Whether you are new to the Lehigh Valley or have lived here your whole life, buying or selling a home can be a stressful, and expensive, time. The same is true for Lehigh employees who live outside of our home region as well.
To help you navigate a path through the real estate and mortgage negotiation process, Lehigh has partnered with benefit provider Bundle Select to offer two unique benefits for everyone in the university community. These benefits are available at no cost to you or to Lehigh.
About Bundle Select
Bundle Select is a real estate platform and concierge service. As a real estate platform, they bundle top-rated REALTORS®, lenders, title companies, and relocation services together, saving employees 20% or more* in transaction fees. As a concierge service, Bundle Select guides employees—at no cost—through their transactions, all the way from signup to “sold.”
Bundle Select co-founder and Lehigh alumnus Robert Snedden Edwards ’90, provides real estate benefits to Fortune 500 companies to assist with relocation. Now, Lehigh employees, alumni, students and family can also lower their cost of home or property purchases significantly. Bundle Select is the only corporate benefits program in the US that pre-negotiates significant savings on two major costs in the real estate transaction process: agent commissions and closing costs.
Details About the Bundle Select Benefit
1. Closing Assistance: Receive 1% of your mortgage amount back as a credit at closing.
When you use a pre-screened Bundle Select preferred lender to obtain your mortgage, you will receive 100 basis points of the value (1%) of your mortgage as a credit to reduce your closing costs. For example, a buyer would receive a $5,000 credit on a $500,000 mortgage, provided by the lender.
2. Agent Commission Reduction: Save 20% on a real estate agent’s standard transaction fees when you choose a Bundle Select participating real estate agent.
Bundle Select staff have pre-screened experienced local real estate agents in every county in the US who have demonstrated high-quality service. To participate in this program these real estate agents have already agreed to lower their usual transaction fee by 20%. When you engage one of Bundle Select’s pre-screened agents, you do not have to negotiate this in advance; it’s already done for you.
Why Bundle Select’s Benefit is Unique
Most banks and mortgage originators offer only a quarter percent as a closing credit to their own employees. A closing credit of one percent is an unheard-of credit to the borrower in the mortgage industry.
Lehigh and Bundle Select have pre-negotiated this closing credit for you. It is available regardless of what kind of real estate transaction you are involved with, whether you are a buyer, seller, or even an investor in land, apartments, or commercial properties.
How to Get Started
A live concierge will take your initial call to Bundle Select. They will provide you with a loan officer and a local real estate agent. The concierge will then continue to assist you throughout the process.
To read more about Bundle Select and contact a concierge, visit the Bundle Select website exclusively for the Lehigh community.