Ribbon home buying program

[Jeff Fountain]

Does anyone know the validity of the the RibbonHome buying program? https://www.ribbonhome.com Do you know of anyone who has used it and if so, did he or she have a positive experience? 

I have a good friend struggling to get an offer accepted on a new home purchase in Florida. We all know the market is extremely aggressive and competitive in the state. Her realtor recommended the program so thought I would try and reach out to the great biggerpockets community and inquire.

For those that don't know, the RibbonHome buying program comes in, pays all cash for the property, and you in turn pay a fee in addition to buying the home from them. The obvious advantage is the all-cash purchase by someone who has the capital to make such an offer. I have done almost no research to this point but was curious enough to throw it on our forum and see if anyone has experienced it. 

Thanks in advance for responses. 

[Annchen Knodt]

@Jeff Fountain @Karen Johnson I'm wondering about the Ribbon Home program too - I'm shopping for a primary in Durham NC which has been totally insane and I'm looking into every possible avenue to help me compete, so I've started the process of using Ribbon. I know an agent in Texas who has helped an FHA buyer win a home with it, and she said everything went great. I wish I could find more people who are experienced with it, but if it helps me win a contract then I'll be a guinea pig! Neither my agent nor my lender had heard of them but so far they both don't see any red flags and are happy to work with them.