The Problem
A renewed interest in housing market speculation has developed into predatory real estate practice that threatens the well-being of communities.
International investors, unscrupulous regional speculators and institutional investors have flooded our local housing market with unprecedented amounts of cash to purchase homes that are typically unmortgageable.
This interest is partially driven by tech companies who are promising to disrupt the real estate community and give windfall profits to venture capitalists.
Aggressive “all cash” investors are going door to door in real estate stressed communities to take advantage of people who need to sell their homes quickly.
This cash has flooded the local real estate market and set up conditions that are hazardous for home buyers, home sellers and jobs in the real estate community.
Investors patch-up houses using cheap labor and cheap materials to maximize profits. Professional services are handled outside of the community and laborers don't get paid a fair wage.
This has distorted the value of housing. Buyers are paying more for houses than they're worth, many need to replace shoddy repair work and end up with a long-term burden from hefty utility bills.
In addition, houses are often rented as a way for corporations to consolidate their local portfolio, create scarcity, drive up prices and further distort the market.
Our Solution
Reclaim Real Estate provides a socially responsible cash alternative to predatory home flipping.
We can move on a property with the same speed as a cash offer by working with buyers who have been pre-approved for a rehab loan.
We work with families and industry professionals who are community oriented and sustainability minded. Together we plan the rehab to be energy efficient and customized to meet the families needs.
We work with our families to customize a sustainability focused rehab using licensed contractors paying living wages while working with industry professionals.
Our team works on the ground to find the best homes for our families. We operate with a buyers agent to compete in the market place of fast paced bidding and all cash offers.
Because cash offers are easier and more desirable to sellers - Reclaim Real Estate makes two offers on every home that our families want. One cash offer with our socially responsible investment portfolio, and another based on the pre-approved rehab loan.
If the cash offer is accepted Reclaim Real Estate will get the family into their new home for a small fee. This fee goes to our impact investors who expect a low ROI, this eliminates profiteering.
If the Rehab loan offer is accepted Reclaim real Estate will guide the family through the standard home buying process over the next few months.
Reclaim Real Estate and our network of professionals make our living from labor, not from speculation.
