Traditional cash offers do not contain a financing contingency and typically close faster, so they are appealing for sellers accept; however many cash deals fall apart last minute. Ideal Offers on the other hand are even stronger than traditional cash offers because they also waive the appraisal contingency, home sale contingency, and the deal is guaranteed to close once the inspection period ends. Ideal Offer powered by Ribbon has a 100% on-time closing rate!

{No. Buyers must be mortgage-eligible to use Ribbon. Once Ribbon purchases the home the buyer will rent the home back from Ribbon only until they secure financing and repurchase the home.

ny mortgage-eligible buyer seeking a leg up to win their dream home. First-time homebuyers utilize Ribbon to waive financing and appraisal contingencies and existing homeowners use Ribbon to win and move into their new home while taking time to prep and stage their existing property and sell it for max value (without the inconvenience of scheduling showings!).

Ribbon purchases single family homes, townhomes and condos for owner occupants in our states of operation. Our minimum purchase price is $150,000 and our maximum purchase price is $700,000. The home must be on 4 acres or fewer and built after 1974 or have been fully renovated. Short sales, foreclosures, manufactured and modular homes are not eligible at this time.

Ribbon uses the buyer's existing pre-approval letter from their lender of choice to determine the amount we can back them with cash. We contact the lender to confirm the details and that's it! Easy peasy.

It typically only takes a few hours to confirm the buyer's pre-approval amount and establish their Buying Power (the amount Ribbon will back them in cash).

We use the buyer's pre-approval letter from their chosen lender. We'll contact the lender to confirm the details. There is no credit application process with Ribbon and so this won't affect the buyer's credit score.

Ideal Offer by Ribbon  includes Appraisal Protection which protects the purchase price at contract price (up to the Ribbon Max Value) in the event the home appraises for less than contract price.

Ribbon charges a small transaction fee of 2.75% to back offers with our cash and remove contingencies. If the buyer is able to close with their own lender on closing day, the Ribbon Fee is reduced to 1%. Ribbon also charges rent until the home is purchased back from Ribbon by the buyer. The rental amount is not a way for us to make money; it simply covers Ribbon's carrying costs including our cost of capital, taxes, insurance and HOA.

The Ribbon Fee will be fully negotiated on the purchase contract and allocated to Ribbon at closing. The Ribbon Fee is added into the buyer's earnest money deposit (and/or due diligence fee in North Carolina) when submitting the offer. At closing, the attorney will allocate Ribbon's Fee on the settlement statement.

here is no fee to pay if the offer is not accepted.

While two sets of closing costs exist, Ribbon will pay customary buyer-paid closing costs on the first transaction and the buyer will pay customary closing costs at the repurchase (when the buyer purchases the home back from Ribbon). You will never pay double closing costs.

After Ribbon purchases the home on the buyer's behalf, the buyer is entitled to a 180 day lease term. If the repurchase is not exercised, the buyer will forfeit deposits and rent paid and Ribbon will sell the home.

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