Ultimate Value Properties
Helping you achieve 'Ultimate Value' in Home Ownership is our business
Frequently Asked Questions
What kind of company is Ultimate Value Properties?
Ultimate Value Properties is a customer focused company whose mission is to help you acquire an affordable home that fits your requirements and budget. We buy, build, and sell properties that we own, and may provide some owner financing with some of our programs for qualified customers. We are not a licensed Real Estate broker or supervised lender; however, our staff has extensive experience to help you acquire a new home along with contacts in the industry to ensure comprehensive service in making the home buying process easy and efficient.
Ultimate Value Properties is a customer focused company whose mission is to help you acquire an affordable home that fits your requirements and budget. We buy, build, and sell properties that we own, and may provide some owner financing with some of our programs for qualified customers. We are not a licensed Real Estate broker or supervised lender; however, our staff has extensive experience to help you acquire a new home along with contacts in the industry to ensure comprehensive service in making the home buying process easy and efficient.
1.) Why should I use one of the Ultimate Value Properties programs?
Because we make purchasing an affordable home easy and achievable for qualified customers. Our Rent-to-own program is popular because of the little money down, flexible contract terms, extra time to secure financing, and opportunity to provide sweat equity (when applicable) which can reduce the cost of the home. Qualified customers who select one of our home building packages may also obtain a “no money down” construction loan with a local lender.
2.) How much of a downpayment do I need?
Honestly, it depends. It depends on the program and property. Our goal is to help you acquire an affordable home that fits your budget. Traditional financing requires at least a 10-20% downpayment plus closing costs. For qualified customers, we can typically do better.
Honestly, it depends. It depends on the program and property. Our goal is to help you acquire an affordable home that fits your budget. Traditional financing requires at least a 10-20% downpayment plus closing costs. For qualified customers, we can typically do better.
3.) How does the Rent-to-Own program work?
Rent-to-Own is a great method of acquiring a home for qualified customers who find it difficult to come up with a large down payment. It combines a rental agreement with an option to purchase the property and all terms are negotiated up front (price, option term, and rent). The customer has his/her option payments applied to the down payment at closing, and they decide when (or if) to execute the purchase option. In fact, during the Rent-to-own period, your monthly payment may be less than a traditional loan and you may build more equity. Please note that Rent-to-Own can be applied to both home building packages and existing homes.
Rent-to-Own is a great method of acquiring a home for qualified customers who find it difficult to come up with a large down payment. It combines a rental agreement with an option to purchase the property and all terms are negotiated up front (price, option term, and rent). The customer has his/her option payments applied to the down payment at closing, and they decide when (or if) to execute the purchase option. In fact, during the Rent-to-own period, your monthly payment may be less than a traditional loan and you may build more equity. Please note that Rent-to-Own can be applied to both home building packages and existing homes.
4.) Do I have to have own land for the Building Packages?
Absolutely not. Our building packages are site independent and can be built on an existing lot if you have one, or bundled with a lot that we have, or we will help you find a parcel that meets your requirements.
Absolutely not. Our building packages are site independent and can be built on an existing lot if you have one, or bundled with a lot that we have, or we will help you find a parcel that meets your requirements.
5.) What is the price list for the Building Packages?
We have a standard price list for all of our site independent plans, and we can help you determine the best plan and package based on your affordability and requirements. If we (or you) do not already have a lot, the total price may vary based on the lot selected, however, we will work with you to set a lot budget and help you find one that meets your needs.
We have a standard price list for all of our site independent plans, and we can help you determine the best plan and package based on your affordability and requirements. If we (or you) do not already have a lot, the total price may vary based on the lot selected, however, we will work with you to set a lot budget and help you find one that meets your needs.
6.) How does sweat-equity factor in?
For qualified customers whether it is a home building package or an existing home, there is almost always an opportunity for you to contribute "hands-on". If approved as part of the overall plan, the "sweat-equity" factor would reduce the overall cost of your home.
For qualified customers whether it is a home building package or an existing home, there is almost always an opportunity for you to contribute "hands-on". If approved as part of the overall plan, the "sweat-equity" factor would reduce the overall cost of your home.
7.) What financing alternatives are available?
For home building packages and existing homes, Rent-to-Own coupled with a traditional loan may be an option for qualified customers. For home building packages, a construction loan with a local lender may also be an attractive financing choice. Once we understand your requirements, we will work with you to help determine which financing alternative best meets your needs.
For home building packages and existing homes, Rent-to-Own coupled with a traditional loan may be an option for qualified customers. For home building packages, a construction loan with a local lender may also be an attractive financing choice. Once we understand your requirements, we will work with you to help determine which financing alternative best meets your needs.
8.) If I request information, how long is it before someone contacts me?
A project manager or sales associate will contact you within 2 business days of your request. To expedite communication, please indicate the best time(s) to contact you on the contact form.
A project manager or sales associate will contact you within 2 business days of your request. To expedite communication, please indicate the best time(s) to contact you on the contact form.
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