How an Idaho Couple Purchased Earlier than They Offered

Once in a while, we hear from prospects who’re over the moon about their homebuying and/or promoting expertise with Homie. We’ve dubbed them our Joyful Homies. We deliver you their tales in hopes of inspiring all in 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. Nevertheless, 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 the same scenario and get caught shopping for a house too shortly. Additionally they didn’t need to promote their residence and tackle the danger 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 linked to a neighborhood Boise agent, Abby inside an hour. Reta defined that they’d discovered a home they beloved, however that they didn’t assume it might final lengthy available on the market. In such a aggressive atmosphere, 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 provide after which listed their residence on the market after transferring into their newly gained residence. All went easily and after they closed on their new residence, Reta and Rod bought their outdated residence simply for a pleasant chunk of change.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 suggest the Homie manner 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 available on the market: 6 days
Month-to-month cost: $1,230
3.75% Curiosity Charge, 3.798% APR
Fee paid to Homie Agent: $3,500
Purchaser fee given again: $9,000 Vendor financial savings vs. conventional manner**: $16,000

Simplifying Actual Property

Peace of Thoughts
“We’d not have achieved the transfer if we couldn’t have achieved it that manner. We had been too terrified 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 night time they toured their dream residence and made the profitable provide within the driveway. Their provide was accepted the very subsequent day. Homie listed their home every week later and it bought 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 bought 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 properly.

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

In Their Personal Phrases

Extremely suggest it. You don’t should promote first. You’ll be able to exit and purchase utilizing Homie Money, then you possibly can flip round and promote your property. 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 accordance with 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 immediately’s market?

Get Pre-Authorised to Purchase Earlier than You Promote and purchase with confidence immediately, then promote tomorrow stress-free.

*Homie and Homie Mortgage have a enterprise relationship in that every 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 payment. Financial savings could fluctuate

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