STEVE MAJERUS SYNERGY ONE LENDING UPGRADE

“Ribbon’s mission is to level the playing field for Colorado homebuyers by empowering them with all-cash offers that can keep everyday folks at the top of the offer stack.”Īs the only cash offer company that does not displace the local ecosystem, Ribbon works directly with real estate professionals who remain key advocates for buyers and sellers. Everyday buyers will have to consider making serious concessions on their wish lists to formulate the strongest offer that can compete against high-net-worth investors with cash-in-hand,” said Shaival Shah, CEO and co-founder of Ribbon. “ Colorado’s popularity has boomed over the last several years, with good reason. Compounding these factors is the fact that homes are off the market in a median of five days. Investor purchases of homes in Denver increased by 51% year-over-year in the last quarter of 2021, making up one out of six homes in that period. In April 2022, nearly 77% of homes in Denver sold above the asking price by an average of 7%, and the number of homes sold is down 10% compared year-over-year due to a tight market marked by high demand. These hopeful homebuyers are facing significant headwinds. Colorado Springs follows closely as the number five most-desired landing spot among the demographic. The desire for homeownership among millennials is vital for Denver’s housing market as that generation makes up 33% of the city’s population, with projections revealing further increase as Denver continues to be their top choice for relocation. Despite these factors and the consistent economic challenges the generation has faced, millennials made up 43% of homebuyers last year. In one of the most competitive housing markets in recent memory, home buyers are feeling immense pressure to overcome low inventory, rising prices, Wall Street investors, and increasing rent that could stunt their chance to achieve homeownership.

STEVE MAJERUS SYNERGY ONE LENDING UPGRADE

Homebuyers in major cities across Colorado, including Denver, can now upgrade their mortgage-backed offers to contingency-free all-cash offers on homes that pass inspection, waiving mortgage, appraisal, and home sale contingencies. NEW YORK, J/PRNewswire/ - Ribbon, the homeownership company, today announces its expansion to Colorado, with Synergy One Lending as its launch partner.

Homeownership company focuses on competitive solutions for Denver homebuyers Synergy One Lending serves as launch partner in the state

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