Homeownership company Ribbon announced that it has expanded RibbonReserve, offering first-time homebuyers a 12-month price lock on a new home and providing more time to secure financing at the best possible terms.

The new option also allows existing homeowners to buy a new home with more time to sell their current home.

With RibbonReserve, Ribbon purchases the home on behalf of the buyer, providing up to 12 months to secure financing at the best terms for them. Ribbon leases the home to the buyer, then sells back with a guaranteed home price lock for 12 months.

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