8z Cash Buy

Gain The Advantage. Become A Cash Buyer.

Here's how it works in 5 easy steps!

Get pre-funded with Collective Mortgage and 8z Offers

Collective Mortgage and 8z Offers work in tandem to make sure you are set up with your maximum offer price as well as the pre-approval for your home loan.

Find your new home

This is the fun part! You can shop for your new home, knowing you have the advantage of a cash offer in your back pocket.

Make your cash offer

You have no client obligation until this step, which means you can shop without feeling pressured. Once you make your offer, you’ll make a 2.5% deposit to 8z Offers, which is in lieu of earnest money.

Move into your new home and buy it back

You’ll get to live in your new home while you work with Collective Mortgage to buy back your home from 8z Offers (usually in two weeks or less). You’ll pay a prorated rate of deferred occupancy (DOC) cost for the days you live in your new home.

Close on your new home

You’ll close on your new home and receive your deposit back, minus the DOC and the 1% convenience fee, which is typically less than the deposit - you’ll get money back after closing!

Benefits of using 8z Cash Buy

  • Save time and money by getting an offer accepted sooner (on average two months faster than with a traditional loan) and closing quickly.
  • Be in control of when you close and if you close - you’ll get your entire deposit back if you terminate on or before the termination deadline.
  • Live in your new home before you close, which saves you the stress of timing your move perfectly.
  • Start building equity! Homes in Colorado are appreciating at 1.5% per month right now, which is well over the 1% fee 8z Cash Buyer requires.

8z Cash Buy & 8z Cash Buy Before Sell Frequently asked questions

By using 8z Offers to place a cash offer on your desired home, you are getting the highest chance of success for a winning bid. Sellers prefer non-contingent cash offers because they allow for a smoother, faster transaction, with a higher probability of closing. Loan-based offers can often drag on or completely fall apart. It normally takes 30 days to close on a loan and a lot can change in that time. Give yourself a competitive edge by submitting an 8z Offers cash offer and let sellers and agents know the deal is as good as done once it’s accepted.

Cash Buy Before Sell is for clients who need the proceeds from their current home before closing on a new mortgage. Cash Buyer is for clients who can close on their mortgage without selling another property. This includes first-time home buyers!

You have 60 days from the moment 8z Offers close on your new home to get under contract on the sale of your old home. After this point, 8z Offers reserves the right to reduce the listing price on your old home.

You and your 8z agent are still in control of all negotiations and due diligence items like a typical transaction, inclusive of inspection. 8z Offers wants it to be a highly personalized experience, as it would be with a traditional closing. 8z Offers is here to bring cash to closing and help you win your dream home.

Yes, 8z Offers requires an inspection on all purchase contracts. 8z Offers needs your approval before signing any and all due diligence documents. For example, the inspection resolution.

Cash approval can be given with as little as a 5% down payment on your mortgage. In addition, you must have 2.5% of your new home purchase price in liquid funds for your deposit. This will be due upon 8z Offers going under contract on the new home. 8z Offers will take care of earnest money!

In addition to mortgage pre-approval, 8z Offers fully underwrites your loan. This process takes approximately 48-72 hours in addition to their standard mortgage pre-approval.

Work With Us

Let 8z handle all of your home buying and selling needs. Our agents provide clarity, control and confidence throughout the real estate process and are with you every step of the way.