclench the tight fists of worry that many home sellers face, but it also serves as a sly little marketing strategy. Now, it’s not only about buying and selling homes in the traditional sense (cue referrals, showings, commission fees, and the occasional gray hair), but about creating a safety net that makes us think, “Hey, even if my home doesn’t sell, I’ve got 60 glorious days of mortgage-free living. I can literally ‘Roam’ around without a care.”
So, in a nutshell, while the rest of the real estate world drapes itself in lawsuits, stale coffee, and the aroma of fresh paint disguised as ‘new home smell’, Roam is out here redefining the rules of the game. They’re serving up real estate with a hearty side of peace of mind, as they say with a wink, “Take your time, we’ve got the bill.”
Genius marketing? Ultimate convenience? A bit of both, perhaps? Either way, this ‘Roam-antic’ new offer is sure to keep everyone on their toes (or rather, on their couches) in the days ahead. Savvy home sellers might just have found their fairy god-company in Roam. Let’s see if this sets a new trend in the real estate industry; until then, keep calm and let Roam handle the mortgage!
Original article: https://www.inman.com/2024/01/31/assumable-loan-platform-roam-offers-seller-closing-guarantee/
