Cash Offer Program
Key Points to remember:
Cash Offer is more a “Guarantee” than an offer.
In the event the client is unable to purchase the home after the contractual obligations are met due to un-foreseen circumstances such as lost wages, credit issues, etc. AnnieMac Private Equity will purchase the home on the agreed date- at the agreed price.
Once the home is secured, buyers still close with standard mortgage financing—just with a much stronger position.
The Purchase and Sale Agreement is in the name of the client.
AnnieMac Private Equity provides an addendum to the Purchase and Sale Agreement making it a Cash Offer.
The client has up to 6 months to purchase the property from AnnieMac Private Equity.
The majority of clients close direct with the seller without issue and never need AnnieMac Private Equity to purchase the home.
Cash2Keys was created to help solve the current industry issues we face such as, low inventory and cash buyers.
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They close faster than traditional mortgage-backed offers and there is no risk of financing falling through.
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It allows the buyer to compete against all cash offers which quickly move to the top of the pile for the sellers consideration.
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Only 1% of the time with Cash Offer. In most cases it is a seamless transaction.
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Conventional
VA (100% financing)
FHA