1 / 44

RETAIN A CLIENT FOR LIFE

Learn how to successfully navigate the challenges of home ownership, including bond approvals and client retention. Understand critical factors like affordability, credit ratings, and deposit requirements that contribute to bond approval. Our comprehensive services offer education and training, budgeting tools, and mentorship to help you secure a mortgage and achieve your homeownership dreams. Don’t let bond declines deter you! Join us in exploring innovative options like Rent2Buy for risk-free entry into the property market.

xerxes
Download Presentation

RETAIN A CLIENT FOR LIFE

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. RETAIN A CLIENT FOR LIFE SOLLY MOLEFE sollymolefe@telkomsa.net 0832560655 MEYER DE WAAL 021 461 0065 083 653 6975 info@irent2buy.co.za www.irent2buy.co.za

  2. ? Who wants to buy a house ??

  3. ? What is holding you back ?

  4. ? A bond approval ??

  5. Home ownership - difficult to obtain Bond declines Background

  6. Bond declined Do we ever see that (potential) buyer again? Why not ?

  7. Estate Agents Less bonds approved – thus less sales Expensive administration costs of processing of declined transaction Loss of time Loss of revenue Banks Mortgage originators Property developers Sellers (distressed) & buyers Attorneys Impact on Stakeholders

  8. ? How do we retain a client for life?

  9. The Solution Home ownership - Education and training, mentorship and after-care services Budget & Financial Fitness Evaluation, (affordability and credit check) education, (My Budget Fitness training and home ownership education provided prepared by Setsmol) monitoring and guidance (personal My Budget Fitness Coach) Web-based & mobile budgeting tools (mobile2budget) Rent2buy or lease to own Risk-free entry into the property market Rental insurance

  10. Let us start How do I get a bond ?

  11. 3 x main ingredients for bond approval : Deposit or Loan to Value LTV Affordability Good credit record – managing of credit in the past – and in the future

  12. r2b affordability Bond of R500 000.00 Repayment per month @ 10 % over 20 years = R 4 800.00 p.m

  13. You must also budget for Repayment per month = R 4 800.00 Plus rates and taxes and levies pm R300.00 Total budget pm = R 5 100.00

  14. 3 x main ingredients for bond approval : Deposit Affordability Goodcredit record

  15. Getting my budget fit? Improve yourcredit rating

  16. First - determine the credit rating _

  17. THE STEPS TO GET A BOND . Bond approval Credit score

  18. Annuity income for the future How do we do that ? How long does it take?

  19. HOW LONG DOES IT TAKE? BOND APPROVAL START EARLY

  20. Determinethe credit rating and time A B C D

  21. A STRONG APPLICATION WITH DEPOSIT A Affordability Credit rating BOND APPROVAL

  22. MINOR PROBLEMS B Affordability Credit rating My Budget Fitness Training 6 – 9 months

  23. Not good credit record Bond declined * judgements * slow payments * debt review

  24. PROBLEMS C Affordability D Credit rating • My Budget Fitness Training • – 24 months • Or longer

  25. THE STEPS . Bond approval My Budget Fitness Credit score

  26. getting closer . Bond approval Building Up Credit Rating My Budget Fitness Credit score

  27. Almost fit . Ready for bond application Building Up Credit Rating My Budget Fitness Credit score

  28. can I buy ? . Ready for application Building Up Credit Rating My Budget Fitness Credit score Consider rent2buy

  29. Rent2buy Bond declined * Rent for 6 – 12 months * rent = to future bond repayment * Rental Insurance * My Budget Fitness * Income stream for Estate Agent

  30. R2b Documents involvedno costs to roll out R2b Option Agreement SALE AGREEMENT R2b rental Insurance & Administration

  31. THE RESULT! . Bond approval Ready for application Building Up Credit Rating My Budget Fitness Credit score

  32. r2b r2b Personal Credit Fitness Trainer

  33. How do we manage the process through 6 – 18 months ?

  34. Your own Credit Personal Trainer

  35. My Budget Fitness Track record How do I follow my progress ? [and what will the Bank see when you apply for a loan]

  36. R2b Mobile2budget A free application How do I do it ?

  37. How did I spend my money ?Under or over budget?

  38. On what did I spend my money ?

  39. Did I improve my affordability&credit rating ? • .

  40. 24/7 overview

  41. Who Are We? SetsmolHousing Education & Training SA Home Loans & Institute of Estate Agents

  42. Other roleplayers Nurcha & Communicare Various estate agencies FNB and AngloPlatinum Mortgage Originators link

  43. COSTS 3 hour training = R650.00 – once off 6 months x R300.00 pm Total cost over 6 months = R 2 450.00 Setsmol is CETA registered

  44. Retain a client for life ! SOLLY MOLEFE sollymolefe@telkomsa.net 0832560655 www.irent2buy.co.za info@irent2buy.co.za Meyer de Waal 083 653 6975

More Related