September 26, 2023

Improve Our Home

How an Idaho Couple Purchased Earlier than They Offered

4 min read

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 happy Homies. We carry 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
Youngsters: One (lives individually)
Annual Earnings: $100,000

Reta and her husband Rod have been able to promote their house, 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 house, their daughter needed to act swiftly, purchase it sight unseen, and make a proposal above the asking worth. Reta and Rod didn’t wish to undergo the same scenario and get caught shopping for a house too rapidly. Additionally they didn’t wish to promote their house and tackle the danger 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 related to an area Boise agent, Abby inside an hour. Reta defined that they’d discovered a home they liked, however that they didn’t assume it could final lengthy available on the market. In such a aggressive surroundings, 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 profitable 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 bought their previous 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 simple, plus we saved greater than $17,000 in fee prices. We extremely advocate the Homie manner 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 cost: $350,000 Time available on the market: 6 days
Month-to-month cost: $1,230
3.75{386e08ceb723f810e95c3f5b250a4516ccc5ffc0970ec97e025050ac2f457f0a} Curiosity Price, 3.798{386e08ceb723f810e95c3f5b250a4516ccc5ffc0970ec97e025050ac2f457f0a} 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 might not have completed the transfer if we couldn’t have completed it that manner. We have been too petrified of being caught and not using a new home.” 

After discovering the one, Reta and Rod acquired in touch with their Homie Agent. That very same night time they toured their dream house 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 offer 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 charge for promoting with Homie ($3,500), and acquired the rebate on purchaser fee as properly.

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

In Their Personal Phrases

Extremely advocate it. You don’t need to promote first. You possibly can exit and purchase utilizing Homie Money, then you’ll be able to 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 keen to barter on the commissions. Different brokers wouldn’t budge. We felt that realtors ought to be extra versatile in response to the market. You guys simply made sense. I assumed lastly, an actual property firm that can work with the shopper.” 

Able to get forward in at this time’s market?

Get Pre-Authorised to Purchase Earlier than You Promote and purchase with confidence at this time, 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{386e08ceb723f810e95c3f5b250a4516ccc5ffc0970ec97e025050ac2f457f0a} itemizing agent fee and Homie’s low itemizing charge. Financial savings might fluctuate

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