Ribbon Launches in Ohio, Expanding Empowerment of Homebuyers to the Midwest

Homeownership firm companions with Coldwell Banker Heritage to degree the enjoying discipline for Ohioans seeking to buy their dream dwelling

NEW YORK, June 7, 2022 /PRNewswire/ — Ribbon, the homeownership firm, at the moment declares its growth into Ohio, empowering homebuyers with the chance to put in writing RibbonCash Affords which create distinctive alternatives to offer on a regular basis patrons a bonus in at the moment’s crimson sizzling actual property market.

Homeownership and the chance to create generational wealth are baked into the American dream, however Wall Road buyers mixed with decrease stock and rising costs, are making that dream tougher to attain. Cincinnati and Columbus each noticed a exceptional rise in investor purchases – made with a conventional all-cash supply – with 46.5% and 31.6%, respectively, with round one in every of each six properties in these markets going to an investor within the final quarter of 2021.

In response to Columbus Realtors, 21 % of patrons paid all money in 2021, rising 5% year-over-year. Within the first two months of 2022, the share of money purchases elevated to 24.3%. House costs statewide have been up 11.7% year-over-year in February whereas the variety of properties offered rose 1% and the variety of properties on the market fell 26.1%, in accordance to Redfin. Key markets like Cincinnati, Dayton and Columbus have all seen a lower within the variety of days a house stays available on the market and elevated investor exercise.

Add in struggles with a vicious cycle of accelerating lease that stops patrons from saving for a house, and many individuals – notably individuals of shade, veterans and different underserved communities – are left feeling they will by no means be capable of purchase a house.

“Whereas dwelling patrons see the rising costs of properties because of reducing stock as a problem to their very own dream of homeownership, institutional buyers see the gold mine of giving individuals no selection however to lease –shifting fairness out of those communities,” mentioned Shaival Shah, co-founder and CEO of Ribbon.

“Our purpose is to make homeownership achievable for all by empowering them with the financial and area people assets they should create aggressive provides whereas making the journey to homeownership simpler and extra satisfying.”

With a give attention to constructing neighborhood, Ribbon provides patrons, sellers and brokers the benefit of certainty and predictability. RibbonCash Affords present a greater probability to win the house than conventional money provides as a result of they’re assured to shut with backing by Ribbon. Homebuyers can waive mortgage, appraisal and residential sale contingencies by means of the facility of an all cash-offer on their dream dwelling. Ribbon holds agent and mortgage officer webinars weekly.

Ribbon and Coldwell Banker Heritage companion to empower homebuyers in Ohio

Connecting Ribbon’s highly effective all-cash provides with Coldwell Banker Heritage’s intensive data of the Ohioan neighborhood will allow on a regular basis patrons to turn out to be a aggressive pressure in opposition to difficult advertising and marketing circumstances and an rising investor presence.

“A part of what we love most about partnering with Ribbon is figuring out how exhausting they work to fulfill each shopper’s distinctive wants, simply as our actual property brokers do each day,” mentioned Ron Sweeney, Managing Accomplice of Coldwell Banker Heritage in Ohio. “Patrons get an opportunity to attach with somebody they will meet in individual and who is aware of the neighborhood whereas nonetheless being empowered with the aggressive instruments of a big worldwide group. Each side of this course of turns into smoother for the customer, the vendor and our brokers.”

“Coldwell Banker Heritage was a pure match as a companion as a result of they funnel greater than 50 years of business data down to every of their 525 brokers in Ohio,” mentioned Shah. “We’re happy to work alongside their brokers and create alternatives to construct up the very communities they work in.”

Along with Ohio, Ribbon operates within the Midwest, South, alongside the East Coast, and the Nice Plains, with plans to increase to half of the U.S. by the top of 2022. For extra details about Ribbon, go to www.ribbonhome.com.

About Ribbon:
Based in 2017 in New York and Charlotte, Ribbon is on a mission to make homeownership achievable. Ribbon permits on a regular basis households to compete on a degree enjoying discipline with high-net-worth people and institutional patrons by upgrading their provides to successful RibbonCash Affords. Because the main actual property know-how platform, Ribbon empowers brokers, brokerages, and lenders to create a world-class expertise for dwelling patrons and sellers by means of highly effective monetary merchandise and digital workflow software program. Go to ribbonhome.com.

About Coldwell Banker Heritage:
Coldwell Banker Heritage is domestically owned and operated in Southwest Ohio and was established in 1967. They’ve been the primary actual property firm within the area since 1974 and helps over 500 actual property brokers. To study extra about Coldwell Banker Heritage, go to ColdwellBankerIsHome.com.

The Coldwell Banker model is the oldest and most established residential actual property franchise system in North America. The truth is, in some ways it was the unique actual property “begin up.” Based by younger entrepreneurs Colbert Coldwell in 1906 and later Benjamin Banker, Coldwell Banker modified the best way individuals purchased and offered properties throughout America, in the end changing into some of the trusted actual property manufacturers on the earth. Greater than 100 years later, the Coldwell Banker community remains to be constantly acknowledged for its innovation and management throughout 3,000 workplaces in 49 nations and territories.

Media Contact:
Charlie Ozuturk
Communications @ Ribbon
[email protected] 
732.552.5080

Media Contact:
Rachel Ennis
Coldwell Banker Heritage
[email protected]
937.789.7343

Media Contact:
BLASTmedia for Ribbon
[email protected]
317.806.1900

SOURCE Ribbon