How it works

See an overview of how RibbonCash Offers work

RECEIVE BUYING POWER AND A HOME VALUATION

See how much we can back your buyer with cash.

WE BACK YOUR BUYER WITH CASH TO WIN

Make a powerful all cash offer with Ribbon’s backing.

Ribbon offer accepted

Closing and commission are guaranteed once the inspection period including required repairs ends.

CLOSING DAY

Buyer closes with their own financing or Ribbon purchases on buyer's behalf.

Prorated rental period

The buyer only pays for the days they need and gets up to 210 days to secure financing and buy the home back.

Repurchase

The buyer buys the home back from Ribbon at the original contract price

Here's what happens at each step of the way

GET BUYING POWER AND A HOME VALUATION

See how much we can back your buyer with cash as well the rent costs.

Upload the buyer's fully verified pre-underwritten pre-approval to the Ribbon platform.
Once our team confirms details with the loan officer, we will back the buyer with Ribbon cash up to the pre-approval amount.
When a prospective home has been identified, add it to the platform and we'll provide you with a home valuation from our internal team. This is the maximum amount of cash that Ribbon will provide, based on the home value.
We'll also tell you how much the rent would be if Ribbon was to reserve the home on behalf of your client.
This process usually takes less than 24 hours. In a hurry? Expedite your request by speaking directly with your Ribbon representative.

WE BACK YOUR BUYER WITH CASH TO WIN

Make a powerful cash offer with Ribbon’s backing

Ensure your buyer has signed the Program Agreement and understands Ribbon's offering.
The power of the Ribbon closing guarantee comes in the form of the Ribbon Offer Addendum. It acts like a contract assignment, ensuring that if your buyer can't close by closing day, Ribbon will step in to buy the home.
The Ribbon Offer Addendum also waives all financial contingencies.
Work with your Ribbon specialist to craft the best offer for your buyer. Ribbon's online software makes completing the offer and sending for signatures seamless.
The Ribbon Fee is written into the contract via buyer's deposits/earnest money deposit.

RIBBON OFFER ACCEPTED

Closing and commission are guaranteed once the inspection and repair period ends

Congratulations! Your buyer's offer has been accepted.
Ribbon 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

Buyer Closes With Own Financing

Order the inspection
Provide the appraisal report to Ribbon.
If your client is unable to close on closing day, Ribbon will purchase the home on the buyer's behalf

Ribbon Closes

Order the inspection
Ribbon requires certain standard repairs (if applicable) to be completed prior to close.
Work through the closing process with your dedicated Ribbon Transaction Coordinator
Your client moves in as a renter and has 210 days to purchase the home back from Ribbon at the same price we originally paid

CLOSING DAY

Ribbon purchases the home and reserves it for your client if financing isn't secured

Buyer closes with their financing

If financing is secured by closing day, great! Your buyer will close as normal.
Ribbon will be paid its fee out of the buyer’s deposit and any remaining balance will be applied as a credit to the buyer at closing.

Ribbon purchases the home

If financing isn't secured, then Ribbon will purchase the home.
Ribbon pays all customary buyer-paid closing costs when we purchase the home and the buyer pays closing costs when they purchase from us
Ribbon will complete the closing process and your client is able to move in!

PRORATED RENTAL PERIOD

The buyer only pays for the days they need

If Ribbon purchased the home on your client's behalf, your client will have up to 210 days to secure financing and purchase the home at the same price we originally paid.
Monthly rent will be collected. However, your client will only pay for the days they need and will be provided a pro-rated rent refund based on when they close on the home.

buyer purchase

The buyer buys the home back from Ribbon at the original contract price