Ribbon expands into Arkansas, allowing homebuyers to expand their offerings to All Cash

Homeownership company focused on making homeownership achievable Small stone homebuyer; Crye-Leike as the first partner in the state

NEW YORK, May 23, 2022 /PRNewswire/ — Ribbonthe homeownership company, today announces its expansion to Arkansas to start with Small stone. with ribbon, Arkansas Homebuyers can now make cash offers through Ribbon’s Cash Offers and eliminate mortgages, appraisals and home sale contingencies.

For many, buying a home is part of the American Dream. However, a combination of low inventories, bidding wars, Wall Street investors, and increased rents are keeping buyers from buying or saving a home — sometimes thwarting their home-owning dreams.

homebuyer one Arkansas I felt the same way. Despite one 30.2% more new listings compared to the previous year, there were 24.6% fewer houses for sale in February at Arkansas year-over-year, and the average time a home was on the market nearly halved year-over-year, from 58 days to 30 days. Living trends in Small stone follow state and national trends. Across the country, Real estate prices increased by 15.2%while the number of homes for sale fell by 33.2% December 2021 compared to the previous year.

“The fast pace of houses being sold Arkansas shows the stiff competition buyers face, fueled by Wall Street investors and high net worth individuals with all-cash deals. Access to cash offers through RibbonCash will empower you Arkansas Homebuyers compete on an equal footing with institutional investors,” he said Shaival ShahCEO and co-founder of Ribbon.

“Ribbon is committed to overcoming these challenges and – with the power of our cash offers – we are leveling the playing field for Arkansas homebuyers and their agents.”

Arkansas also houses five US military bases, including the Small stone air force base. In 2021, 12,396 Arkansas veterans applied for a home loan, compared to 5,525 in 2019corresponding Veterans United Home Loans. Experienced homebuyers often face unique challenges as sacrosanct VA loans can face headwinds given the misperceptions, lengthy process and increased cash offerings and investor activity. With Ribbon as an advocate, veterans can win their dream homes.

With RibbonCash Offers, Homebuyers can make a cash offer on their dream home: Mortgage Waiver, Valuation and Home Sale Contingencies. Ribbon’s guaranteed close gives buyers, sellers and brokers additional predictability.

Ribbon and Crye-Leike work together to support homebuyers Arkansas

In order to offer as many interested parties as possible a competitive advantage from day one, Ribbon’s first launch partner is in Arkansas will be crye-leike, ranks the third largest independent real estate company in the United States. With RibbonCash, Crye-Leike representatives have a powerful tool to help everyday shoppers compete – even in the most competitive market conditions, going head-to-head with investors.

“We look forward to our agents and buyers Small stoneas using Ribbon will enable them to be more successful in their offerings,” said Angie JohnsonManaging Broker of Crye-Leike in Benton, Arkansas. “By making offers that aren’t dependent on valuation and cash equivalent, they can compete with investors. It’s a win for the buyer, the seller and our agents showing fewer homes to get an accepted offer .”

In addition to ArkansasRibbon works in North Carolina, South Carolina, Texas, Tennessee, Georgia, Florida, Alabama, Missouri, Oklahoma, Virginia and Indianawith plans to expand to half of the US by the end of 2022. For more information about Ribbon, see www.ribbonhome.com.

About Band:
Established in 2017 new York and Charlotte, Ribbon is dedicated to making home ownership accessible. Ribbon, a technology-enabled homeownership company, enables everyday families to compete on an equal footing with high net worth individuals and institutional buyers by upgrading their offerings into profitable RibbonCash offers. Ribbon empowers brokers, brokers, and lenders to create a premium experience for home buyers and sellers through powerful financial products and digital workflow software. Visit Ribbonhome.com.

About Crye-Leike:
Crye-Leike is a full service real estate company, founded in memphis in 1977. Today it is the third largest independent real estate company in the country and the largest real estate company serving the markets Tennessee, Arkansas, Georgia, Mississippi and the Middle South. Crye-Leike has a network of over 3,200 licensed sales representatives, over 600 employees and over 130 offices and franchises across an eight state region Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Oklahomaand Tennessee. Crye-Leike also has a franchise location in Puerto Rico.

Media contact:
Charlie Ozutürk
GtM communication manager, ribbon
[email protected]
732.552.5080

Media contact:
BLASTmedia for Ribbon
[email protected]
317.806.1900

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