On average, closing on a house takes between 30 and 45 days. With the year ending fast, it’s probably starting to feel like what’s not done by now will have to wait until the new year. However, that’s not the case. Yes, it is December (somehow) but Ribbon can help you close deals by the end of the year, so your client’s can start 2022 with a new home and you can finish 2021 strong. Here’s how Ribbon can help.
Being stuck in a multiple offer situation into the holidays is a real bummer. It’s stressful—no one wants to be on deadline during the holidays—and buyers may not be able to spend time searching for new homes should they lose the home they’re looking at. It’s a time when lots of buyers decide to take a pause on looking for a new home.
Ribbon turns buyers' offers into all cash (RibbonCash) so that they can win the home they love in 2021 and worry about getting their financing figured out well into 2022. They’ll even be able to move in before financing, so they can get settled and unpacked quickly.
Speaking of financing, a perk of all cash means that Ribbon is able to eliminate financial and appraisal contingencies that lenders would normally make mandatory. This makes your offer stronger to sellers who are looking to close their deal before the end of the year. In fact, cash offers with no financing or appraisal contingencies are 3x more likely to win. It also means you won’t be on the bank’s timeline, which is heavily affected by the holiday season.
Many lenders have a home sale contingency. This means that you must sell your current home before being able to get a mortgage for another. Ribbon eliminates this step. When you use RibbonCash for a deal, then you can purchase your new home, move in, stock the fridge, deck the halls, and then deal with selling your old home on your own terms. This will eliminate the need to move in with family or into a hotel, saving you money and some extra brain cells.
RibbonCash Offers are guaranteed to close after inspection. On average, they close in just 14 days and we ensure the closing date won’t change. Without having to worry about low appraisals or financing delays, you’ll get a closing date that will actually stick, so you can plan around it.
Yes, the year might be ending but it’s not done yet. We’d love to help get even more worthy homeowners into the home of their dreams before the year is out. Want to learn more? Our Ribbon experts are available to chat today.