When I became a realtor, I knew it was going to be challenging work. It's a job that requires a lot of patience and negotiating, but the work is very rewarding.
There is something really special about helping someone find their very first home. Buying a home for the first time can be intimidating, so first-time buyers are unique and need a different type of support from their real estate agents.
I've been working with a service called Ribbon to help me streamline the entire process. Ribbon is transforming how people buy and sell their homes to the way people want it to be, which means a seamless process for the agent and client alike.
Ribbon utilizes technology, software, and access to capital to help guarantee a home transaction.
In 2020, first-time home buyers made up 33% of the buying market - a huge amount compared to other years. The majority of these being millennials.
As a realtor, it's important to understand the unique struggles of first-time buyers. I like to do my research so I can offer my clients knowledge and great service. Ribbon's Transaction Coordination Team moves agent files through the process to closing on their behalf, making things run smoother for my clients and freeing up time for me to guide them through the process of buying their first home.
I also like to offer my clients the best financial options available to them. Millennials are entering the market later than previous generations as they need to rent longer in order to save more. They tend to have more debt due to student loans, leaving them with smaller down payments than homebuyers in the '80s - 6% compared to 12%
Using Ribbon means my clients can make an offer in all cash, thanks to their Offer Upgrade Program. This increases their chances of winning in a multiple offer scenario and can costs the client as low as 1% of the purchase price of the property.
As well as having the option to pay in cash, The Flexible Move-In Program means that Ribbon will purchase on behalf of the buyer until my client can repurchase the home back, within 6 months.
Ribbon can also help my clients buy or sell a home in a timely manner and remove any home sale contingencies. Ribbon has the fastest close time in the industry, sometimes taking as few as 14 business days.
There is no cost for an agent to use Ribbon. It gives my clients so many great benefits–like becoming cash buyers, free valuations, and the removal of home sale contingencies.
Buying your first home is both exciting and scary. Make sure your realtor is equipped with the best tools to help you. Ribbon can help you get the home of your dreams.