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Real Estate Tips & Resources

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Homebuyer Resources
A Homebuyer’s Guide to How Escrow Works
Shopping the housing market for the first time? You’re embarking on a new and exciting life milestone! As with any big project or endeavor, the key to a successful home-buying experience all boils down to being equipped with the right information. From your very first property tour to the celebratory glass of champagne in your new home, there’s one word you’ll probably hear quite a bit: escrow. The good news? We’re here to demystify the term and provide the inside scoop on what an escrow account is and what to do with it. What does escrow mean? Escrow is a legal agreement, handled by a neutral third party, in which money or assets are temporarily held until certain conditions are met. Escrow accounts exist to protect all parties involved in a transaction. Escrow can be utilized for a variety of circumstances, including the sale of goods, mergers and acquisitions, real estate, and more. In real estate, escrow commonly refers to two different uses: To protect a buyer’s earnest money during the home sale process – ensuring the money is delivered to the seller per the terms of the purchase agreement.To hold funds used to pay for property taxes and insurance. As you navigate the home-buying process and step into homeownership, you’ll encounter two types of escrow accounts. One is specifically leveraged for the home sale, while the other will exist throughout the life of your loan. Escrow for purchasing a home You’ve submitted an offer on a house with a massive walk-in closet and screened-in porch – a place you’ve always dreamed of calling home. And you’ve just received word from your agent that the seller accepted your offer. It's time to jump for joy! Now that you’re engaged in a real estate transaction, escrow will be used to collect and hold your earnest money. Also known as a "good faith" deposit, earnest money accompanies your offer and communicates to the seller that you intend to follow through with the purchase of the home. But don’t fret, this amount isn’t an additional fee. Instead, it’ll later be applied as a credit towards your down payment at closing. And in exchange, the seller agrees to take their home off the market. Your earnest money deposit will be held safely in escrow until the deal closes and the funds are released. Home escrow can be managed by an escrow company, mortgage servicer, or an escrow agent. Escrow for taxes and insurance The escrow account used during the home-buying process only exists for a short period of time. Once the purchase is complete, and the keys to your new home are handed over, a new escrow account will be opened by your lender. Active through the life of your loan, this type of escrow account is used to hold funds the homeowner will need to pay for taxes and insurance. Your lender will pay for your homeowner’s insurance and property taxes on your behalf using the funds collected in escrow. The upside? Your mortgage lender will oversee these particular payments, ensuring they’re made on time. By taking this responsibility off your plate, it’ll keep you protected from having a lien placed against your home due to missed insurance payments or unpaid taxes. As an added bonus, that pile of monthly bills on your desk won’t grow any larger either! Be prepared to prepay escrow costs at closing. For instance, many mortgage lenders require borrowers to pay their entire annual homeowner’s insurance premium upfront for the first year. Similarly, you may be required to pay 6 months of property taxes upfront. That means, if your property taxes are $6,500 annually, you’ll be asked to pay $3,250 into your escrow account at closing (though this amount may be prorated). In subsequent years, coverage costs will likely be rolled into monthly payments to your lender. This is a separate cost from your regular monthly principal and interest payments. In some circumstances, you may be able to close your existing escrow account and pay taxes directly. Every lender has different terms and conditions that must be satisfied, such as amassing a certain percentage of equity in your home or making on-time payments within a specified time frame, in order to qualify for escrow removal. However, many homeowners prefer to have the account out of convenience. After all, it serves as a safety net, ensuring you don’t default on property taxes or forfeit your home to tax foreclosure. How much do escrow fees cost? Escrow fees, which make up a portion of your closing costs, are paid directly to the escrow company, title company, or real estate attorney conducting the closing. These fees cover everything from paperwork costs, like title transfers and recording the deed, to loan fees. On average, escrow fees typically cost 1% to 2% of the home’s purchase price. That means, if the home you’re interested in buying is listed for $350,000, your escrow fees may fall somewhere in the vicinity of $3,500 to $7,000. It’s important to note that escrow fees are ultimately determined by the home’s location, the title or escrow company you use, and the purchase price of the property. Your escrow account acts similarly to a savings account – ensuring you have the money needed to cover housing-related costs safely stored in one place. In addition to escrow fees, you'll be responsible for other closing costs (even if you're paying cash), so make sure to factor in these expenses when calculating your total spend. Who is responsible for paying escrow - the buyer or the seller? There is no industry standard for who is responsible for paying escrow fees. While buyers and sellers typically split costs associated with escrow fees, the party ultimately responsible for footing the bill can be negotiated. Your real estate agent will be your go-to resource for what you should ask for in a negotiation, providing valuable intel on crafting a winning strategy. For instance, you may decide to use findings from your inspection as a bargaining chip to ask the seller for concessions, such as covering escrow costs. What is an estimated escrow payment? Upon receiving your initial loan estimate, you’ll likely spot a section that’s labeled “projected payments.” This area is typically divvied up into three main categories: mortgage insurance, principal and interest, and estimated escrow. We know what you’re thinking: why does it say “estimated?” Determining how much money is needed to fund your escrow account each year isn’t an exact science. Mortgage lenders typically conduct an annual analysis to assess whether or not your escrow balance is sufficiently funded. The reason you’re given a ballpark figure for your monthly escrow payments is because the amount covers the cost of both your homeowner’s insurance and property taxes, both of which can fluctuate year over year. After completing the yearly analysis, if your lender determines there’s an escrow shortage due to an increase in your insurance premium or a new tax assessment, your monthly escrow payment will be bumped up to cover these additional costs. Because your escrow account is funded in advance, it provides your lender with a bit of wiggle room – allowing them to adequately cover extra monthly costs (if needed) before adjusting your escrow payments to match the actual costs. In a similar vein, if your lender’s escrow assessment finds there’s too much money in your account – often called an escrow overage or surplus – you may receive a refund check. According to federal regulations, there is a limit placed on the amount of escrow dollars your lender can collect. This includes, at maximum, enough funds to cover your annual property taxes and homeowners insurance, as well as a small “cushion” of two additional monthly mortgage payments. Putting it all together As a potential homebuyer, and future homeowner, you can expect to make escrow payments during the purchase process as well as throughout the lifespan of your loan. Not only does escrow act as a form of protection for both buyers and sellers during the sales transaction, but it also ensures crucial payments (like insurance and taxes) are made on time and in full through a separate account set up by your lender after closing. Even if you plan on submitting an all-cash offer, you’ll still be required to cover escrow fees. In fact, all-cash offers are subject to many of the same closing costs as buyers making a home purchase via the traditional mortgage route. At, we equip Colorado, Oregon, Washington and Arizona home buyers with the tools needed to navigate the home search and buying process with confidence. Browse our site to learn how to find the best mortgage lender, find tips for how to win a bidding war, and get a competitive advantage when taking steps to buy your next house with cash. Check out our home buyer resources for all the latest tips, tricks, and insights into buying a house in a competitive market. And when you're ready, contact us to get Cash Approved™.
Kelly K. | Mar 2, 2022
How to Choose a Denver Real Estate Agent
The housing market in Denver over the past few years has been characterized by low interest rates, low inventory, and ready buyers. A city desirable for its location and job market, Denver is attracting a growing number of young professionals and young families, many of whom are looking for a place to live and need help navigating the exceptionally competitive local real estate market. How can they make sure they find the right house and put in a winning bid, instead of fighting a losing battle for months? Enter the role of the real estate agent. Challenges Facing Buyers and Denver Real Estate Agents Even with popular house listing sites and countless other digital ways to monitor the housing market, a real estate agent is an invaluable resource. But choosing a real estate agent is no small task. Especially when the housing market is as hot as it has been -- and will likely continue to be -- in Denver. In January 2022, Denver buyers looking for single-family detached homes faced an average price of over $700,000, according to the Denver Metro Association of Realtors monthly report. And homes continually sell above list price while staying on the market for less than three weeks. Neighborhoods like Capitol Hill, Highlands, LoDo, and Baker, for example, are gaining popularity for being walking distance to family-friendly food and attractions and prospective homebuyers should expect to face stiff competition when making offers. For buyers to have a chance at winning properties in these kinds of hot Denver neighborhoods, they need a real estate agent who is going to be proactive when it comes to getting showings, negotiating, and closing quickly. How to Choose a Denver Real Estate Agent Buying a home is one of the most important decisions of your life. So choosing a real estate agent that is knowledgeable and experienced is critical. Not only that, but a buyer’s agent should present you with options and financial strategies that will put you ahead of the competition. Make a list, then start to interview It can be difficult to know how to choose a real estate agent that has all of these qualifications. There are many online tools and databases for researching buyers agents. And don't forget to ask your network of friends, family, and coworkers for personal recommendations! You can start by putting together a list of agents that may be a good fit. But a face-to-face or phone interview is one of the best ways to get a feel for how they communicate and learn if they are a good fit for your needs. Ask the right questions During your interview call with potential Denver real estate agents, make sure you’re prepared with a list of questions. Some of these questions should be standard for the industry. But you should also include scenarios and questions that are personal to your situation as a buyer. Here’s a checklist of some topics you can cover when talking with a buyer's agent in an interview. These questions are designed to help you gauge how they communicate and what they'll be like to work with. Questions to help you choose a real estate agent Ask about their knowledge of the Denver marketWhat are current market conditions and what kinds of offers are sellers looking for?Which neighborhoods best meet your needs and desired lifestyle?Which areas are they most familiar with and what other places should you be considering?Their understanding of your financial options and opportunitiesHow much house can you realistically afford?What are the different types of mortgages and financing options available to you, including cash offers, delayed financing, etc?What is their experience working with and making all-cash offers? Their experience managing and closing transactionsWhat's an example of a difficult purchase agreement they've had to facilitate?Have they worked with a Denver mortgage lender specializing in cash offers?Their portfolio of sales Ask specific questions about working with buyers similar to you and your financial situationAsk specific questions about recent home sales in neighborhoods where you’re looking to buy How many deals have they successfully brokered in Denver in the last year? Ultimately, the three things that matter the most when choosing the best Denver real estate agent in your specific home search are as follows: One: Do they listen to you and understand your needs? Two: Are they responsive? This means that they are quick to respond to you and to other parties involved in the process. Three: Do they have a track record of being able to close a lot of deals successfully? Your initial conversations with potential buyer's agents should be used to give you a good sense of how each agent stacks up in these three areas. And then don't forget to make sure you like this person. After all, you may be spending a lot of time with them over the coming weeks or longer. You want to make sure you will feel like you're getting the level of service, attention, and respect of your needs that will make you feel good about the process. Figuring out how to choose a realtor in Denver is no small commitment, but a good buyer-agent partnership will make the process not just easier, but more successful. Your agent is your primary advocate when dealing with the seller and is a key member of your home-buying team. So choosing the right real estate agent is essential for securing your Denver dream home. Finding the perfect real estate agent and lender combo One final note: In a competitive sellers' market like Denver, you may have the best real estate agent in the greater metro area, but if you're not able to write a competitive offer, you'll still face an uphill battle. Real estate agents need to be well-versed in the various financial strategies available to buyers to give them every possible advantage. Understanding how to leverage cash offers, for example, to win your dream home could be the difference between having your offer accepted or not. Denver real estate agents who work with know that buyers making offers are four times more likely to win a home and be able to negotiate better terms than buyers with traditional mortgages. With a real estate agent who is on the ball and a responsive lender like – a combo that can assure sellers you'll go from contract to closing fast – your offer is sure to outshine your competition. Buying Your Denver Dream Home with Cash Before you begin looking at houses in earnest with your new real estate agent, you'll need to have your financing lined up. If you haven't done so already, be sure to check out our tips for choosing the best mortgage lender. works with ordinary Denver homebuyers to help them buy a house with the power of cash and then pay it off like a regular mortgage over time. Apply to become Cash ApprovedTM and be ready to make your next house offer an all-cash offer in just a few days! Learn more about and how we work with Denver homebuyers and their real estate agents throughout the buying process!
Olivia G | Jan 21, 2022
Homebuyer Resources
How to Find the Best Mortgage Lender in Denver
You’ve scoured the internet, bookmarked layouts in Architectural Digest, binged every Denver-based episode of House Hunters, and crafted a wish list of features for your future home. But, what about your wish list for finding the right Denver mortgage company to make that dream a reality? Buying a house is probably one of the biggest financial investments you’ll make in life. And having the right lender in your corner is an essential piece of the homebuying process. Don't settle for anything less than a great experience. Finding the best mortgage lender is more than just securing the lowest interest rate possible. Here’s a look at how the right mortgage company can help you win in the Denver housing market. What to look for in a Denver mortgage lender While the mortgage process may appear to be similar across lenders, not all mortgage companies are the same. Key differences include fees, the level of customer service you'll receive, how quickly the underwriting process can get done, and whether the lender can help you make the most competitive offer possible -- all these points make it worth your time to do your research. What you should expect from a mortgage lender: Great mortgage rates Flexible mortgage optionsNo hidden fees or "gotchas"Easy to work withFast underwriting process So how do you choose a lender? From conventional banks and credit unions to mortgage brokers and nonbank mortgage lenders, there are many options on the market today to consider. Long gone are the days when your only option was the local bank down the street. And while you shop around, remember that a competitive interest rate is a given but not your only consideration. For instance, it’s important to choose a lender that is reputable, responsive, exercises transparency, and offers top-notch customer service — a lender that drags their feet and prevents you from closing quickly can cause you to lose out on your Denver dream home. Like your real estate agent, your mortgage lender should be like a partner in the process. Buying a house in Denver should be a joyful experience; make sure your lender will set you up for success. Discover an innovative new mortgage process According to the Wall Street Journal, 68.1% of all U.S. mortgages issued in 2020 came from nonbank mortgage lenders, up from 58.9% in 2019. Homebuyers are getting wise to the fact that they don't need to rely on old-fashioned, traditional banks to help them buy their dream home. Yet, most would-be homeowners are not aware that there are alternatives to old-fashioned, traditional home loans, also. They don't realize that buying a house doesn't need to follow the same traditional (and slow) process their parents used when they bought a home -- a process that, frankly, doesn't work well for buyers or sellers. So what's the alternative? has turned the mortgage process on its head with an innovative loan product that allows buyers to make strong cash-only offers, with unmatched speed-to-closing and no delays due to financing and appraisal contingencies. is the first and only iLender, or a “technology-enabled lender”, which has facilitated hundreds of millions of dollars in real estate purchases between ordinary homebuyers and sellers in Denver to date. Waiting to see if your lender will give your loan the green light of approval after your offer has been accepted? Nerve racking. Having the rug pulled out from under your feet and your dream home ripped away at the last moment all because of a financing contingency? Heartbreaking and, frankly, unnecessary. Seriously, it’s the 21st century, there has to be a better way. And there is. At, we’ve flipped the script, performing the underwriting process upfront. This allows qualified buyers to become Cash Approved™ before they ever make an offer on a home. So, what exactly does that mean? As a buyer, you have proof of funds when you make your offer. Congrats, you're now negotiating with the power of cash. See how the right lender makes all the difference Lose. Rinse. Repeat. That doesn’t exactly sound like a formula for success to us. By working with the right Denver mortgage lender, you can hop off the merry-go-round of failed offers and improve your chances of scoring a win. Picking a proven mortgage lender who gets deals done and who comes recommended by trusted real estate agents can protect you from falling victim to bait-and-switch ads or brokers who forward your information to anyone and everyone willing to buy leads. You’re not just buying a product, you’re looking for a partner who will work alongside you to get the deal done. In today's housing market, you want to pick a lender that’s innovative, providing a creative and strategic solution that moves beyond the traditional mortgage process. Because let’s face it, the traditional mortgage process is stressful for both buyers and sellers. Historically, making an all-cash offer meant a homebuyer didn’t need to secure a mortgage. This was once reserved solely for investors, developers, and the rare one-percenters who had the capital needed to purchase a home outright. Today, however, we’ve leveled the playing field, providing everyday homebuyers with the proof of funds needed to make a cash offer.'s Cash Approval process can be incredibly powerful, increasing your chances of making a winner offer by 4X. Why? Because the sale no longer depends upon your ability to successfully procure financing after a seller has already accepted your bid. The financing process is straightforward, with no strings attached and no hidden fees. In fact, there are no additional fees for an cash offer beyond the customary fees of any traditional mortgage. Let's recap. Great mortgage rates? Check.’s mortgage rates are very competitive. Flexible mortgage options? Absolutely. We offer a variety of financing options. No hidden fees? Guaranteed. Our cash offer service costs the same as a traditional mortgage. We don't add any additional fees or points when compared to a traditional mortgage offer. Easy to work with? You bet. We pair our approved buyers with an Approval Specialist, so that they have someone to personally walk them through the process. We also have a Cash Transaction Specialist who works closely with the buyer's agent to submit the offer. Check out some of our buyer reviews and agent testimonials for more proof. Helps you make the best offer? Here's another area where really shines! Because we give you the ability to make a cash offer, you're more likely to win in a bidding war, as well as negotiate the best deal. Sellers know that cash offers close faster, with no risk of offers falling through due to financing contingencies. Making a strong offer in the competitive Denver housing market Year over year, the Mile-High City is named one of the U.S. News & World Report's best places to live. From the area’s thriving economy to its vibrant culture, great school districts and a slew of outdoor activities, it’s no surprise the population has seen an estimated 21.2% increase in the last 10 years. It’s no secret either that the Denver housing market is competitive. Even as the hot market begins to cool, like any other metro area, it still comes with a higher-than-average cost of living. And while the median household income in Colorado is above the national average, any type of cost savings a homebuyer can secure is incredibly valuable. Especially when having to contend with multi-offer scenarios. When you're making a cash offer on a house with an mortgage, you have more negotiating power. Just like the lowest mortgage rate isn't the only consideration for buyers when choosing a loan (though of course has highly competitive rates with no additional fees), neither do house sellers only care about the highest offer. Because all-cash offers are attractive to sellers due to their certainty and speed, buyers with cash in hand have morhe negotiating power over those with traditional financing. Whether that means you can make a lower offer or you ask for extra concessions, the power of cash is undeniable in both a seller's and a buyer's market. Are you ready for your next Denver house offer to win? Get started by becoming Cash Approved™ today.
Kelly K. | Nov 22, 2021
Homebuyer Resources
Buying a House with Cash: A Guide
In the last few years, we've seen already hot real estate markets such as Denver, the California Bay Area, Seattle and others become even more competitive. Not only are homes selling just days after being listed and for way over asking price, but increasingly the winning bids are also "cash offers." What exactly is a cash offer and what does this trend mean for buyers and sellers? In this article, we explain the most important things to understand about why and how to buy a house with cash, why sellers prefer these deals, how all-cash offers work, and other frequently asked questions. What you'll learn: What is a cash offer?How common are all-cash offers in real estate?But wait, how do cash offers work?What are the benefits of buying a house with cash?Do you need a real estate agent to make a cash offer?Are cash offers necessary in 2021? What is a cash offer? Traditionally, a cash offer in real estate was one where the homebuyer didn't require a mortgage. Today, a cash offer can be made by a purchaser who has "proof of funds" for the full value of the offer, which means that the offer doesn't depend on them successfully arranging financing after the deal is accepted. That's a subtle, but powerful, distinction. Many homebuyers hear the term “cash offer” and instantly picture someone incredibly wealthy carrying a briefcase stuffed with neatly bundled hundred-dollar bills. These days, the most common image of a cash buyer is a faceless corporate developer or an investor who intends to make a low bid, flip for a hefty profit, and get out … rinse and repeat. These are not families or individuals who intend to live in the house they buy and be part of the community. And while there are individuals and institutions out there who have the liquidity to buy a house with cash (minus the 007-style briefcase) -- and many of these buyers are investors and developers -- making an all-cash offer on a house is a strategy that is increasingly accessible to everyday people. This is thanks to a new kind of lender who is turning the traditional (read: old-fashioned) mortgage lending industry on its head. Making a cash offer on a home only requires that you have cash on hand; and an iLender like will provide proof of funds so you can bid with the power of cash. Keep reading to learn how it works and why cash can be the factor that makes or breaks your deal. How common are all-cash offers in real estate? Many people tend to assume that all-cash home purchases are rare. However, they represent a surprising proportion of property sales – accounting for 36% of home sales according to CNBC. Others assume that the only people able to make a cash offer on a house are only either extremely wealthy investors or those companies that put out the "We buy houses" signs on the side of the road, whose sole intent is to buy a house for under market rate and flip it. But increasingly, cash buyers are regular home buyers looking for a leg up in a tight sellers market. But wait, how do cash offers work? Cash offers are simply offers that don't have an appraisal or a financing contingency, because the buyer already has 100% of the funds available, ready to use on the purchase of the house. That's it. Everything else about the process is straightforward, with no strange surprises or strings attached. So how do everyday buyers afford to make a cash offer on a house in an expensive market like Denver, San Francisco, or Washington DC if they aren't sitting on a giant inheritance? The alternative to traditional financing is to work with an iLender like Colorado-based We flip the script by doing the underwriting process up front – not after the offer is made and accepted. buyers are Cash ApprovedTM before they make an offer. This is not a pre-qualification or pre-approval -- Cash Approved means the money is already in the bank, guaranteed. (Once the sale on the house closes, the buyer will then begin to pay back the loan, just as they would have with a traditional mortgage.) Providing proof of funds upfront is a highly attractive prospect for sellers. The reason? If a potential buyer is unable to secure lender financing – or a mortgage matching the amount they pre-qualified for – the deal is likely to fall through and the seller would be forced to relist their home. An all-cash offer is a win-win-win scenario for everyone involved -- buyers, sellers and real estate agents. What are the benefits of buying a house with cash? If you're a buyer, the traditional mortgage process is stressful! It's no picnic for homeowners on the other side of the transaction either. Waiting for the lender to approve the loan AFTER the offer has been submitted and accepted, only for the deal to fall apart because of a financing contingency feels completely backwards. Here are the main reasons why cash offers are better: Cash offers speed up the closing timeline Neither buyers nor sellers want to endure a lengthy, drawn-out closing process. Whether a seller is relocating to accommodate their growing family, an employment opportunity or simply taking the next step in their homeowner journey, they want the same thing: a smooth and speedy sale. According to Ellie Mae, after an offer is accepted, it takes approximately 47 days for the sale to close. It takes this long to close in part due to the lengthy underwriting process involved in getting a loan through a traditional mortgage lender. An all-cash offer, on the other hand, offers a fast turnaround time, taking an average of 14 days to close. Cash offers are less likely to fall through Cash offers are less likely to fall through. "Issues related to obtaining financing” continuously tops NAR’s Realtors® Confidence Index report as the leading cause of delays or terminations of a potential home sale. So, naturally, sellers want to engage with buyers who provide certainty and the least amount of risk possible. Buyers who go the traditional mortgage route attach a pre-approval letter to their offer as “assurance” that the deal will close. But don't be fooled. While traditional pre-approvals can be obtained quickly, they don’t provide much in the way of certainty because the lender can still draw out the approval process when they take a deeper look into the borrower's finances or deny the loan outright. There's no such risk with a cash offer. And offers won't fall through because of an appraisal contingency either. That's because there is no appraisal required after the offer is made. The process includes a value-check before the offer is made, so both sellers and buyers can rest easy knowing the sale is already approved for the amount of the offer. Just to be crystal clear: an cash offer has no appraisal contingency and no financing contingency. Period. Cash offers can save you money Because of the reasons listed above, sellers find all-cash bids more attractive. In fact, in a bidding war, a cash offer might beat a higher offer with traditional financing. If you're the buyer, that means you benefit from a hidden cash discount. In 2021, the average home price in the United States has reached a new all-time high of over $400,0000, according to Statistia. According to the Denver Post, in the summer of 2021 the median home price in Denver reached a record $600,00, up 25% over 2020. Even if the market begins to cool, buying a home in a market like Denver is going to continue to be a big-ticket purchase for the foreseeable future. Even a small percentage point discount on such a large purchase -- when it comes at no additional cost to you -- is free money, or instant equity, back in your pocket. “Even if you have the strongest financed offer out there, there is just something about cash that almost always entices the seller”-Madison Kissel, Compass Do you need a real estate agent to make a cash offer? While you don’t technically need a real estate agent when buying a house, we don’t recommend doing it without one. Regardless of whether you're buying with cash or using a traditional home loan, a professional real estate agent brings important knowledge to the table. Agents have the market intelligence and local insights needed to help buyers understand everything from various neighborhoods and school districts to what it takes to write a winning offer. An agent’s expertise is priceless – especially when it comes to crafting a competitive offer or handling negotiations with a seller. With a purchase worth potentially hundreds of thousands of dollars (or more!), the risk of trying to go it alone won't be worth it. The great news is that you're in charge. is a lender, not a brokerage, which means we work with you and whichever real estate agent you choose -- this gives you and your agent the flexibility you need to make the best decisions for you. Are cash offers necessary in 2021? According to CNN, “In this wild housing market, with 21% fewer homes on the market than last year and demand pushing prices to record highs, the competition for a home is fierce. One thing that can put a potential buyer on the top of the heap is an all-cash offer.” When given the opportunity to choose between an offer with financing contingencies that could drag on for potentially two months and an all-cash offer, which can close in about 2 weeks, the seller and their agent will be hard pressed to choose the slower and riskier option. Cash is powerful -- whether that's to gain an edge against competing buyers or to create a more favorable position for negotiating on price or terms. Making a cash offer can increase your chances of making a winning offer by 4X or help you negotiate a lower sale price. If you want to increase the odds of winning your next offer, at a price that works for you, we think making a cash offer on your next house is the right strategy. "We won the home even though there were multiple offers that were much higher! The seller liked ours the best because of the cash, knowing that we could close faster. My buyers were thrilled after waiting on so many other homes, they had told me they thought they were never going to be able to get a house!-Clark Hutt, HomeSmart Our philosophy at is simple: if you can qualify for a mortgage, then you deserve the same opportunity to make a strong offer through the power of cash. To be clear, there are no extra costs involved and you pay off your loan over time, just like a regular home lome. Our mission is to enable a cash offer on every home. Now that you know how a cash offer works, start the process to get Cash Approved today or learn more about the benefits to sellers.
Kelly K. | Aug 27, 2021