I think this is a great idea, especially considering how expensive homes are these days. It is definitely something I would appreciate.


Web site helps new couples accrue down payment for home


Instead of helping a young couple start out with china, crystal, and other home
accessories, a new Web site helps that couple start out with a new home.

Feather Our Nest (www.featherournest.com) creates a way for family and
well-wishers to present the bride and groom with the ultimate wedding gift,
their first home. Or rather, it gives them the opportunity to create a nest egg that will be a down payment for a new home.

The brainchild of Carol Peterson, an experienced Realtor and founder of the
Travel Bride honeymoon registry (www.travelbride.com), the Feather Our Nest
mortgage registry is a unique concept to help any newlywed couples get
started with their first home.

The service works like any wedding registry. The bride and groom register online using the simple Web form or by telephone. Feather Our Nest will then provide the couple with a set of attractive Wedding Registry cards that can be given to friends and family to advise them of the registry and provide instructions on how to make cash contributions of any denomination toward a new home down payment.

Gift-givers receive gift cards that can be presented to the newlyweds, and
timely updates with lists of gift givers are delivered via e-mail to the bride and groom.

“Today’s newlyweds are searching for innovative and different types of
bridal registries, especially since many couples already have established
households and don’t need two toasters or more china,” Peterson said. “With
Feather Our Nest, we help young couples cross the threshold toward a new
home. What better way to help a young couple start out?”

To help registered users find a home, Feather Our Nest is affiliated with
Referral Network, Inc., which helps connect prospective homebuyers with
qualified real estate agents anywhere in the United States and Canada. If
the newlyweds use an agent within the referral network, the $300 registry
fee for Feather Our Nest is fully refunded at the close of escrow.

For more information, visit Feather Our Nest at www.featherournest.com.

 

Don't most people just give cash at weddings anyway?

 

We did a honeymoon registry for our engagement party and it worked out well. This seems to be fairly similar. I'm not sure what the make of the $300 fee. It is fairly steep if you don't get many gifts on the registry. Still, an interesting idea that could work.

Many people do, but this makes them feel like they are getting you "more" than just cash. They are helping you buy a home.

 

Pretty much.
I don't really see the point of this.

 

I think it works better for a honeymoon than it will for a home. With the honeymoon registy, you sign up for items like "a night at our beachfront hotel" or "a romantic dinner for two" with prices for each thing. In reality, you get a check for the amount of people's gifts (minus fees, if any) and you spend it on anything you want. For a house it would be like "half a square foot of our living room"

 

Some do, some don't. I've been to so many weddings where the couple has registered at Bed Bath and Beyond, Macy's, Target, etc., and I just can't help but think, why? Don't you have sheets for your bed, and dishes, etc? I just thought this was a different idea that would work really well for people who already have all the stuff they need and don't want to register at stores.

The $300 fee is a little steep, but can be recouped as long as you get donations and/or use a realtor in their network to find your house. Anyway, I just thought it was a different idea.

 

:shakehead Dating for only two months and already thinking about what to do for wedding gifts.

 

Lol

Actually, I just happened to see it on the local newspaper's web site yesterday. It was one of their headlines.

 

I think this is a great idea. My husband and I recently got married and we already had everything we wanted (and then some). Unfortunately, we didn't know what to do so we registered for things very few things and just asked for gift cards and such. We got mostly money though. I don't know about the $300 fee.

We already owned a home at the time before getting married, but we're not using the money towards a bigger place.