If you are looking to buy a home but are reluctant because:
- Fear that once you buy a home, the value of your home could still drop in value.
- Fear that you might lose your job and not be able to keep your home.
This product is designed to help you the home buyer by transferring the risk that your home my drop in value after you purchase it to a third party that will take that risk for you.
Home Price Protection provides coverage against the loss in market value of your home for up to 20% of the home’s value (based on the sale price to the home buyer at time of home purchase). If you sell your home after 3 years and before the 8th year for less than you paid for it you can be reimbursed up to 20% of the price you paid for your home. Your reimbursement is limited to:
- 20% of the original purchase price,
- Your actual loss after you sell your home between years 3 and 8. and
- The decline in the Case Shiller Index for your area.
Home Value Plus, accomplishes multiple objectives for multiple parties in the home sale transaction.
For the Buyer – Price Protection provides assurance and peace of mind that if the value of the home decreases they can be made whole. Which is a considerable assurance for the buyer since the home is typically the largest single investment made by most Americans.
For the Builder – Price Protection provides additional assurance to the home buyer to ease the transaction along and to provide an advantage over other builders not providing Price Drop Protection·
For the Lender – Similar to the builder, the Lender is provided with a way to ease the transaction along and help induce the sale.
The Plus: For Everyone – Covers the home buyer from month 7 to month 36 of home ownership should they lose their job, the plus will pay up to $1,500 per month for up to 6 month to help home buyers keep their new homes!
That is why GDI has been working since Oct of 2007 to arrange for a product backed by an A rated Insurance Company!
To learn more about Home Value Plus and to get a quote call GDI Insurance at 888-991-2929 or get a quote online today!