Billboard advertising from Homie. “Homie isn’t for everyone…just people who want to save thousands.”
Yes, you read that right! Our official DOM* (Days on Market) is 15 days. In other words, Homie sells your home in two weeks and 1 day on average (or 360 hours, whichever you prefer). So, why would you hire a traditional agent that may charge you 6%** in commissions ($18,000 on a $300,000 home)? Saving thousands while selling faster is a game changer (and a no-brainer)!!!
That isn’t the only game changing data. Our average home listing price is $400,000! That number is important for you to know because we are helping customers with homes from all price ranges and you can have confidence in our ability to sell the $1,000,000+ home to the $100,000 home. The more money a home sells for, the more savings you get by going with Homie!
For example, we had a $1,000,000 home sell with us in just one weekend. Homie can sell your high end home too. We also represented the buyer so our client didn’t have to pay the typical 3%** buyer agent commission either. Do that math! That could have been $60,000 in commissions.
“Our $1,000,000 home sold in a weekend!” – Doug Johnson
Homes that list with us under the $400,000 price tag, are an even hotter commodity. Currently, there’s a shortage of affordable homes. So, we’re helping our clients navigate through multiple offer situations daily. Averaging 15 days on market means some homes sell within a few days!
Hand Holding from Homies Agents & Attorneys
Homie’s tech, attorneys, and agents take care of all the heavy lifting for you. We assign an agent to each client so you have someone in your corner when you need help. Our team helps you with all of the paperwork and negotiations. We also help price your home based on comparable home sales in your area from MLS data and other technology platforms. We’ve got your back!
BUY, SELL or get a LOAN with a team of attorneys, agents, and loan officers. Homie and Homie Loans*** are changing the real estate industry to benefit consumers!
Homies don’t let homies pay huge commissions. So, homie, you should share this with your friends and family!
Call us at 385-429-6888 or visit us online to learn how you can buy or sell a home, the new way, with Homie!
*Based on information from Wasatch Front Regional Multiple Listing Service, Inc. for the period Jan 1st, 2018 through March 27th, 2018. Also, based on information from the Arizona Regional Multiple Listing Service for the period Jan 1st, 2018 through March 27th, 2018.
**Commission fees vary from agent to agent.
***Homie is a licensed real estate brokerage that has a business relationship with Homie Loans, a licensed mortgage brokerage, as in they are owned by the same persons. For more information visit: https://www.homie.com/terms.
Have you ever paid someone $18,000 to do a week or a month’s worth of work? Sounds crazy right? What if we told you that the person you paid, turned around and hired someone else to do the job? You’re thinking that’s bonkers too, right? Welcome to the real estate industry.
The Traditional 6% Commission
There are many problems with this industry, but the traditional 6% commission takes the cake. We all know that the current market is incredibly hot and some homes even sell in a few days with multiple offers.
Having sold almost two thousand homes in our two year history, our real estate agents and attorneys take care of our clients while saving them thousands of dollars. Through our experience, we know that homes sell quickly and agree that you don’t need to pay such high fees. You need to ask yourself: is it worth it to give away so much money?
Your Agent Pays Another Agent to Sell Your Home
When you hire a traditional agent to sell your home, they have you sign an agreement to pay them a 6% sales commission (*commissions can be negotiated agent by agent). Keep in mind that 6% of a $300,000 home is $18,000! Your agent will usually split this commission (3% they keep and 3% they share) with a buyer agent. It’s the buyer agent who is actually showing and selling your home. The typical process looks like this:
Seller agent convinces you that they can sell your home
Seller agent takes photos, helps you price home, lists your home on the MLS (listing service where agents look for homes)
Seller agent puts lock box on door to let buyer agents into your home
Random buyer agent sells your home to their buyers
This isn’t a comprehensive list of what an agent does for you but I hope you see our point. Our point is that this industry is backwards and needs some help. Ask most agents and they will tell you it’s the buyer agent that does most of the work. The seller agent simply lists the home and helps with paperwork. So, does it make sense to you to pay these type of commissions to sell your home? It doesn’t makes sense to us either.
Stop the Madness — Save Money with Homie
At Homie, we think this industry needs an update. We’ve built a platform where you’re not paying two agents HUGE commissions to do a job that you mostly do.
To be clear, we have nothing against real estate agents. In fact, we love them. In fact, we are them. The team at Homie is made up of real estate agents and attorneys, helping you through the process of buying or selling a home. We simply feel it’s time for this outdated industry to make a few changes to benefit consumers.
Selling Your Home with Homie
The best part is, Homie works! Our clients’ homes sell for top dollar and sell quickly. Our real estate agents and attorneys are split into teams of specialists. Our pricing specialists have years of industry experience. They use MLS data and technology to help you price your home. Another agent team focuses exclusively on negotiations and assists with the paperwork.
Don’t confuse us for those companies that simply buy your home for cash. They maximize their profit by buying it as cheap as they can from you and then selling it for more. The worst part is, they will still charge you 6% to 12% in commissions. Does that sound like a good deal? Um, no. Our goal is the get you the highest price for your home while paying the least amount of fees.
The truth is, selling a home is a pretty simple process. Are there complications that pop up from time to time? Of course, but our team of agents and attorneys guide you through the whole processes, including when some of those tricky situations come up.Once you know what actually happens during the selling process, it just makes sense to kick the old system to the curb. We are committed to customers, not commissions.
To learn more, check out Homie.com or click this link to see what our clients have to say about their experience and savings!
PS — We can also help you buy a home and get a loan through our sister company, Homie Loans*! We’re transforming the entire home buying and selling process! We’ve got your back.
*Homie, a real estate brokerage, has an affiliated business relationship with Homie Loans, a mortgage brokerage.
If you’re the kind of buyer who appreciates a six-burner Wolff stove and a custom-paneled Sub-Zero refrigerator, you’re looking for more than square footage. You’re looking for a home that really speaks to you, reflects your lifestyle, and rewards you with a rush of pleasure and satisfaction every time you walk through door. But this kind of luxurious, high-quality home is sometimes difficult to place a valuation on. Just how much more should you pay for that heated driveway, basketball court, and pool?
Every day you walk through your space, quality craftsmanship (like bull-nosed edges on your dry wall and waterfall edges on your granite countertops) not only looks good, it feels good, enhancing any lifestyle.
A new view on life (literally)
What’s life above the inversion with a view of rustic Wasatch mountains, pine trees, and a stunning panorama of the valley worth to you? While some buyers are fine living down in the valley, others prefer the hillsides. Discriminating buyers also take the aesthetic of neighboring homes and community security features into account.
Reduced maintenance costs and worries
“Commercial-grade exterior doors with embedded thermopane windows, extra insulation in the attic, a brick exterior, commercial HVAC systems —these are not typically reflected properly in the basic cost per square foot calculation, but they (among other items) have greatly reduced my maintenance over the years” says Homie homeowner Dan Peterson.
A quality home that has been well-maintained can mean less annual maintenance, which can save valuable time and money. It’s recommended that homebuyers set aside 1-4% of the home’s total value aside annually for repairs and maintenance, which makes it easier to understand quality’s real value.
Protected resale value
According to Remodeling.com, there are quite a few home upgrades that can have a positive ROI for homeowners. A garage door replacement, for example, may cost $3,400 on average, but 98.3% of that cost can be recouped according to their data. Similarly, a wood deck addition, a minor kitchen remodel and a steel entry door all have ROIs of more than 80%. And a luxury master bath is always a hit.
While homeowners should pay attention to this data, so should home buyers. These numbers speak to the value that quality materials and renovation can have on your home for years to come.
Living your best life
Quality features can make the difference between living in a home and truly enjoying a home. As a homebuyer, look deeper than what’s on the surface —you may find that the very best “hidden features” are the ones that will make life more pleasant and will ensure that your new home withstands the test of time.
So, what does all this mean for assessing the value of high-end homes? We come back to the age-old adage, a home is worth what a buyer is willing to pay for it. And discriminating buyers know the value of quality. Browse high-end homes at homie.com today.
Having to compete against all-cash investor offers when trying to buy your first home is becoming all too real in Utah and Phoenix. All-cash offers accounted for over 27% of all single-family home and condo sales at the end of 2016, many of which (roughly 19%) were distinguished as investment properties. And, with investors typically purchasing properties in the “starter-home” range (between $150,000-$250,000), first-time home buyers must be creative with their offers in order to stay competitive.
So what can buyers do to place themselves in a better position? Here are some strategies to consider:
#1. Bring your best game face
The most straightforward way to compete with an all-cash investor offer (or any potential bidding war, for that matter) is to present your strongest offer first. When you leave nothing on the table, you can rest assured knowing that you gave it your best shot. In a competitive seller’s market, this can mean a full-price or above-asking offer.
If you’re going to compete with an all-cash offer, being pre-qualified is the bare-minimum. A pre-qualification letter says your lender or mortgage broker has reviewed your basic information and feel like you’re qualified to purchase, but no documentation has been supplied.
If you want to take that a step further (and you do, because #mustcompete), talk to* about getting a pre-approval letter, not just a pre-qualification letter. Pre-approval means your mortgage broker has documented your income and other financials and that you’re approved for a specific mortgage amount. This can demonstrate to sellers that you’re a serious contender.
#3. Drop some cash up front
Earnest money is essentially a “deposit” that you put into an escrow account once a signed agreement is reached. Like a pre-approval letter, beefing up your earnest money deposit can show you mean business and aren’t likely to back out of the deal. Investors often skimp on (or even exclude) earnest money in their offers, as they don’t want to tie up their funds—so this can give you a leg up on the competition.
Although it can vary based on where you live, earnest money of 1% of the purchase price usually the minimum and an earnest money deposit of 2-3% can start to woo your seller.
#4. Make it quick and painless
When you make an offer on a house, there are a myriad of contingencies you can add in order to protect yourself during the transaction. If you’re competing against an investor who will likely not require an inspection, for example, perhaps you reduce your inspection time. This can be risky, so be sure you’re confident in the condition of the house before taking this action.
Similarly, if you’re working with Homie Loans, they can get you basically most of the way through underwriting (called pre-underwriting), shortening the length of time needed to close order to compete with an all-cash offer that an likely close quickly.
#5. Woo the seller
There are two main strategies here: 1) find out what the seller’s motivations are and 2) let them know YOUR motivations. Perhaps the seller is in a pinch and needs to move quickly. Having this intel means you can structure your offer to suit their needs (in this case, to close quickly). Always ask: “why are you selling?”
Likewise, let them know YOUR motivations. Perhaps they’ll be more inspired by a first-time homebuyer looking to start a family in the neighborhood where they spent their own childhood versus a real estate investor looking to flip their home in 60-days. Include a letter of intent with your offer —you never know!
#6. Go where they can’t
There are few scenarios in which all-cash investors don’t have the upper hand, but purchasing a foreclosure that was backed by a government agency like the VA, USDA, FHA, etc. can mean having first dibs before investors. These agencies often give preference to families and individuals who will be using the home as a primary residence and even have restriction periods where investors must wait to submit their offers.
Check their websites for lists of available foreclosures and watch the bid dates so you can beat others to the punch.
#7. Pull out all the stops
When all else fails (or when you love the house so much that you can’t stand to possibly miss out), you may need to gather some cash and compete apples-to-apples. It’s not uncommon to see first-time homebuyers’ parents refinancing or taking out another mortgage on their already-paid-for-home in order to give their kids the cash they need to compete.
Similarly, first-time homebuyers are also borrowing money from their parents to offer a larger down payment or escrow deposit. If you’re able to get your hands on a lump sum of cash, be sure to submit a “Proof of Funds” letter with your offer to indicate you really do have the buying power you’re suggesting.
You’ve got this. Homie’s got your back.
Whether you’re trying to win against an all-cash investor offer, or you’ve found yourself in a multiple-offer situation (or you just really, really want the house), talk to your Homie agent about ways you might be able to make your offer as desirable as possible. Sometimes your Homie agent can chat with the owner’s agent and get the inside story of what might make the difference for a particular owner. And the fact that Homie provides a buyer refund of up to $5,000 of any allowable BAC, means you can make your deal even sweeter.
It’s time to let Homie help you get off the homebuyer rollercoaster of despair. For more tips on buying with Homie, download our buyer toolkit.
* Homie Loans (NMLS # 1016597) and Homie have a business relationship in that both are owned by the same persons.
Annual Percentage Rate (APR) calculations assume a purchase transaction of a single-family, detached, owner-occupied primary residence; a loan-to-value ratio of less than80%; a minimum FICO score of 740; a Loan Term of 180 months; and a loan amount of $225,000 for conforming loans.
Rates may be higher for loan amounts under $225,000.
Closing Costs assume that borrower will escrow monthly property tax and insurance payments.
Subject to underwriter approval; not all applicants will be approved.
Payments do not include taxes and insurance.
Mortgage insurance is not included in the payment quoted. Mortgage insurance will be required for all FHA and USDA loans as well as conventional loans where the loan to value is greater than 80%.
Hey Phoenix, your days of paying crazy real estate commissions are over. Starting January, 2018, you can buy or list your home using Homie. Homie, the new-way real estate brokerage, isn’t business as usual. In fact, there are some pretty amazing differences between the new way and the old way of buying and selling a home.
Why we started Homie
Buyers used to spend Sunday afternoons driving around town to see houses with their real estate agents, but not anymore. For years, online giants like Zillow have dished up the details on any home for sale giving buyers all the info they need to narrow their search. Most buyers now browse homes online, select the listings they’re interested in, and then call the agent to tour them. And sellers? Sellers are wondering why they’re still paying traditional 6% agent commissions. Doesn’t technology do a lot of work?
We wondered the same thing. Why do people still go through the same old 1950’s real estate process? Modern consumers use Turbotax to navigate 20,000 pages of tax code. They use apps to plan vacations and guide careers. It was time to offer tech-friendly customers a new approach to buying and selling.
Homie offers a new way to buy and sell
At Homie, we help modern, self-sufficient people buy and sell homes as simply and affordably as possible. The traditional way of having an agent hold your hand from start to finish is great for consumers who don’t have a Google or Facebook account, but for those who can set up an online profile and click through some online pics, Homie is here. Here’s what can you expect when you choose to buy or sell with Homie.
We leverage technology
Our tech automates much of the work that used to take up an agent’s time. Instead of driving buyers around or walking from house to house handing out flyers to neighbors, Homie agents use technology to help our buyers:
Find the right home
Close without a hitch
And to help our sellers:
Go live (on homie.com and other real estate sites)
Close the deal
Sellers pay a fraction of traditional listing costs
Homie sellers don’t pay 6% commissions, not even close. To list, sellers pay a $199 setup fee and a flat fee of $1,299 at close. That’s the same whether they’re selling a $199,000 condo in Surprise or a $10,000,000 mansion in Scottsdale (or anything in between). And it doesn’t cost extra to list the property on the multiple listing service (MLS).
Buyers create stronger offers
Homie buyers get all the services they’ve come to expect, plus some pretty amazing Homie-only perks. For example, any buyer knows sellers prefer offers that don’t ask for closing costs, but sometimes it’s hard to come up with those closing costs. Homie can help. Homie offers a buyer agent refund of up to $5,000 for closing costs on most MLS listings. That way, our buyers don’t have to ask sellers to help cover these costs, which makes their offers stronger. And, if our buyers make an offer listed by a Homie seller, they’re eligible for our Homie-2-Homie deal.
Our chosen ones find us
Homie clients know a good deal when they hear it, so they come to us. This eliminates the time and money spent hunting for new clients and lets us spend 100% of our time helping our Homies. And that means we can charge less. A lot less. Oh, and Homie agents assist with 30+ transactions a month, not 1-2 a year, so they’re good at what they do.
We work as a team
When you sign up with Homie, you get an entire team to help you with experts in different areas. Our specialized team approach allows us to streamline the process and cut even more customer costs.
Cash, meet pocket
We did all this is to reduce how much our Homies pay to sell a home. Just how much can you save? That depends on the home, but we can tell you that our streamlined tech-friendly approach saved Homie customers over $12,000,000 last year, an average savings of over $10,000 per seller.
The future is here
We expect our Phoenix Homies will be just as happy to use the new way to buy and sell homes as our Utah Homies are. Will Phoenix be just as hot as Utah… or even hotter?
What started out as a place called Draperville with more cows than people has grown into one of the most populated cities in Utah. With condos, apartments and starter homes, as well as immaculate multi-million dollar houses overlooking the valley, there’s something for everyone, even you. We know how picky you are when you’re choosing your dream home.
You Can’t Take The Country Out Of The City
The main street through the city, 123rd South, has restaurants of every type and any business you can think of, but just a few blocks away you’ll find open land with horses, deer and llama… yes, you read that right, you could live next to a llama. If the farm life doesn’t float your boat, you’ll also find parks, hiking trails, an amphitheater which hosts concerts and events, and a community garden. Need to get out of town or commute to work? You’re covered with Trax and Frontrunner stations.
Draper is only 20 miles south of Salt Lake City and just around the corner from Lehi, but really, there’s so much to do in Draper, you never need to go far. Break a sweat with a wide range of hiking and biking trails. If you aren’t afraid of heights, Steep Mountain Park is the place to go for hang gliding, paragliding, and watching the sunset over the valley. Hate being outdoors? Weird, but ok, you have options too! Go to the Cinemark and check out the latest Star Wars movie, because there will be a new one every year for the rest of your life… you know it’s true. You can also check out The Living Planet Aquarium, Airborne Trampoline Park, Alcatraz Escape Games, Cowabunga Bay Water Park and shopping, soooo much shopping.
So when you see a home in Draper pop up on Homie.com, snatch it up before someone else does, unless you really don’t like fun.
Catch the eye of potential buyers from the first drive-by when you spruce up the outside. These 10 tips will help you enhance your curb appeal–and sell your house faster–in the cold winter months.
1. Cheer up the front door
Experts agree–nothing catches the eye faster than a pretty front door. Consider painting yours a bright, inviting color that complements your house or by sprucing up the door area with a large, evergreen wreath or other decorative adornment.
Christina Hoffmann, content manager for HouseLogic.com, . “The one thing [a new homebuyer] is going to notice right away is if the front door looks fresh or sad,” she says. “That is literally the first thing they look at–people will then decide if they want to go in there. They’re really going to notice the front door and the porch and [get] that sense of welcoming.”
2. Keep your house well-maintained
Keeping up with basic maintenance tasks such as painting or replacing your shutters; cleaning or pressure washing your siding, sidewalks, and driveway; replacing burned-out bulbs; and cleaning out your gutters are easy ways to show potential homebuyers that your house is well-loved.
“Buyers immediately notice when doors aren’t painted [or] lights are falling off–and a roof in poor condition is a huge eyesore on a $500,000 home. Drastically improve your curb appeal by fixing the things that have been neglected the last ten years for the cost of a few hundred dollars. You [may] see it as a minor [detail, but] the buyer sees a big sign that says ‘needs work’ as soon as they pull up,” Mackay Barr, of Timberline Inspections, LLC, a home inspection company in Birmingham, Alabama, says.
3. Tidy up the landscaping
Beyond raking up the last of the fall leaves (though that’s good, too), consider other ways you can make your yard stand out in cold winter months. Pull weeds, trim back bushes and dead plants, and add mulch around trees and other garden beds for a fresh look. Hoffman also suggests adding pinecones on top of mulch around any trees to add a seasonal flair and that extra little something that really makes your yard stand out.
4. Clear a path
You might think that soft, fluffy stuff falling from the sky is beautifully framing your house in a dreamy snow globe scene. While that may be true–it can also be treacherous for potential home buyers trudging through inches of it to get a good look at your house. Make sure you’ve cleared and salted your driveways and walkways and that you’re keeping up on it as the day–and snow–progresses.
5. Add color pops
In addition to making sure your front door stands out, consider other areas of your home that could use a colorful touch-up. Think about your window sills, shutters, railings, and other features. “It’s eye-catching and can brighten up even the grumpiest winter day. You can also paint the fence while you’re at it–just don’t go overboard with the color combinations,” says Deemer Cass, landscape designer with Fantastic Gardeners.
6. Focus on lighting
Rhianna Miller, home and garden expert with Rubber Mulch, says homeowners should “consider adding outdoor lighting that will add interest and warmth to your home during the cold winter months. The outside of your home may look dreary and dark during January, but updated wall mount lighting and hanging lanterns will give your home a warm glow.”
In addition, consider wrapping some white holiday lights around trees, in branches, or along the fence line. Cass also suggests installing outdoor lighting along the driveway, on the patio, or even on the facade to offer a soft glow to your house during those cold winter nights.
7. Update your house numbers and mailbox
Hoffman suggests upgrading your house numbers to some that are more distinctive and/or larger to complement your house exterior, light fixtures, or house color. You can also upgrade your mailbox to something more colorful, updated, or sturdier–all of these little elements can really make your house stand out from the crowd and look well-loved.
8. Think green–evergreen
Even though most trees are bare and no flowers are blooming at this time of year, there are some evergreen trees and bushes and other hardy plants that can help spruce up your yard and make your house look more homey.
“There are plants that will bloom in the winter and add color [such as] blue holly, winter hazel, or calendula. Or add color [in] planters with evergreens or other plants, like [ornamental] cabbage (look for annuals and evergreens). You can add lights to those too. Winter bloomers are a really good idea,” Hoffman says.
9. Add other decorative elements
Other items to consider adding to the outside of your home include wreaths, flags, benches, doormats, or metal wall decor. “If your home has a covered porch or entry area, keep out Adirondack chairs, a bench, or other seating and dress them up with a cozy throw and outdoor pillows with plaid or winter designs. Add some outdoor lanterns to give the space ambiance and a feeling of warmth,” Miller says. “Accessories such as a pair of ice skates, an old fashioned winter sled, and a basket of logs will complete the cozy look. These gestures are easily the most important to your overall curb appeal and can make all the difference.”
10. Consider hardscaping and sculpture
Whereas landscaping focuses on the softer elements of your yard–the lawn, bushes, flowers, and other garden elements, hardscaping refers to the harder materials that make your yard stand out, like sidewalks, driveways, retaining walls, and other stone or cement paths. While the weather may not be conducive to pouring a new concrete patio, you could add a birdbath, fountains, a large garden stone, or another tasteful sculptural piece.
Whether you’re thinking about selling your home or buying a new home, take a week this January to clear your clutter. Why? It will save you time, energy, and money when you sell or move. You won’t have to spend your time packing things and paying to move things that you no longer even want. Not to mention, a clean clear home is an invitation to any buyer to picture their own stuff inside.
Put it in your calendar
You might not look forward to clutter clearing like you look forward to a spa day, but if you can get in your calendar, the likelihood of you actually doing it goes way up. Small projects can be done in 1–2 hours, medium-size projects need 2–4 hours, and large projects take a full day or a weekend.
Choose a small starter project
Small projects (1–2 hrs)
Medium projects (2–4 hrs)
Large projects (full day)
Start with a small project your first day and use The ART of Letting Go e-book, a simple process for releasing unwanted items that are difficult to organize. The ART of letting go, by Clear & Simple organizer Marla Dee, will give you tested tools to help you move through small, medium, and large projects, as well as a list of favorite resources. For more help, consider The ART of Letting Go e-course.
Set up an organizing staging area
Set up a staging area in each room by clearing other items out of that area. This lets you start each project with a clean, open area. And that makes the whole process emotionally lighter and easier.
Not everything is meant for the trash. Some items have lasting value, even if you no longer need them in your life. Choose an agency you care about and want to support. This will make letting go easier. In fact, we encourage you to sort into three piles: trash, recycle, and donate).
Get together with friends or family, put on music, get in comfy clothes, have snacks handy. It can be fun and freeing to let it all go (figuratively speaking, of course).
Hush your inner perfectionist
Be realistic and let go of perfection. If you clear even one layer of your clutter you will still have less to deal with. You will find that once you get started you will be inspired to do another area.
Get help for the hard stuff
We all have things that are “loaded” for us. It could be your dad’s book collection, your mother’s china collection, or your grown children’s things. Get neutral or professional help for the loaded areas. Don’t try to tackle these on your own. Marla Dee, a professional organizer for over 18 years, says that clients always think they will have more time later to deal with their clutter. “If I could just take a month (or year) off the rest of life I could deal with this clutter.” That time never comes.
Ready, set, start. And know that everything you clear before you move is saving you time, energy, and money during and after your move. And chances are good that a clear, organized space will bring a higher offer than a cluttered, messy one.
You’re about to list your home and need to figure out how much you’re going to pay in fees. You calculate your equity by looking up your current mortgage payoff amount and subtracting it from the estimated sale price of your home. Ok. So far so good. But how much will it actually cost you in fees and commissions? What’s your actual take-away? That can fluctuate more than you’d think, depending upon how you list your home and which offer you accept. Introducing the Homie-2-Homie Deal.
The Homie-2-Homie Deal
This deal is only available to Homie Sellers who accept an offer from a Homie Buyer. It’s our way of helping our Homies save thousands more (while we shake up the entire real estate industry). Think of it as savings for smart people. Here’s how it works, when you list as a Homie seller, you pay Homie a $199 setup fee and a $1,299 processing fee at closing, that’s a total of $1,498. That’s all you pay for Homie’s seller services, no matter who the buyer is. If you accept an offer from a non–Homie buyer, you will also pay whatever amount of buyer agent commission you specified when you set up your listing on the Multiple Listing Service (MLS). So if you agreed in your MLS listing to pay a 3% buyer agent commission on your $400,000 property, you will pay non-Homie buyers’ agents $12,000 in buyer agent commissions.
But, and this is the good part, if you choose to accept an offer from a buyer who uses Homie to make the offer, you save that buyer agent commission ($12,000) and instead pay only a buyer transaction fee of $1,499 in addition to your listing fee. You do not pay the full BAC listed on the MLS. That’s another $10,500 on a $400,000 listing that stays in your pocket. The buyer gets all the help they need from Homie’s attorneys and agents, and you get a steal of a deal.
The Homie-2-Homie Difference
Let’s look at a couple of scenarios. Here’s what you can expect to pay as a seller of a $400,000 home.
Seller Fees and Commissions
Buyer Fees and Commissions
Total in Fees and Commissions
Traditional 6% Commission
Homie Seller + Non-Homie Buyer
Homie Seller + Homie Buyer (Homie-2-Homie Deal)
Why would Homie give up all that money in buyer agent commissions? It’s our way of doing business, The New Way, and we hope you’ll help us spread the word that there’s a smart alternative to paying 6% of your equity in real estate agent commissions. Sign up to sell with Homie today and get ready to save on average $10,000 when you use Homie.
BTW, $10,000 can pay for a pretty sweet family vacation. Just sayin’.
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