Want To Make A Cash Offer?
Our Good to Go Cash Offer Program is giving home buyers more power and punch in the current real estate market
Get a Good to Go Pre-Approval and submit a CASH OFFER.
Good to Go Cash Offer helps you compete in the current market. While you will still purchase your new home through a conventional mortgage, there will NOT be a mortgage or appraisal contingency in your purchase agreement.
This allows you to write your offer as Cash.
HOW IT WORKS
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HOW IT WORKS -
01 Get In Contact
Contact a John Adams Mortgage loan consultant as early as possible in your homebuying experience.
02 Get Pre-Approved
Get a Good to Go fully underwritten pre-approval by John Adams Mortgage. You will then sign a Good to Go Cash Offer Agreement.
03 Pick Your Property
Identify the property you want to make an offer on.
04 Send The
Property Address
You or your Buyer's Agent will send the property address to your John Adams Mortgage loan consultant.
05 Receive The
Market Value
Our team will determine the market value of the property with a 24-hour turnaround time.
06 Submit Your Cash Offer!
The offer will be written as Cash on the purchase agreement. A Good to Go Cash Offer addendum will be included with the PA for you, the Buyer, and the Seller to sign.
It’s time to make your offer standout!
Program Details
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Because we have an in-house underwriting team, we can provide a full underwritten pre-approval to our clients. You should immediately contact a John Adams Mortgage loan consultant to begin the process. It typically takes 3-5 days to complete.
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Conventional loans only. There is no purchase price minimum. The maximum purchase price we work with is $650,000.
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If this is the case, you will be required to put the difference in escrow with Capital Title. You have 2 days from offer acceptance to deposit value shortfall funds with Capital Title.
Example: If our determined value of the property is $350k and you want to offer $370k, you will need to escrow $20k with Capital Title.
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There will still be an appraisal since you are getting a mortgage. There is NOT an appraisal or mortgage contingency in the purchase agreement.
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There is only a 2.5% fee if you can't close for a mortgage or appraisal-related reason and we have to step in to buy the property. If that's the case, this fee helps to cover our expenses.
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This program is available for all conventional borrowers in our Southeast Michigan markets: Oakland, Macomb, Wayne, Washtenaw and Livingston counties.
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We will retain any escrow, plus the EMD, to help cover any value shortfall and cost of selling the property, should you be unable to close based on your mortgage approval.
