Value Increase – The house that has the
HomePort life-style products and services “Attached” has more value then a
house that has no products and services “Attached”. If your house has $18,000
of HomePort telecom services “Attached” to the house, your house has $18,000 of
additional “Value” as compared to another house that doesn’t have the telecom
services “Attached”. This increased “Value” can be used to get a larger
mortgage loan or a higher price when you sell.
Appraisal of Value – Most times
when you are going to finance or refinance your house, you will need an
appraisal. Your appraiser will compare your house to other houses that have
sold in your area. The appraiser then adds to or subtracts from your house’s
value based on whether your house as amenities that are better or worse then
the “comparable” houses. If your house is identical with another house, but
your house has $18,000 of pre-paid telecom services “Attached” then your house
should be worth $18,000 more than the other homes.
Certification of Value – At the time you
purchase your home and when you decide to move, HomePort will perform a
valuation and issue to you a Certificate of Value. The valuation will include
the amount that has been pre-paid or that is remaining in your account Cash
management Account plus the current value of the fiber and wireless network
connection to your house; the Network Access Charge (“NAC”). For example,
assuming you are going to sell your house at the end of year four, the
Certification of Value would show $3,600 remaining for your Telecom Services
($18,000 less 4 years of service at $3,600 per year). The NAC value would be
calculated. If the original NAC value was $6,150 The NAC value would have
increased in value from, for example, $6,150 to $8,900 (8.45% per year). The
Certification of Value would total $12,500 ($3,600 plus $8,900).
Transferring Your Services – When you sell,
you have a couple of choices. One, you can transfer your Telecom Services
balance to your new home and apply it as a credit for the purchase of another
five years of HomePort services. Or, two, you can sell the Telecom Services’
balance and NAC value to the purchaser of your house. You can do this by
increasing the sale price of your house by the amount on the Certification of
Value and transfer the cash balances and the NAC connectivity to the new
purchaser.
Value Retained – You never lose the value of
your cash balances and your “Telecom Connectivity” continues to add value to
your house!
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