MODERN BRIDGE OFFER

The Modern Bridge Offer from Snap Homes lets you buy your dream home with a cash offer, even before selling your current one. You get pre-approved through our trusted lenders, making it easy to secure a Modern Bridge Offer and stand out in the competitive market. This process helps you smoothly transition from short-term financing to permanent financing, ensuring you can move into your new home right away while we handle the sale of your old home.
 
 

How it Works

1. Get Your Pre-Approval

  • You get fully pre-approved for the home you are trying to purchase with a Snap Homes' approved lender.
  • Lender issues the fully pre-approved mortgage to Snap Homes for review.
  • Snap Homes reviews the pre-approval, evaluates the property value, and issues a Modern Bridge Offer.

2. Level Up Your Offer

  • You work with your agent to find a home and make a cash offer.
  • Agent submits the offer to Snap Homes for review and gets the purchase agreement signed.
  • Snap Homes approves the purchase agreement and provides proof of funds required for cash offers.

3. Level the Close

  • You close with short-term financing from Snap Homes and move in at closing.
  • Lender reviews financing options with you and prepares to close the permanent financing, pending the sale of your existing home.
  • Agent lists, stages and markets your home to sell.
  • Snap Homes has purchased the home and daily costs begin (see pricing for more).

4. Let's do it again

  • You work with your realtor to accept an offer on your old home.
  • The agent guides you to ensure everything goes smoothly.
  • Snap Homes starts celebrating by helping you prepare to complete the financing and buy your new home from Snap Homes.

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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