Guarantee Your Offer
Make your finance backed offer as good as cash.
What Is Ideal Offer?
A majority of home offers use financing. However, when up against a cash offer, they often lose. Why? Because of the opportunities for the deal to fall apart. Otherwise known as contingencies. If the buyer's financing falls through, the deal falls apart. Home doesn't appraise? The deal is done. Can you close quickly? Most financed deals take 30-45 days. With cash offers those things do not exist. However, that's where Ideal Offer comes in. We can remove those contingencies and guarantee that your deal will close despite being back by financing. Essentially making your offer as good as cash. Here's how it works:
You Get Pre-Approved ANY Lender
Ideal Offer will work with any lender. Simply get approved by the lender of your choice.
Ideal Offer Reviews The Deal
Ideal Offer will review the approval and property and structure the guarantee.
Guaranteed Offer Is Submitted
Your Century 21 Beggins agent will then submit your guaranteed offer to the sellers.
How It Works & Fees involved:
Ideal Offer is backed by Ribbon ( a private equity backed fund). Ribbon guarantees the deal closes. Because of this, the contingencies can be removed. There are two scenarios that could play out and the fees involved.
Your Financing Is Used:
- Your guaranteed offer is made and accepted
- You make your earnest money deposits & have inspection completed
- Your financing holds up and you close the deal.
- Ribbon is paid 1% of the purchase price for guaranteeing the deal
Your Financing Fails:
- Your guaranteed offer is made and accepted
- You make your earnest money deposits & have inspection completed
- Your financing falls through. Ribbon steps in and closes on the home.
- Ribbon is paid 2.75% of the purchase price for securing the home.
- You have 180 days to secure new financing & buy the home from Ribbon
- You will pay prorated rent from the time ribbon closes to the time you close.
F.A.Q.'s
Who is most empowered by Ideal Offer?
First-time Home Buyer
Upgrade your pre-approval to cash to present a strong offer.
Move-ups & downs
Buy and sell on your own timeline.
Relocations
Focus on the transitions, not the transaction.
New Construction Buyers
Remove contingencies and guarantee your (brand new) dream home.