How an Idaho Couple Purchased Earlier than They Bought

Now and again, we hear from clients who’re over the moon about their homebuying and/or promoting expertise with Homie. We’ve dubbed them our Pleased 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 dwelling, 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 dwelling, 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 state of affairs and get caught shopping for a house too shortly. In addition they didn’t wish 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 an area Boise agent, Abby inside an hour. Reta defined that that they had discovered a home they beloved, however that they didn’t assume it will final lengthy in the marketplace. In such a aggressive setting, 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 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 All went easily and after they closed on their new dwelling, Reta and Rod offered their outdated dwelling simply for a pleasant chunk of change.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 simple, plus we saved greater than $17,000 in fee prices. We extremely advocate the Homie manner to purchase and promote houses.”

Let’s Break Down the Numbers

Purchaser Transaction	Vendor Transaction
Buy worth of latest dwelling: $550,000	Promoting worth of present dwelling: $675,000
Down cost: $350,000	Time in the marketplace: 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 performed the transfer if we couldn’t have performed it that manner. We had been too scared of being caught with no new home.” 

Pace
After discovering the one, Reta and Rod bought involved with their Homie Agent. That very same night time they toured their dream dwelling and made the profitable 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 offer us a break on commissions and so they’ve all the time 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 bought the rebate on purchaser fee as effectively.

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

In Their Personal Phrases

“Extremely advocate it. You don’t should promote first. You possibly can exit and purchase utilizing Homie Money, then you may 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 prepared 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 may work with the client.” 

*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 might range