Our Home Buyer Program for Tenants
What Is the Home Buyer Program?
Buying a home can be a significant and daunting decision to make, but it does not have to be that way! The MHN “Home Buyer Program” provides you with the information, support, and expertise you need to make the home-buying process exciting, rewarding, and stress-free!
When you chose MHN to assist you in buying your home, you enjoy these benefits:
You will work with a skilled REALTOR® team that has the knowledge and expertise to help you through this important process.
MHN will help you develop your home-buying strategy to relieve the stress of trying to time your lease end date and home closing date.
MHN offers free cash to be used towards closing costs. We contribute $500 for homes under $250,000 and $1,000 for homes over $250,000.
MHN Realtors are extremely knowledgeable REALTORS® regarding maintenance, repairs, reading and understanding inspection reports, estimating repair costs, and recommending trusted vendors. Because we go into more homes than probably your average real estate professional, we have a detailed idea of common trouble points to look out for, as well as serious defects vs. what is not.
Depending on your lease end date, MHN can write short extensions to help alleviate time pressures, double rent/mortgage payments, and the stress of being temporarily homeless if the deal doesn’t close on time or if you can’t find the home quickly enough. We can also work with you and the homeowner to select a lease extension end date that sets you both up for success.
We also work with highly experienced lenders that place your needs first. If you do not qualify for financing right away, they will create a detailed plan to assist you.
You have already built a long-term relationship with the MHN team! We’ve taken care of you as tenants and we will take care of you as buyers. When you make the largest financial decision of your life, it is vital to work with someone you know who is honest, knowledgeable, ethical, and trustworthy.
Let MHN help make your dreams of home ownership a reality!
To Qualify for the Home Buyer Program:
Tenants must be up to date on all obligations under their lease, sign a buyers representation agreement with MHN Property Management, and qualify for a loan.
Home purchase/listing must contain a sales commission of no less than 3% of the total purchase price to be paid at closing to MHN Properties, LLC by the sellers or builders of the home.
The cash credit applies only to the residential home purchase of new or pre-owned homes located in San Antonio or the surrounding areas.
This program has no cash value, is non-transferable, and cannot be applied to any other type of real estate transaction. If the tenant's lease agreement is breached, all credits will be forfeited.
The cash credit will be applied at the time of closing.
Our professional Realtors look forward to guiding you through the entire process of purchasing your home, from obtaining financing to closing.