What This Means for You
- No showings while you live in the house
- No cleaning, decluttering, staging, organizing, getting the kids to make their bed
- No painting or upgrading floors while you are still living in the home
- No need to move twice or coordinate a rent-back from your buyer
- You are able to write an offer NOT contingent on the sale of your house (possibly saving you money on how much you have to offer)
- Selling a staged, updated, easy-to-access vacant home will likely net you more $$$
- Keep your equity! No low-ball offers! If I sell your house for more than what HomeLight bought it for, you get a second check!
What It Costs
Pricing could not be simpler. In addition to paying typical Real Estate commissions, closing costs, and repair expenses, there is a fee that typically runs about 1.5% of the home you are selling.
We find that most clients will recoup some or all of this fee by being able to make a stronger non-contingent offer on a new home AND getting top dollar for the existing home being vacant and all cleaned up. Below is a cost breakdown from an actual client.
Market Valuation $ 500,000
Homelight Guaranteed Price $ 450,000
HomeLight Trade-In Fee – 1.50%: $7,500
Estimated Commission, Closing, (Optional) Repair/Upgrades/Staging Costs: $38,000
Loan Payoff: $300,000
Estimated Equity for New Home: $104,500
Actual Sales Price: $525,000
Actual HomeLight Trade-In Fee: $7,875
Actual Commission, Closing, Repair Costs: $39,500
Additional Proceeds After Sale: $73,125
Total Equity Received from Sale: $177,625
Who is Homelight
HomeLight is a venture backed Real Estate technology firm based in San Francisco. Its mission is to empower people to make smarter decisions during one of life’s most important moments: buying or selling their home. It does so by leveraging technology to identify the BEST Real Estate agents in the area and connect them with buyers and sellers. Through Homelight’s lending arm it has also created innovative products to take the pain and uncertainty out of the home buying process.
You can learn more about HomeLight here.
Let us know your name and contact info and we will reach out and explain the process in detail so you can choose whether or not to be qualified and get your guaranteed price. Or you can call us now (916) 461-7373.