C- Commitment $ (up front) from Buyer (This is usually 1-3% of purchase price)
O- Obligated 12-24 Monthly Payments (higher than market rent and lower than current rate on mortgages)
R- Retain a down payment (usually equal to 10% of the purchase price)
E- Equity Distribution over time (seller getting paid on equity, buyer purchasing equity)

Not At All! Seller Finance is when the seller agrees to sell the property and be the bank financing the purchase price for the buyer. This is typically structured over 30 years with a down payment and monthly interest. CORE is more similar to a lease option where you as the owner will still maintain ownership during the lease period and then sell 12-24 months later.

That's a great question! What makes this better than simply renting it out, is you capture the upfront Commitment from the buyer which is non refundable, plus their monthly payment is higher than fair market rent. Part of their agreement to maintain the option to buy at the end of the lease period is they have to make on time monthly payments. If they don't they have already agreed to a 30 day notice from any default and no return of the deposit. So you capture more than you would renting it and less liability than renting it.

Perfect! We don't want you to either. The beauty of selling this way is you have no responsibility to maintaining the home. As a condition of their lease and option to purchase, they MUST cover the expense to maintain the condition of the home at no expense to you the seller. This is a condition to them graduating into ownership and fully prepares them for what ownership will be like.

These are such great questions! For the same reason buyers aren't buying right now, sellers aren't able to sell. If the only alternative for them is to rent it or wait out the market, then it's not solving the issue of needing to sell. In my experience when buyers are able to buy this way there is less focus on price and more focus on monthly affordability. If we structure this to make sense for someone monthly, then we are able to sell on average for 35% more than fair market value.

Due to high interest rates, 57% of buyers applying for mortgages were denied. 2 short years ago it was only 14% of applicants were denied. Simply put people cannot afford mortgages at the current interest rates. Most of our buyers are small business owners and ITIN/1099 employees. These buyers usually don't qualify for mortgages due to how they receive their income. It's almost never a credit issue. This process allows them to graduate into ownership and during their 12-24 month lease period we will be working with them to get them qualified with our preferred lenders.

In today's world of real estate most agents operate in that capacity part time or as a side hustle to also having a w-2 job. There has been a mass exodus of realtors - meaning more realtors will leave the industry as a whole over the next couple of years than have ever left. Why? Because they aren't able to earn an income from it. With CORE not only does the property sell, but the agent gets paid in the process at no cost to the seller! It's a no brainer for agents to adopt this method.

Even better. If this is your situation, you were most likely going to have to pay at close of escrow just to get your home sold! Talk about salt to the wound! However by selling through CORE at a 35% mark up you now have an opportunity to profit. Most of our sellers are even willing to leave their mortgages in place even at the time of purchase because we bring such highly qualified people who have been vetted make every monthly payment.

We work with licensed RMLO's (residential mortgage loan originators) they have a lengthly qualifying process, which does include a credit check, however only the income check and verification is required for the lease phase. A prospective buyer has to provide proof of income prior to even viewing the home. 57% of their income minus their expenses must leave enough to cover the monthly payment for the property to qualify.

Such a Great Question! Since you're now able to sell for a 35% markup any amount paid to Stellar Home Solutions and or the agent are coming at no additional cost to you as the seller. We typically earn in 3 areas from the transaction. Click below to know more! Also, here's a bonus! Any amount collected from the option fee, and monthly lease payments is tax deferred! Meaning you don't pay any tax until you sell the property and you still most likely wont have a tax burden at all. We recommend you consult with a tax professional.