Buyers need cash offers

to win in today’s market

If you are a real estate agent or a buyer shopping for a home, one reality is becoming apparent this buying season – you are going to need a non-contingent cash offer to win. In this market, your offers are up against many other buyers with ultra-attractive offers.

The only way to compete in these conditions is to come without contingencies AND with the ability to close with cash.

RedFin did an analysis of the deals their agents have done and found that cash offers were 334% more likely to win in competitive situations. Additionally, the National Association Realtors have found 28% of sales nationally were all cash. With stats like that, finding a way to offer cash is essential, but has been elusive or expensive for the average home buyer up to this point.

Becoming a power buyer for many buyers has meant turning to a company that buys a home with cash and then resells the home back to the buyer. However, these programs put buyers at significant risk because they are not in title when the purchase is made, and their financial situation often changes between the initial offer and finally closing on the home. Beyond these risks, the programs are very expensive, charging up to 3% of the value of the home for convenience and incurring 2 sets of transaction costs.

Onward created our Assured Close product specifically to address this problem in the marketplace. We back our buyers offers with cash and then get them closed with traditional financing. If something goes wrong, we step in a close on the home while the buyer moves in using short term financing that allows them to resolve any issues.

We do this all for a $495 application fee.

So ask yourself — Do you want to get the home or not?

Then you need to bring cash, but don’t fall for expensive gimmick – use the Assured Close – Onward Financing’s Cash Offer.