how the cash offer works

See how much we can back the buyer with cash. The amount is based on the pre-approval. This program is only for buyers that are going to use the property as primary residence. The property has to be vacant at the time of closing in order to qualify for a Cash Offer.

 Let's make a powerful all cash offer with Our Partner’s backing. 

Buyer submits the deposits. Once the inspection period is completed, the sale is guaranteed.  

Our partner purchases the home and reserves it for you if financing isn't secured. If we close on-time with the loan, then the fee for using the CASH OFFER SERVICES is only 1% of the purchase price. If the loan does not close on time, then you pay a prorated rental amount until closing on the loan plus 2.75% fee for using the CASH OFFER SERVICES to purchase the property. 

The buyer only pays for the days they need and gets up to 180 days to secure financing and buy the home back.

 The buyer buys the home back from our partner at the original contract price.

• We upload the buyer's pre-approval letter to our Partner's platform.
• Once our partner's team confirms details with the loan officer, they will back the buyer with CASH up to the pre-approval amount.
• When a prospective home has been identified, we add it to the platform and they'll provide us with a home valuation from their internal team. This is the maximum amount of cash that our partners will provide, based on the home value.
• They will also tell us how much the prorated rent costs would be if Our Partner was to reserve the home on behalf of the buyer.
• This process usually takes less than 24 hours. 

• We ensure the buyer has signed the Program Agreement and understands our Partner's offering.
• The Cash Offer Services Fee is written into the contract.
• The power of the Our Partner's closing guarantee comes in the form of the Our Partner's Offer Addendum. It acts like a contract assignment, ensuring that if the buyer can't close by closing day, Our Partner will step in to buy the home.
• Our Partner's Offer Addendum also waives all financial and home sale contingencies and includes Appraisal Protection where we allow the buyer to waive the appraisal up to our Partner's Maximum Value.
• We work with our Partner specialist to craft the best offer for the buyer. Our partner''s online software makes completing the offer and sending for signatures seamless.
• Once the buyer has signed, we quickly send the offer to the listing agent directly through their platform, inclusive of the offer, Our Partner's Offer Addendum and our Partner's Cover Letter that details the value of the Cash Offer to the listing agent and seller.

• Congratulations! The buyer's offer has been accepted.
• Our Partner guarantees the sale following an acceptable inspection and may require repairs that affect the safety and structural soundness of the home.
• Once the inspection period is over, the home is guaranteed to close.

 Our Partner's Boost

• Order the inspection
• Kick off the financing process by ordering the appraisal. Our Partner will guarantee the appraisal value up to our Partner Max Value
• If the buyer is unable to close on closing day, Our Partner will purchase the home on the buyer's behalf.

 Our Partner's Reserve

• Order the inspection
• Work through the closing process with our Partner's dedicated Transaction Coordinator
• The buyer moves in and has 180 days to purchase the home back from Our Partner at the same price they originally paid

Buyer closes with their financing

• If financing is secured by closing day, great! The buyer will close as normal.
• 1% of the deposits will go to Our Partner to pay for the Cash Offer Service fee and the rest will be applied as a credit to the buyer at closing.

 Our Partner purchases the home

• If financing isn't secured, then Our partner will purchase the home.
• Our Partner pays all customary buyer-paid closing costs when we purchase the home and the buyer pays closing costs when they repurchase from our partners.
• Our Partners will complete the closing process and the buyer is able to move in once we're on record!

• If Our Partner purchased the home on the buyer's behalf, the buyer will have up to 180 days to secure financing and repurchase the home at the same price Our Partner originally paid.
• The buyer will only pay for the days they need with rent prorated to the day.

• Congratulations! The buyers now own their dream home!
• The buyers will pay customary closing costs.