Real Estate News
.....Welcome to my Podcasts.....I help people buy and sell houses. I also share information, news, and topics about the real estate industry; how they may affect the metro Atlanta real estate market; pose problems and solutions; and address issues that may influence decisions to buy or sell… read more
We Buy Houses - Then Sell or Rent them back to you
We Buy Houses - Then Sell or Rent them back to you
Zillow Freezing iBuyer Program - What does this Mean for Real Estate?
Divvy - https://www.divvyhomes.com/how-it-works
Ribbon - Ribbon will only back single-family homes with sale prices between $100,000 and $600,000. If there is a problem with the mortgage, such as the home not appraising high enough, Ribbon buys the home and allows the client to rent until they are able to purchase it. Ribbon will sell the home to the client at the same price it purchased it (i.e., provided they have the cash to pay the appraisal gap and pays the 2.95% Ribbon fee), “in case you need more time,” according to its website.
It offers the consumer the opportunity to rent for up to a year. If the client chooses to rent but not buy, Ribbon charges 2.95 percent of the original purchase price.
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