GREENLIGHT OFFER

The Greenlight Offer from Snap Homes makes it easy for homebuyers to jump on their dream homes with cash offers, cutting through the usual financing headaches. You get pre-approved through our trusted lenders, which means you can make a Greenlight Offer that helps you stand out in the crowd. This simple process not only makes buying a home easier but also helps you smoothly transition to permanent financing, so you can focus on settling into your new place without any added stress.
 
 

How it Works

1. Get Your Pre-Approval

  • You get fully pre-approved for your desired home with a Snap Homes' approved lender.
  • Approved Lender sends the fully pre-approved mortgage to Snap Homes for review.
  • Snap Homes reviews pre-approval, reviews the property value and issues a Greenlight Offer.

2. Level Up Your Offer

  • You work with your agent to find a home and make a non-contingent cash offer, ensuring the program deposit is in place.
  • Agent submits the offer to Snap Homes for review and gets the purchase agreement signed.
  • Snap Homes approves the purchase agreement and provides the required proof of funds for cash offers.

3. Level the Close

  • You are ready to move into your new home while financing is being processed.
  • Lender reviews financing options with you and prepares to close the permanent financing.
  • Snap has purchased the home and daily costs begin. 

4. Let's do it again

  • You work with the lender to finalize the permanent financing.
  • Lender closes the new financing, replacing the short-term lease and daily costs stop on the day the permanent financing is closed. 
  • Snap collects all program fees, balances the daily costs and refunds any unearned fees to you.


Celebrate! You have successfully used our Greelight Offer to level the buying field! 
 


Pricing

The expense of utilizing Snap Homes can be as low as 1%, but it will vary based on your property's location, offer amount, and the specific product chosen.

When your Snap Homes Greenlight Offer is approved, we require a 3% deposit. This deposit will be collected as earnest money when our Cash Offer is accepted, covering the cash offer and guaranteeing the closing.

If the buyer finalizes with their current financing: The cost is 1%, payable to Snap Homes. The remaining deposit balance will be credited to the buyer at closing.

If the buyer cannot close with their financing within the designated time: If Snap's Greenlight Offer is utilized, the fee will be 3%. This fee is paid to Snap Homes as a transaction charge at closing.

*Terms and conditions apply. If Snap Homes becomes the purchaser, our list of standard repairs (if necessary) must be completed prior to closing.
**Additional terms and costs may apply. Please consult your Snap Homes team for a detailed list prior to accepting terms.

Buyers

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

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Sellers

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

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Realtors

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

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