What does the full process look like?
July 18, 2022 — Read in 1 min
The full steps of a completed Redwood Cash Buyer program look like this-
- Buyer(s) receive TBD Underwriting approval from Day 1 Mortgage
- Buyer(s) receive pre-funding status from Redwood Cash Buyer
- Redwood Power Buyer submits a cash offer, or “cash backed” offer on their next home
- Prior to submitting offer, client agrees to purchase home after closing from Redwood Cash Buyer
- Buyer(s) conducts a Home Inspection (HI) and removes the HI contingency
- Redwood Power Buyer closes on client’s “new home”
- Buyer(s) sell “old home”, if needed
- Buyer(s) purchase “new home” from Redwood Cash Buyer