At Ribbon, we know selling your home is stressful and every situation is different. In order to understand your particular needs, we designed our process to be simple and transparent.
The Ribbon Process
Step 1: Provide Your Information
The first step to an Ribbon transaction is to fill out our qualification form. This will help us better understand your goals and if Ribbon's Sell & Stay could be your right choice. From there, we will schedule a call with you within 2 business days to tell you a bit more about the program and to learn more about your needs.
Step 2: We’ll Make You a Sell & Stay Offer
Ribbon will present you with an offer to purchase your home and your monthly rent payment.
Step 3: Submit Documentation
We will send you a purchase and sale agreement and the lease you will be signing and having notarized. We use basic forms for both, but we always advise people to ask an attorney for help.
Step 4: Clearing the Contingencies
We always perform an appraisal and inspection that requires a third party to visit your property. This is typically the only time we need to visit prior to closing. We will do a title report and address any concerns at that time.
Step 5: Schedule the Closing
We can typically complete a transaction faster than a typical home sale or lending process. Stay in the home as a renter with no disruptions or expensive moving costs.
Key Takeaways
Ribbon's sale-leaseback solution, Sell & Stay, is a simple and effective way to convert your home equity to cash without having to move out. Consult a financial advisor to decide if Ribbon is the right choice for you.