FAQS

Below are answers to our most Frequently Asked Questions. Whether you're curious about our services, policies, or how to get started, find answers here to support your journey with us.

A Snap Cash offer is a guaranteed offer to be used to purchase the home of your dreams.  We want you to be victorious in the home process and get off the sidelines of home buying 

Absolutely, we believe the Real Estate agent is the single most important factor in helping you find the home of your dreams.  We work with Real Estate agents instead of competing against them.

On a limited basis. Since getting a pre-underwritten, pre-approval is essential in providing you with a cash offer we only work with Snap Homes Mortgage or a lender that has signed up and completed our certification process.

Currently Snap Homez operates in Michigan, Tennessee and Florida. 

No. We are in the market of helping customers move into their home of their dreams, therefore we are not in the market of buying homes and competing with the Real Estate Agents. 

Snap will help you sell the home you are currently in. We will either buy the home from you or help you list the home immediately.  It may be necessary to list immediately after closing on your home to ensure your pre-approval does not factor in your new mortgage payment with the mortgage payment on the home you are selling.

As a consumer simply fill out our GET MORE INFO sheet, have your Real Estate Agent get signed up and speak with one of our approved Mortgage partners.

The cost of each product varies between 1%-3% - see detailed product for pricing.

Yes, each Snap Homes Cash Offer is required to have a home inspection by an approved Snap Inspector.

Repairs will be required to be completed prior to purchase.

The buyer pays for the inspection

Likely, depending on the mortgage program you are obtaining, amount of down payment and mortgage guidelines.

Your EMD and program fee will be held at the Title Company until the transaction is completed.  The EMD will go toward the purchase price of your home and the program fee is the cost of Snap Homes Product.

Snap requires 2% on homes under $500,000 and 3% on homes over $500,001.

Your Cash offers is calculate on the value of your home (We will do a BPO on the property you are looking to acquire) as well your pre-underwritten pre-approval.

Generally, depending on when we receive your inquiry it will take us 24 hours or less.

Nothing. Zip, Zilch, Nada.  While we can’t give you your time back you will be out $0 for trying.

Snap Homez and one of their approved mortgage partners will do an inquiry for the purpose of purchasing a home.

We are available from 8:00 AM – 9:00 PM EST Monday-Friday. We are available on Saturday 10:00 AM -2:00 PM EST

Snap is headquartered in Detroit, Michigan – The Motor City!

No.  Snap is a partner to the real estate community and not a competitor.

Yes. As your realtor we want to ensure your realtor is signed up and understands how Snap Homes will help you win in this market.

Upon closing one of our Snap Homes products. 

The home when purchased is owned by Snap and leased back to client until they can Purchase property.  This is a short term lease (usually not to exceed 6 months) and if unable to fulfill the financing then client would need to vacated home as organized by the governing law in their state.

We have several partners in each state to facilitate closings.

Buyers

Make a fully backed non-contingent cash offer on your dream home.

Sellers

Make an offer on your new home without stressing about the sale of your current home.

Realtors

Submit your client's next offer with confidence and without the contingencies.