One of my clients wrote an offer against 47 other offers, and won. She had a wonderful realtor who wrote a very strong offer, and we used one other trick to win: Fairway's Cash Guarantee.

According to Redfin's most recent report, 31% of closings are "cash". Sometimes a borrower receives money from their parents, then after closing they take out a mortgage to repay their parents. Other times, some people just have enough cash lying around to not need a mortgage. 

This is a very strong offer because it is less risky for a seller. 

Sellers have two goals when they sell their home:

1. Get as much money as possible in sale proceeds

2. Choose the LEAST RISKY offer. 

That is why cash offers are desirable, the seller doesn't need to sweat the buyer not qualifying for financing.

That begs the question, how can a buyer who needs financing compete with 1/3 offers being very desirable cash?

Here's the secret weapon: The Fairway Cash Guarantee. Once complete, you would NOT need to check the financing contingency box. This elevates your offer to the same level as cash.

How does it work, and how can you take advantage of the program?

1. Submit all of the required documents for loan approval (we will let you know what you need). 

2. We will submit your entire file to underwriting for thorough review and approval

3. Once complete, our legal department will complete and sign this (click link:) secondary offer to purchase

4. How does it work? You are waiving your financing contingency because your loan is DONE, subject to title and appraisal. If the loan would happen to not close on time, the secondary offer would kick in, and Fairway would buy the home, with cash. And look, we can swing it, our current cash position is north of $400 million. We do not want to own homes, but it is a show of faith that we are putting our money where our mouth is - we back our process and underwriting.

If the seller does not want to sell the home to Fairway, we will offer them a $10,000 check and cancel the deal. All the details of the offer are in the 3-page addendum here.

Questions? Text me at 414-488-0438