Every real estate transaction ends with cash in somebody’s pocket, but that doesn’t mean every real estate offer begins with cold hard cash on the table.
Mortgage companies spent the last decade making it simple to apply for a mortgage, but they haven’t made it simple to get a home under contract or close it.
What if you saw the cash at the beginning of the process instead of hoping for it at the end?
Today we’re proud to announce that West + Main Homes is working alongside Accept.inc to help make Cash Offers more available in Colorado. Effective immediately, our agents can help their clients negotiate like they have real cash.
The cash is greener on the other side
Using a traditional mortgage creates a set of contingencies making transactions less certain for all parties. But when sellers get Cash Offers, they don’t worry if buyers can perform. And when buyers send Cash Offers - they focus on what they’re willing to do - not if they’re able to do.
Even though home loan applications are easier to fill out on a mobile phone, banks haven’t made their products as valuable to trade as cash. This is an opportunity lenders could be tackling, not a roadblock for borrowers trying to win their dream homes.
With most loans, buyers can back out of contracts without penalty until just before closing. And sellers lose time off the market if buyers terminate due to financing issues. As the Denver Metro region continues to see increases in average sales prices, Cash Offers are like trading gold.
Cash Offers help clients focus on more important things - like which day they want to move in.
Breaking down barriers
With a West + Main agent's abilities and a contract written with a Cash Offer, clients can compete to win the home of their dreams today and worry about the mortgage tomorrow.
Accept.inc is like having a rich aunt or uncle. After thoroughly qualifying borrowers up-front, they guarantee the cash and let the buyer dictate which house, the terms, and any conditions.
Before even writing an offer, Accept.inc fully underwrites and pre-approves customers so they can fund a new home loan just a few weeks later in a subsequent closing to make it all official.
Near and dear to us, we think this program is especially attractive for our military community because it allows for VA loans but works like cash when everything is on the line for our buyers.
We are excited to collaborate with a company that started in Colorado and is so laser-focused on making the selling experience better for everyone.
Better together
We’re continuing to expand relationships with forward-thinking companies who work closely with the brokerage industry to solve the most challenging problems facing consumers in the real estate market and deliver products that excite and delight the community along the way:
Knock Home Swap: Buy Before You Sell
Guest House: Staging a Home Furnishing Pop-Up Shop in an Active Listing
The Conscious Merchant: Retail Partnership in our Louisville Main St. Office
We can’t wait to show you what’s next!
