{"id":29868,"date":"2022-03-03T10:04:09","date_gmt":"2022-03-03T18:04:09","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=29868"},"modified":"2024-03-21T10:23:38","modified_gmt":"2024-03-21T17:23:38","slug":"agent-cash-offer-sierra-madre-home","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/agent-cash-offer-sierra-madre-home\/","title":{"rendered":"After a Year of Rejections, This Agent Won Her Sierra Madre Home with HomeLight Cash Offer"},"content":{"rendered":"<p>When real estate agent <a href=\"https:\/\/www.homelight.com\/agents\/chelsea-shang-ca-01762179\">Chelsea Shang<\/a> and her partner, Alden Ye, had a child in 2019, they decided it was time to stop renting and buy a home of their own.<\/p>\n<p>But it wasn\u2019t going to be easy in a bustling Los Angeles market \u2014 even for an experienced agent.<\/p>\n<p>\u201cAs a Realtor\u00ae, I was faced with the same challenges as my clients,\u201d says Shang. \u201cWe were consistently facing multiple offers, bidding wars, and trying to compete with cash offers. We needed better terms to make our offers look more attractive.\u201d<\/p>\n<p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/hDGplzQJr28\" width=\"700\" height=\"400\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<h2>An insider tip to a competitive edge<\/h2>\n<p>Busy real estate agents are well-connected and always learning about new resources. This is usually a perk for clients, but when an agent becomes their own client, it\u2019s doubly advantageous.<\/p>\n<p>Through her agent partnership with HomeLight, Shang heard about <a href=\"https:\/\/www.homelight.com\/cash-offer\">HomeLight Cash Offer<\/a>. Exhausted from a year of putting in one unsuccessful offer after another, she decided to give the program a try \u2014 and what better way to vet a resource for her clients than to use it herself?<\/p>\n<p>\u201cHomeLight Cash Offer turned out to be the perfect solution for us,\u201d she says. \u201cIt instantly made our offer really attractive and gave us the ability to compete with other cash offers.\u201d<\/p>\n<p>The program works by giving qualified buyers the power of cash. HomeLight Cash Offer eliminates financing contingencies and allows for a fast closing \u2014 even in as few as eight days \u2014 which means that buyers and their agents can submit an ultra-competitive purchase offer and stand out from the crowd.<\/p>\n<p>\u201cWe chose to use HomeLight Cash Offer because we were in the market for a very long time, and we\u2019d been putting in so many offers and really coming close,\u201d explains Ye. \u201cI think the multiple times is what really hurt \u2014 when we were purchasing with a loan, we found ourselves getting really close so many times and then losing to somebody who, in certain circumstances, even had offers below ours.<\/p>\n<p>\u201cHomeLight Cash Offer gave us the opportunity to be more competitive.\u201d<\/p>\n<p>Shang and Ye both appreciated the ease of working with HomeLight experts.<\/p>\n<p>\u201cThe team at HomeLight was great,\u201d says Shang. \u201cEverybody involved was very efficient and quick, and communication was strong. All our questions were answered right off the bat.\u201d<\/p>\n<figure id=\"attachment_29875\" aria-describedby=\"caption-attachment-29875\" style=\"width: 700px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-sierra-madre-home-1.png\" target=\"_blank\"><img decoding=\"async\" width=\"666\" height=\"381\" src=\"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-sierra-madre-home-1-666x381.png\" class=\"attachment-content size-content\" alt=\"A house in Sierra Madre purchased with HomeLight Cash Offer.\" srcset=\"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-sierra-madre-home-1-666x381.png 666w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-sierra-madre-home-1-64x37.png 64w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-sierra-madre-home-1-128x73.png 128w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-sierra-madre-home-1-192x110.png 192w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-sierra-madre-home-1-432x247.png 432w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-sierra-madre-home-1-500x286.png 500w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-sierra-madre-home-1.png 700w\" sizes=\"(max-width: 666px) 100vw, 666px\" \/><\/a><figcaption id=\"caption-attachment-29875\" class=\"wp-caption-text\"><\/a> Source: (<a href=\"https:\/\/www.compass.com\/listing\/679-camillo-road-sierra-madre-ca-91024\/624679086939593017\/\">Chelsea Shang of Moment Realty SOCAL<\/a>)<\/figcaption><\/figure>\n<h2>HomeLight&#8217;s speed made it possible to compete and win<\/h2>\n<p>When competing for a home in a seller\u2019s market, speed is key. HomeLight Cash Offer gave Shang and Ye the speed they needed to compete with \u2014 and ultimately beat \u2014 the competition.<\/p>\n<p>\u201cWe saw this house on the market really late,\u201d says Ye. \u201cWe had a really short timeframe after viewing the house, and everybody on the HomeLight team was fast and efficient. I think it only took about 24 hours from when we saw the home to getting everything put together \u2014 all our financials, the underwriting, the appraisal, and really helping us submit that offer.\u201d<\/p>\n<p>Shang and Ye\u2019s cash offer on their dream home was one of ten offers, and theirs wasn\u2019t the highest \u2014 but it did prove to be the strongest.<\/p>\n<p>\u201cThe sellers were relocating to the east coast, so they were ultimately looking for a quick, easy transaction with the least amount of risk,\u201d says Shang. \u201cThey really valued the timing and guarantee of our cash offer, and the sellers decided to only counter our offer to match the highest bidder \u2014 instead of issuing a multiple counteroffer to all the offers on the table.<\/p>\n<p>\u201cThis made our decision really easy and took out all the stress from a potential bidding war.\u201d<\/p>\n<p>Thanks to HomeLight Cash Offer, Shang and Ye were finally successful in purchasing their preferred home.<\/p>\n<p>\u201cWe\u2019d been putting in offers for a year, and our first offer with HomeLight Cash Offer got accepted \u2014 we were super excited about that,\u201d says Ye.<\/p>\n<figure id=\"attachment_29876\" aria-describedby=\"caption-attachment-29876\" style=\"width: 700px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-sierra-madre-home-porch.png\" target=\"_blank\"><img decoding=\"async\" width=\"666\" height=\"381\" src=\"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-sierra-madre-home-porch-666x381.png\" class=\"attachment-content size-content\" alt=\"A porch of a home purchased with HomeLight Cash Offer.\" srcset=\"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-sierra-madre-home-porch-666x381.png 666w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-sierra-madre-home-porch-64x37.png 64w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-sierra-madre-home-porch-128x73.png 128w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-sierra-madre-home-porch-192x110.png 192w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-sierra-madre-home-porch-432x247.png 432w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-sierra-madre-home-porch-500x286.png 500w, https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2022\/03\/cash-offer-sierra-madre-home-porch.png 700w\" sizes=\"(max-width: 666px) 100vw, 666px\" \/><\/a><figcaption id=\"caption-attachment-29876\" class=\"wp-caption-text\"><\/a> Source: (<a href=\"https:\/\/www.compass.com\/listing\/679-camillo-road-sierra-madre-ca-91024\/624679086939593017\/\">Chelsea Shang of Moment Realty SOCAL<\/a>)<\/figcaption><\/figure>\n<h2>Cash Offer: Tested, approved, and recommended<\/h2>\n<p>It\u2019s safe to say that Shang\u2019s test run with HomeLight Cash Offer was a success, and she is happy to recommend the program to her clients.<\/p>\n<p>\u201cAfter my experience, I highly recommend HomeLight Cash Offer to all of my buyers in the market.<\/p>\n<p>So far, I\u2019ve closed five other buyers with this program and everyone had a great experience. We\u2019ve even saved buyers money, because a lot of times you don\u2019t have to be the highest number to win the home. What you need are the cash and the quick close.\u201d<\/p>\n<p>And HomeLight Cash Offer delivers both.<\/p>\n<p><em>Header Image Source: (Matt Gush \/ Shutterstock)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When real estate agent Chelsea Shang went a full year of getting beat out by other buyers as she tried to buy a new home for her family, she turned to HomeLight Cash Offer and it made all the difference. Her first offer was accepted, even though it wasn\u2019t the highest. Here\u2019s their story.<\/p>\n","protected":false},"author":140,"featured_media":29877,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[193],"tags":[],"class_list":["post-29868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-agents"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>After a Year of Rejections, This Agent Won Her Sierra Madre Home with HomeLight Cash Offer<\/title>\n<meta name=\"description\" content=\"When real estate agent Chelsea Shang went a full year of getting beat out by other buyers as she tried to buy a new home for her family, she turned to HomeLight Cash Offer and it made all the difference. 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