CASH is KING!!!

Over the last few months, I've noticed that some of my clients on the buyer side have been getting a little discouraged because they are hearing the horror stories of us being in a "sellers market" and are afraid of being outbid by cash buyers and investors.

Well, let me let you in on a little secret... Come closer... Just a little closer. There are cash buying programs out here to help assist you in winning those bidding wars.

As a real estate agent, it's my duty to make sure my clients are comfortable about the current market state and ensure that they get the home of their dreams. To ensure that, I have joined forces with a few great cash purchasing companies to back my clients with CASH to assist them in getting their homes.

If you're interested in learning more about them, keep scrolling.

As the title of this email says, CASH IS KING... And that's exactly what these programs offer. As I stated before, I'm affiliated with a couple programs that will buy your house CASH for you to assist you, the buyer, in winning these bidding wars against cash buyers and investors.

The first is Ribbon. If you haven't heard of Ribbon, let me tell you a little about them.

What they do is UPGRADE your traditional conventional, VA, FHA, or USAA offer to a CASH offer so you stand out from the competition. They work with you in conjunction with your pre approval, if you have one, and buy the house you choose in cash to reserve your dream home for you.

For instance, you're pre approved for a $250,000 loan. Ribbon will turn your pre approved loan amount into a CASH OFFER giving you the upper hand because it's like you're coming to the table with CASH money!!!

No pre approval yet??? No worries, they still got you! If you don't already have a pre approval at closing, they give you up to 180 days (up to 210 if you have an FHA loan) to secure financing and repurchase the home back from them.

Once you get your home, after closing you turn around and repurchase the home from Ribbon at the original contract price, pay their fee then the home is completely yours. If you had secured your financing before closing, the fee is 1%. If you didn't have financing at closing, your fee would be 2.4% for Georgia (fees vary from state to state).

In the event you didn't have financing at closing, you will have the option to rent the home from Ribbon for up to 180 days (up to 210 days for FHA loan) to give you time to secure financing to repurchase the home back from Ribbon. During this time, you'll have to pay prorated rent at a daily rate, paid monthly. You only pay for the days you need to stay in the home while you work with your lender to secure financing for the home.

Once you've worked with your lender to secure the financing, there will be a second closing with you and Ribbon where you will buy the house back at the original contract price plus any associated fees including but not limited to closing costs, Ribbon fees, etc.

If this sounds like something you're interested in, click here to get started or book your online buyer consultation here for more information.

Be on the lookout for my next blog post to tell you about my other program, Homeward.

Happy house hunting.