Start building wealth now (even if you can't quite afford it)

Welcome!

Greetings, my name is Andrea and I am a real estate agent in the Pacific Northwest. As an agent, I have witnessed first-hand the effects of our rising interest rates. Clients who last year could afford a home, now cannot. The higher interest rate is the reason.

What are the options? Wait for a salary raise or job promotion. Wait for interest rates to go down or house prices to go down. All of these options take time, and the second one (wait for house prices to go down) might not help because competition remains high for affordable homes. That is, once a house price lowers on a good home, there are many eager buyers willing to snap it up. Often investors are in the mix too and are able to make offers of cash which is usually what the seller chooses.

I am a believer in using real estate as a way to build wealth and save for retirement. Seeing this opportunity fall out of reach for so many people, has been sad and frustrating.

After much thinking, I devised a new "out of the box" option, and "Matchmaker Real Estate" was created.

"Where there is a will, there is way."

~ Anonymous
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Mortgage Interest Rates by Year

2013-2023

Last 10 years of rates



How it Works

Matchmaker Real Estate pairs up qualified buyers with each other with the goal of purchasing a home together (to combine buying power). These buyers proceed through a process of getting to know each other. If they decide that they think it's a fit, they look at homes, find a home and purchase that home together. They become co-owners and housemates. Blending their strengths together, they are able to enter the real estate market and begin building equity. No more wasted rent payments.

How is each buyer "qualified" ?

It is a 2-Step process. First, each Buyer is qualifed financially by a professional lender. Their financial background, credit, savings and down payment abilities are assessed. Next, there is the personal side - getting to know the buyer and what type of home they want: location, size, appearance. And finally, what type of housemate would they like? With what personality type do they see themselves getting along?

Our Matchmaking

Then, we get to work. We look at our "Qualified Matchmaker Buyers" and see which ones are compatible.

Would I live with a stranger?

By the time you give it a green light, they will no longer be a stranger. First of all, we vet "your match." We make sure that their share of the "buying power" is real. They get "pre-approved" with our lender to make sure their credit, savings and down payment are solid. The next step is for you to meet each other. You two have a clear goal and that is to consolidate your buying power to propel yourselves into the real estate market (purchase a home), and you can't do it without each other. Most people want to purchase their first condo or home on their own, but if it's not possible, this is possibly the next best way. It's an arrangement with a purpose. The purpose is getting you into a home where you start to build equity (and leave the world of paying rent to your landlord).

By the way, your landlord is "on the other side" building wealth. They are where you want to be one day: enjoying homeownership while getting another person to pay their mortgage (you). The first step to get there is: to achieve homeownership with your first home.

What is the Goal?

You two have a clear goal and that is to consolidate your buying power to propel yourselves into homeownership. You can't do it without each other. Most people want to purchase their first condo or home on their own, but if it's not possible, this is possibly the next best way. It's an arrangement with a purpose. The purpose is getting you into a home where you can start to build equity. It's understood that you would prefer to buy a home on your own, but it's not possible right now. This is the next best way that might make homeownership happen. And remember, it's not forever :)

How do I know if I'll be compatible with this person?

This is the "Determining Compatibility" phase. Not only will they be interviewed and vetted financially, the same will be done to determine your compatibility with each other. We have personality tests, compatibility tests and detailed questionnaires that address the nitty-gritty of living together. We are involved in some of the questionnaires to make sure that the "nitty-gritty" items are discussed and solved. We know that your compatibility is key to making this endeavor work.

The "Getting to know each other" phase

The choice to move forward in this endeavor is YOURS. It's always yours. You will spend some time with your Potential Housemate. You will make sure that your financial goals are aligned and that you can both "sign off" on acceptable "co living arrangement." Again, the goal here is achieving homeownership through combined buying power. And, you are making a personal sacrifice of living as housematers for a certain number of years to make this happen.

Our Goal

To see you set up to be building wealth. We want a good future for you. Imagine where you are right now, now imagine yourself in 10 years. We want that "10 Year" self to look to be thrilled at where you are. We want your 10 Year Old-er Self to see that they have built wealth over the last 10 years. That you are in a better financial place now helped by real estate!

Don't Want

What we don't want...is to see your 10 Year Old-er Self still paying rent. Still discouraged about the real estate market. Still thinking that it's out of your reach. And still paying rent to a landlord. That landlord is using your rent check to build their own wealth. Don't build someone else's wealth, build YOURS.

Is this a Sacrifice?

Yes, it is a sacrifice. You will be housemates with someone when you'd probably prefer living alone. However...how else are you going to afford your first home? This is an alternative way to make homeownership possible for you. And you don't have to live with them forever. This is a stepping stone.


"To have the things we've never had, we have to do the things we've never done."

~ Anonymous


WHAT IS SO GREAT ABOUT HOMEOWNERSHIP?

What are the benefits?

For starters, we have to live somewhere. If it's with family, that's great...free rent. But if we don't have that luxury (or we don't see it as a luxury - haha), we are usually paying rent. And it's usually being paid to a landlord or owner of that home or apartment building.

What is the landlord doing with my rent payment?

Your landlord is BUILDING WEALTH! Your landlord loves your rent check! Why? Because she is paying down her BALANCE on her loan with your rent check.

Like a diamond

What if today you bought a diamond with your credit card? What if every month when the bill comes, someone else pays that bill (or a large portion of it). This goes on until the balance is completely paid off. What do you have at the end? You own the diamond free and clear, AND it increased in value over all the years you were paying on the loan. This is what it's like to be a landlord, your renter pays that monthly payment. When the loan is paid off, you own the entire house free and clear, AND the value of the home has increased. You are the owner of a very valuable diamond

What balance is my landlord paying down?

In order for your landlord to purchase the home that you live in, she had to get a loan. The bank most likely gave her a loan. Just like a credit card, there is the "total owed" amount for what she owes on this loan. She can pay that monthly payment herself or...she can use your rent check to pay the monthly payment. If she bought the house for $500,000, after 30 years, her balance will go down to zero and she will have paid off her loan. She will own the entire house AND the house will have increased in value.

What happens in 30 years?

In 30 years, your landlord could be a millionaire. Just off of renting one house. Did she pay her monthly payment all by herself? No. You (and the other renters after you) helped pay it for her.

What could a housemate do?

Just like a tenant, a roommate or housemate can help pay your loan payment. For them, it's just temporary housing. But for you, they are helping you pay down your loan. Your investment is growing with every monthly payment that you make. Why? Because you are paying down that loan. One day it will be paid off and you will own the house free and clear, AND the value will have increased. You will have a very valuable diamond in your hand

“Ninety percent of all millionaires become so through owning real estate.”

~ Andrew Carnegie

“Thinking outside of the box allows you to get rewards outside of your reach."

~ Matshona Dhliwayo