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Rainmaker
1,711,437
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Nope, never heard of them.

Jul 07, 2021 05:35 AM
Rainmaker
878,171
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

With a growning appeal of iBuyers and instant offers, many FRANCHISES have created cash offer services to remain engaged in this trend.
I do not use nor heard of RIBBON, but I do have my own 'cash' resources and it not a scam. What this provides the consumer is CHOICE and it seems NAR and local associations are not CHOICE focused. As we all know a monopoly is not about offering choice. So agents may be well advised to understand what the consumer wants and structure accordingly.
My advice is to attend those investoer seminars to see how non-REAL-A-TORS make this money work on their behalf. There is a tertiary reason for attending the seminar but I'll leave that for your discovery.

Jul 07, 2021 05:24 AM
Rainmaker
4,121,913
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Never heard of it and not interested!

Jul 07, 2021 04:05 AM
Ambassador
5,324,720
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Is this an actual Cash offer, or the latest scam?

The last real Cash offer I got came in a garbage bag full of cash, no service was required.

Jul 07, 2021 01:16 AM
Ambassador
3,029,453
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

 I am not.  This is the first I am hearing of the Ribbon, cash offer service. 

Jul 07, 2021 07:53 AM
Rainmaker
842,840
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

No. I see no need for them or anyone like them to be involved.

Jul 07, 2021 05:55 AM
Rainer
144,081
Ken Jones
Kenneth J. Jones, Inc. - Toms River, NJ

Bob Crane Sounds like a scam to me.

Jul 07, 2021 03:55 AM
Rainer
10,036
Henry Carmona, GRI
San Antonio, TX

Thanks folks, I too had never heard of them before until i read about several realtors using them (and a couple others I can't recall).

From what I understand, these companies provide a way for buyers to improve their standing in a bidding war, by offering to pay CASH for the home. The buyer then has a number of days, usually 120 or so, to close with their original lender. 

With regard to Ribbon, they make their money by charging 2%-3% if the buyer cannot close with their original finance company by contract closing date, and charge 1% if they can.


Jul 07, 2021 04:51 PM
Rainmaker
4,846,071
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

So many companies are offering cash offers, but have not heard of Ribbon.

Jul 07, 2021 10:24 AM
Rainmaker
5,485,554
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Never heard of them!  Cash offer services sounds suspicious to me.  What is it?

Jul 07, 2021 08:15 AM
Rainmaker
692,242
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

I haven't heard of them before now. 

Jul 07, 2021 06:50 PM
Rainmaker
980,902
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hello Henry Carmona, GRI and Welcome

I've never heard of the service you are referencing

Jul 07, 2021 04:42 PM
Rainmaker
1,375,627
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Never heard of them.

Jul 07, 2021 11:24 AM
Ambassador
2,564,843
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Never heard of the company.

Jul 07, 2021 11:16 AM
Rainmaker
6,497,359
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Nope.

Jul 07, 2021 07:43 AM
Rainmaker
862,681
Peter Mohylsky. Broker -BRIX REALTY
Miramar Beach, Florida - Santa Rosa Beach, FL
BRIX REALTY -DESTIN

Welcome back and no.  Never heard of them

Jul 07, 2021 04:12 AM
Ambassador
4,540,411
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Haven't heard of them. 

Jul 11, 2021 08:17 PM
Rainmaker
2,018,830
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I’m waiting for Sea Shells to make a comeback

Jul 09, 2021 06:32 AM