If Redwood Cash Buyer purchases a home on your behalf and you have a home to sell, the total cost of using Redwood Cash Buyer equates to our fee, 1.9% of the purchase price, plus applicable closing costs and rent, which is calculated daily and paid in 30 day increments every month until you buy your new home back from us. If Redwood Cash Buyer backs your offer with a “cash purchase guarantee”, but doesn’t actually purchase the home, our fee is reduced to 1%. All of these fees will be spelled out in your agreement.

Our pre-funding process starts with speaking with a loan officer from Atlantic Coast Mortgage and getting approved via their TBD underwriting process. This means that your income and assets have been verified and all remaining conditions for full approval are property-specific. Once this has been obtained, you will connect with a Redwood Cash Buyer representative to become “pre-funded”.

Yes. A professional home inspection is required for all homes purchased by Redwood Cash Buyer.

The full steps of a completed Redwood Cash Buyer program look like this- 

  • Buyer(s) receive TBD Underwriting approval from Atlantic Coast 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

No. A buyer’s purchase of their “new home” from Redwood Cash Buyer is not contingent on anything. In the same light that Redwood Cash Buyer’s contract to purchase the home from the seller is not contingent on appraisal or mortgage approval, the buyer(s) contract with Redwood Cash Buyer is fully non-contingent. Before Redwood Cash Buyer agrees to buy your “new home” from the seller, you agree to buy the home from Redwood Cash Buyer. 

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Whether you’re looking to buy, sell, rent, or invest in Washington, DC, Maryland, or Virginia, we have the agent for you to make your dreams a reality.

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