Become a cash buyer!

The real estate market is more competitive than ever before. It’s not uncommon for homes to have dozens of showings and multiple offers. With all that competition, you need something that sets you apart from the rest. 

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    We have created a solution to give you an advantage: becoming a cash buyer.

    Our Cash Buyer program is one of the only Colorado-based cash buyer programs, which means you’re working with local mortgage and real estate experts throughout the entire process. We understand the ultra-competitive Colorado market better than anyone and we know what it takes to win your dream home.

    Our exclusive Cash Buyer program provides funding for you to make an all-cash offer on a new home, giving you the highest chance of success for a winning bid. Clients who use Cash Buyer usually pay less for their house and get their offers accepted more often than mortgage-contingent offers. The program simply charges a 1% convenience fee. You should expect to save about 1-2% of additional home equity by securing your new home on average two months faster than with a traditional loan, which more than makes up for the fee.

    Here’s how it works in 5 easy steps!

    Step 1
    Step 2
    Step 3
    Step 4
    Step 5

    Get pre-funded with Collective Mortgage and Collective Offers

    Get Pre-Approved with Collective Mortgage and become Pre-Funded with Collective Offers powered by Zavvie to be a Cash Buyer.    

    Find your new home

    This is the fun part! You can shop for your new home, knowing you have the advantage of a cash offer in your back pocket.

    Make your cash offer

    You have no client obligation until this step, which means you can shop without feeling pressured. Once you make your offer, you’ll make a 2.5% deposit to 8z Offers, which is in lieu of earnest money. 

    Move into your new home and buy it back

    You’ll get to live in your new home while you work with Collective Mortgage to buy back your home from 8z Offers (usually in two weeks or less). You’ll pay a prorated rate of deferred occupancy (DOC) cost for the days you live in your new home.

    Close on your new home

    You’ll close on your new home and receive your deposit back, minus the DOC and the 1% convenience fee, which is typically less than the deposit - you’ll get money back after closing!

    The Numbers Don’t Lie

    STEP 1
    Pre-funded & Pre-approved

    Maximum offer price from 8z Offers$750,000
    Highest offer price$725,000
    Your offer price (All cash from 8z Offers)
    *Potentially 1-2% lower than the highest competing offer

    STEP 2
    Under Contract on New Home

    2.5% deposit to 8z Offers$17,762

    STEP 3
    Close on New Home

    10% down payment$71,050
    Mortgage loan amount$639,450

    STEP 4
    Money You Get Back

    From 2.5% deposit$17,762
    Deferred occupancy cost while living in your new home
    (typically two weeks or less before you buy back new home)
    1% convenience fee-$7,105
    Total You Get Back$8,996

    Benefits of using Cash Buyer

    • Save time and money by getting an offer accepted sooner (on average two months faster than with a traditional loan) and closing quickly.
    • Be in control of when you close and if you close - you’ll get your entire deposit back if you terminate on or before the termination deadline.
    • Live in your new home before you close, which saves you the stress of timing your move perfectly.
    • Start building equity! Homes in Colorado are appreciating at 1.5% per month right now, which is well over the 1% fee Cash Buyer requires.

    Please fill out your contact info and we will be in touch

      Cash Buyer & Modern Bridge Frequently asked questions

      Why should I use Cash Buyer or Modern Bridge (Collective Offers Modern Bridge)?

      By using Collective Offers powered by Zavvie to place a cash offer on your desired home, you are getting the highest chance of success for a winning bid. Sellers prefer non-contingent cash offers because they allow for a smoother, faster transaction, with a higher probability of closing. Loan-based offers can often drag on or completely fall apart. It normally takes 30 days to close on a loan and a lot can change in that time. Give yourself a competitive edge by submitting an cash offer and let sellers and agents know the deal is as good as done once it’s accepted.

      What is the difference between Modern Bridge and Cash Buyer?

      Modern Bridge is for clients who need the proceeds from their current home before closing on a new mortgage. Cash Buyer is for clients who can close on their mortgage without selling another property. This includes first-time home buyers!

      For Modern Bridge, how long do I have to sell my home?

      You have 60 days from the moment 8z Offers close on your new home to get under contract on the sale of your old home. After this point, 8z Offers reserves the right to reduce the listing price on your old home.

      Who controls the negotiations and closing?

      You and your 8z agent are still in control of all negotiations and due diligence items like a typical transaction, inclusive of inspection. 8z Offers wants it to be a highly personalized experience, as it would be with a traditional closing. 8z Offers is here to bring cash to closing and help you win your dream home.

      Is an inspection required?

      Yes, 8z Offers requires an inspection on all purchase contracts. 8z Offers needs your approval before signing any and all due diligence documents. For example, the inspection resolution.

      Am I financially qualified for the program?

      Cash approval can be given with as little as a 5% down payment on your mortgage. In addition, you must have 2.5% of your new home purchase price in liquid funds for your deposit. This will be due upon 8z Offers going under contract on the new home. 8z Offers will take care of earnest money!

      How long does the approval process take?

      In addition to mortgage pre-approval, 8z Offers fully underwrites your loan. This process takes approximately 48-72 hours in addition to their standard mortgage pre-approval.