How an Idaho Couple Purchased Earlier than They Bought

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

Reta and her husband Rod have been able to promote their residence, downsize, and transfer someplace new. Nevertheless, they have 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 proposal above the asking value. Reta and Rod didn’t wish to undergo an identical scenario and get caught shopping for a house too rapidly. In addition they didn’t wish to promote their residence and tackle the danger of being unable to discover a new one to reside 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 that they had discovered a home they beloved, however that they didn’t suppose it could final lengthy in the marketplace. In such a aggressive atmosphere, 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 residence by submitting a money supply 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 All went easily and after they closed on their new residence, Reta and Rod bought their outdated residence simply for a pleasant chunk of change.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 right 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 suggest the Homie means 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% Curiosity Price, 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’d not have executed the transfer if we couldn’t have executed it that means. We have been too frightened of being caught with out a new home.” 

Velocity
After discovering the one, Reta and Rod acquired involved with their Homie Agent. That very same night time they toured their dream residence and made the successful supply within the driveway. Their supply was accepted the very subsequent day. Homie listed their home per week later and it bought inside 4 hours. 

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

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

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

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’ll be able to flip round and promote your private 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 line with the market. You guys simply made sense. I assumed lastly, an actual property firm that can work with the client.” 

Able to get forward in in the present day’s market?

Get Pre-Authorised to Purchase Earlier than You Promote and purchase with confidence in the present day, 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 price. Financial savings could range