RibbonCash is already a stronger offer than mortgage-backed offers. Now, with RibbonCash+ you and your agent can write the strongest offer on the table and take advantage of your maximum buying power.
RibbonCash+ enables you and your agent to write highly competitive offers above and beyond the amount Ribbon estimates the value of the home to be in today's market.
Write a Ribbon-backed cash offer up to the Max Ribbon Value.
Ribbon Value is Ribbon's best estimate of the value of the house in today's market
Max Ribbon Value
Max Ribbon Value is the maximum purchase price Ribbon is willing to offer for a particular listing.
RibbonCash+ increases your Ribbon-backed cash offer amount while receiving the same guarantee, certainty and protection.
The market is always shifting. Having the power and flexibility to write the strongest offer provides the competitive edge to win.
Once you are preapproved, upgrade your buying power to cash.
How does preapproval work?
Once you share your pre-approval with Ribbon, we’ll be able to back your offer with RibbonCash up to your pre-approval amount.
Ribbon will share the Ribbon Value and Max Ribbon Value on the home.
If you and your agent would like to write an offer above the Ribbon Value, your offer will be powered up with RibbonCash+.
Buyers can choose to pay the RibbonCash+ fee for coverage up to the Max Ribbon Value, or bring cash to pay at closing.
What is a home appraisal?
Loan officers use appraisals to determine how much to loan you for a home. A home appraisal is an estimate of the home's value conducted by a licensed or certified professional, often through a bank.
Ribbon provides homebuyers with flexible payment options when making higher cash offers using RibbonCash+.
Pay a non-refundable fee in addition to the RibbonCash Fee. This could potentially offer significant savings to the buyer in the case of an appraisal shortfall. Payment is submitted in the Earnest Money Deposit.
Bring cash to close to cover your potential appraisal shortfall at closing