How an Idaho Couple Purchased Earlier than They Offered

Sometimes, we hear from clients who’re over the moon about their homebuying and/or promoting expertise with Homie. We’ve dubbed them our Completely happy Homies. We deliver 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 house, 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 house, their daughter needed to act swiftly, purchase it sight unseen, and make a proposal above the asking worth. Reta and Rod didn’t need to undergo an analogous scenario and get caught shopping for a house too shortly. In addition they didn’t need to promote their house 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 an area Boise agent, Abby inside an hour. Reta defined that they’d discovered a home they beloved, however that they didn’t assume 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 successful their dream house by submitting a money provide after which listed their house on the market after shifting into their newly gained house. All went easily and after they closed on their new house, Reta and Rod offered their outdated house simply for a pleasant chunk of change.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 means to purchase and promote properties.”

Let’s Break Down the Numbers

Purchaser Transaction Vendor Transaction
Buy worth of recent house: $550,000 Promoting worth of present house: $675,000
Down fee: $350,000 Time in the marketplace: 6 days
Month-to-month fee: $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 means**: $16,000

Simplifying Actual Property

Peace of Thoughts
“We might not have achieved the transfer if we couldn’t have achieved it that means. We had been too afraid of being caught with no new home.” 

After discovering the one, Reta and Rod obtained in touch with their Homie Agent. That very same night time they toured their dream house and made the successful provide within the driveway. Their provide 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 properties 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 had 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 may 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 prepared to barter on the commissions. Different brokers wouldn’t budge. We felt that realtors ought to be extra versatile in keeping with the market. You guys simply made sense. I assumed lastly, an actual property firm that may work with the shopper.” 

Able to get forward in as we speak’s market?

Get Pre-Accredited to Purchase Earlier than You Promote and purchase with confidence as we speak, 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 primarily based on distinction between 2.5% itemizing agent fee and Homie’s low itemizing charge. Financial savings could range