B&M Asset Group is a locally owned company. We have built over 2000 homes in the Amarillo, Texas area. We have also been making dreams come true in the real estate market for over 50 years.
Sum of All the Parts
At B&M Asset Group, we believe in a “Sum of all the Parts” approach to acquiring a new home. It’s not as simple as selling a home or buying a new home. Instead, there are several components that work in tandem to create an overall picture of comprehensive quality. Together, that creates the Sum of all the Parts. B&M Asset Group takes the complexities of buying and selling transactions and breaks them down into easy-to-understand terms. Our Amarillo home builders optimize each aspect of this process to make financing a new home possible, whether you are looking for an investment property or your forever home. There are many facets to consider in the Sum of All the Parts:
We Buy Yours, You Buy Ours
- Buy now without the hassle of selling
- Save the expense and hassle of moving twice
- You pay no commissions, fees, or closing costs
- Trade value based on a market appraisal
- Keep a portion of your equity to pay off debt or put toward a new home
- No multiple showings of your current home
- Eliminate uncertainty — you’ll know what you are getting
Your Current Home (the Exit Property)
B&M Asset Group is the only company in the nation that offers a purchase program for your existing home. We will order an appraisal by an independent third party and offer you a price that typically comes in at 90 percent of the home’s value. When we purchase your home, there are no fees. You pay no commissions, fees, or closing costs. This could save you substantial amounts of money. Many of our customers are able to sell B&M their home and keep a portion of the equity to pay off credit card debt or reset financial clocks. When B&M buys your current home, there is no need to list your property. You won’t have to deal with showing your home to strangers at inconvenient times. And you won’t wonder where you’ll live during construction if your home sells quickly.
Cost to Insure Your New Home
B&M Assets works with many insurance providers. There are many things we can do to help you save money on insurance. Focusing on these details can save you up to 50-60 dollars monthly. This gives you purchasing power to buy more home with the ability to add 12-15,000 dollars toward the cost of your new home, whether it’s a large floor plan or custom home improvements.
Costs and Mortgage Loan Interest
While mortgage interest rates are at historic lows, the cost to insure a loan against default is historically high. Monthly fees for mortgage insurance or FHA premiums add to your overall payment. These fees help protect the lender against default, but they do not benefit you at all. B&M Asset Group structures the transaction to reduce these fees or make them as low as possible, sometimes reducing your payment as much as 200-250 dollars each month. This equates to 60,000 to 70,000 in purchasing power. Again, giving you the option to build a more expensive home.
At B&M Asset Group, we pay a percentage of every transaction toward your closing costs. Many times, this will allow the buyer to lower their interest rate by buying it down. We will look at how long you plan to live in your home and see if this approach makes sense for you.
Property tax will affect your overall monthly payment, but there is nothing the buyer of B&M Asset Group can do to lower your property taxes.
The Time Value of Money
What is your time worth? B&M Asset Group allows you to complete all transactions within the sell and purchase of your new Amarillo home in one place. This saves time and hassle. We run a tight ship, with the goal of providing true value to our customers and growth for our company.
We have an option for you
All of these factors are part of a well-designed plan to give you the most value for your money. Comparably, we challenge you to take a look and make sure you will find that home for home and dollar for dollar, as B&M is an innovative leader in providing quality and affordability. We pride ourselves in helping people just like you achieve their goal of homeownership. Regardless of your circumstances, don’t rule us out. With so many programs and resources available, we would love the opportunity to discuss your needs and the options available to meet those needs.
Contact us today to learn about our lease to purchase program, affordable home buying options, and more!