Seniors can buy a new home (even a new construction) and reverse its mortgage at the closing. Agents can therefore get the listing on the senior’s current home, and the senior uses some of the net proceeds as a down payment on the next home and mortgages the balance as a reverse. And the agent then makes the sale or the referral on the home the senior wants to move into. It’s such a win-win.
- New Jersey Real Estate - 3 Elective Credits
- New York Real Estate - 3 Credits
- Pennsylvania Real Estate - 3 Credits