How an Idaho Couple Purchased Earlier than They Bought

Every now and then, we hear from prospects who’re over the moon about their homebuying and/or promoting expertise with Homie. We’ve dubbed them our Completely satisfied 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 Earnings: $100,000

Reta and her husband Rod have been able to promote their dwelling, downsize, and transfer someplace new. Nonetheless, they have been hesitant after witnessing the market challenges their daughter skilled when buying a house in 2021. To win that dwelling, 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 dwelling and tackle the chance of being unable to discover a new one to dwell in.   

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

How They Gained

It was exactly then that Reta and Rod have 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 successful their dream dwelling by submitting a money supply after which listed their dwelling on the market after transferring into their newly received dwelling. All went easily and after they closed on their new dwelling, Reta and Rod offered their previous dwelling 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 straightforward, plus we saved greater than $17,000 in fee prices. We extremely advocate the Homie approach to purchase and promote houses.”

Let’s Break Down the Numbers

Purchaser Transaction Vendor Transaction
Buy value of latest dwelling: $550,000 Promoting value of present dwelling: $675,000
Down cost: $350,000 Time available on the market: 6 days
Month-to-month cost: $1,230
3.75% Curiosity Fee, 3.798% APR
Fee paid to Homie Agent: $3,500
Purchaser fee given again: $9,000 Vendor financial savings vs. conventional approach**: $16,000

Simplifying Actual Property

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

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

Financial savings
“We’ve requested brokers to provide us a break on commissions and so they’ve at all times refused. We’ve offered two houses on our personal due to that.”

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

“We have been shocked by that. That’s unprecedented.”

In Their Personal Phrases

Extremely advocate it. You don’t need to promote first. You may exit and purchase utilizing Homie Money, then you’ll be able to flip round and promote your own home. It simply relieves all that stress. It makes the method a lot simpler. I additionally appreciated that Homie was keen to barter on the commissions. Different brokers wouldn’t budge. We felt that realtors must be extra versatile in line with the market. You guys simply made sense. I assumed lastly, an actual property firm that may work with the client.” 

Able to get forward in right this moment’s market?

Get Pre-Authorized to Purchase Earlier than You Promote and purchase with confidence right this 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% itemizing agent fee and Homie’s low itemizing charge. Financial savings could differ