How an Idaho Couple Purchased Earlier than They Offered

Occasionally, we hear from prospects who’re over the moon about their homebuying and/or promoting expertise with Homie. We’ve dubbed them our Glad Homies. We carry you their tales in hopes of inspiring all in the direction of homeownership. 

Meet Reta and Rod

Location: Boise, ID
Age: Mid 60’s
Marital Standing: Married
Kids: One (lives individually)
Annual Revenue: $100,000

Reta and her husband Rod had been able to promote their residence, downsize, and transfer someplace new. Nonetheless, they had been hesitant after witnessing the market challenges their daughter skilled when buying a house in 2021. To win that residence, their daughter needed to act swiftly, purchase it sight unseen, and make a suggestion above the asking value. Reta and Rod didn’t need to undergo an analogous scenario and get caught shopping for a house too rapidly. In addition they didn’t need to promote their residence and tackle the chance of being unable to discover a new one to stay in.   

That’s when Reta heard about Homie on the radio. She quickly reached out to us and was related to a neighborhood Boise agent, Abby inside an hour. Reta defined that that they had discovered a home they liked, however that they didn’t suppose it will final lengthy in the marketplace. In such a aggressive surroundings, they had been afraid the vendor wouldn’t settle for any contingencies.

How They Received

It was exactly then that Reta and Rod had been launched to 2 homebuyer-empowering instruments: Homie Money™ and Purchase Earlier than You Promote. Utilizing each instruments, Reta and Rod elevated their odds of profitable their dream residence by submitting a money supply after which listed their residence on the market after transferring into their newly received residence. All went easily and after they closed on their new residence, Reta and Rod offered their outdated residence simply for a pleasant chunk of change.

“Homie had the proper plan for us. Purchase first utilizing Homie’s Money after which work on promoting. It was quick and simple, plus we saved greater than $17,000 in fee prices. We extremely advocate the Homie method to purchase and promote properties.”

Let’s Break Down the Numbers

Purchaser Transaction Vendor Transaction
Buy value of recent residence: $550,000 Promoting value of present residence: $675,000
Down cost: $350,000 Time in the marketplace: 6 days
Month-to-month cost: $1,230
3.75{1a69c2dbb0db8deebac23b693dece8e96f55e0ac6a56930da79c5e5b7efb9b6f} Curiosity Price, 3.798{1a69c2dbb0db8deebac23b693dece8e96f55e0ac6a56930da79c5e5b7efb9b6f} APR
Fee paid to Homie Agent: $3,500
Purchaser fee given again: $9,000 Vendor financial savings vs. conventional method**: $16,000

Simplifying Actual Property

Peace of Thoughts
“We might not have achieved the transfer if we couldn’t have achieved it that method. We had been too afraid of being caught and not using a new home.” 

After discovering the one, Reta and Rod obtained involved with their Homie Agent. That very same evening they toured their dream residence and made the profitable supply within the driveway. Their supply was accepted the very subsequent day. Homie listed their home per week later and it offered inside 4 hours. 

Financial savings
“We’ve requested brokers to offer us a break on commissions they usually’ve at all times refused. We’ve offered two properties on our personal due to that.”

Reta and Rod paid a low flat payment for promoting with Homie ($3,500), and obtained the rebate on purchaser fee as effectively.

“We had been shocked by that. That’s remarkable.”

In Their Personal Phrases

Extremely advocate it. You don’t need to promote first. You may exit and purchase utilizing Homie Money, then you possibly can flip round and promote your house. It simply relieves all that stress. It makes the method a lot simpler. I additionally appreciated that Homie was prepared to barter on the commissions. Different brokers wouldn’t budge. We felt that realtors needs to be extra versatile based on the market. You guys simply made sense. I believed lastly, an actual property firm that can work with the shopper.” 

Able to get forward in at the moment’s market?

Get Pre-Accredited to Purchase Earlier than You Promote and purchase with confidence at the moment, then promote tomorrow stress-free.

*Homie and Homie Mortgage have a enterprise relationship in that each one are owned by the identical individuals. Authorized Phrases & Insurance policies

** *Financial savings calculations based mostly on distinction between 2.5{1a69c2dbb0db8deebac23b693dece8e96f55e0ac6a56930da79c5e5b7efb9b6f} itemizing agent fee and Homie’s low itemizing payment. Financial savings might range