Query: How Does The Cash Advance Work?
Context: If we negotiated to give you a cash advance before your sale, we need to make sure that we run a title search prior to releasing any advances. This will let us know that you have full authority to convey a clear & marketable title to your property and that there are no issues that can prevent us from purchasing your home and moving forward. Title searches typically take about 5 days to come back, and we can give you an advance within 1-2 business days after title is back and providing that it is clear.
The amount of the cash advance depends on your needs and your circumstances. Typically we give advances anywhere from $2,500-$10,000. There have been several urgent cases that we advanced more than that because the sellers really needed it. If you do need an advance, please let us know upfront how much you need and why you need it, so we can try and structure a favorable deal for you.