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If you need to sell your current home in order to secure your next one, then Homeward is for you. Homeward lets you take the time you need to find your ideal next home before selling the one you’re in. You'll have a relaxed purchase process and avoid the risk of selling first.
You can give us the information that we need in just a few minutes. Once we have all of your information, we'll get you approved on your timeline to make a winning offer.
First and foremost, you'll be able to make a winning, all-cash offer on your next home without worrying about selling your current home.
There are other important benefits, too:
Cash offers are 3x more likely to be chosen by the seller and win! A Homeward all cash offer doesn't have financing or home sale contingencies, and it closes faster. This makes your bid to the home seller more competitive.
Homeward is backed by large institutional capital providers that give us access to their funds so we can make you an all-cash buyer.
We charge a convenience fee that can be rolled into the purchase price of your new home. To see the convenience fee for your state, visit our pricing page.
Most buyers need to sell their current home and access their home equity in order to buy a new property. Traditional banks won’t give you credit for that home equity until your old home sells. This forces you to sell your old home first, and then buy your new one.
We give you credit for your home equity before you sell your home. We do this by valuing your existing property during our approval process and using our cash to buy your new home before you sell your old one. It’s a new and better way to buy and sell real estate and we’ve created Homeward to drive it forward.
We offer the Homeward service in Texas, Georgia, and Colorado. We plan to launch in additional states soon, and will update this page when we do.
Congratulations! Before you make the offer, let us know the details. We’ll need the property address and offer price so we can approve it. We typically approve offers within 4 hours, and then we’ll contact your agent so they can make the offer to the seller.
In our offer approval process, we ensure your offer amount is below our estimated resale value so we can confidently make an all-cash offer on the property.
You and your agent will negotiate and finalize the offer with the seller.
Once the seller accepts your offer, we can close in 10 business days. This makes your offer more likely to win the home and lets you move in earlier.
Compare this to a traditional mortgage-backed offer, which takes over 30-60 days to close.
We use our cash to buy the home so you don’t have to go through a 30-day mortgage process. Plus, we prepare everything in advance, including appraisals, pricing analysis, and title, so the closing process goes smoothly.
You’ll get possession of your next home as soon as we close on it, then you’ll pay us monthly rent until you get your new mortgage and buy the home back from us.
It depends on what your goals are.
If you want to minimize the cost of owning both homes at once, then we recommend listing your existing home immediately. This reduces the rent payments you’ll make to Homeward.
If you want to maximize your sales price and avoid the hassle of showings, then we recommend moving out of your existing home and then listing it. This lets you move your stuff out, get the home cleaned up, and then your agent can advertise it, show it, and get you a great price.
Finally, if you want to do repairs on your new home before moving in, you may want to get these started before listing your existing home so you have time to complete them.
With Homeward, you can sell your existing home on your timeline.
This is just insurance that guarantees your existing house will sell, no matter what, because we’ll buy it from you at a pre-agree floor price if it doesn’t sell for more. 99% of our customers sell their homes on the market and don't sell to us.
Our pricing analysts base this floor price on publicly available real-estate data, current photos of your home, and an in-home inspection. In most cases, Floor Price Certainty is an option you’ll have if you want it. For some unique homes, however, we’ll be unable to offer it.
Typically 90% of your home’s market value. We also take out the standard 6% agent commission fees.
If we buy your existing home, we'll put it back on the market and sell it. You'll still pay us the standard 6% agent commission, and we'll use the funds to cover any real-estate agent and title fees incurred while reselling the property.
Yes. As part of the Homeward approval process, you'll need a pre-approval from Homeward Mortgage.
However, you can get your mortgage loan through any lender you choose.
Yes. We collect additional information in order to calculate your home equity. Later, we’ll work with your lender so you don’t have to get another mortgage pre-approval.
First, we collect information about your current home so we can calculate your home equity. Most of our customers finance their down payments using the proceeds from the sale of their current home.
Next, we help you get pre-approved for a mortgage if you aren’t already. The mortgage pre-approval process analyzes your current financial situation, including your income, assets, and credit.
You can give us the information we need in just a few minutes and then we'll work with you to get you approved on your timeline.
We collect information about your existing home and we require you to complete a pre-approval with Homeward Mortgage.
The mortgage pre-approval ensures you can get a loan later in the process and buy the home back from us. While we require you to get a Homeward Mortgage pre-approval, you are free to get your loan through whichever lender you prefer.
Our home analyst team conducts a thorough appraisal of your home utilizing publicly available real-estate data. We also send an inspector to make sure we don’t miss anything.
Once we approve you, you’ll be able to make an all-cash offer for the entire amount you’re pre-approved for. Just let us know when you’re ready to make an offer and we’ll review the property and work with your agent to make you a cash buyer!
A low convenience fee plus rent.
Homeward convenience fee: Find your convenience fee at the top of our pricing page. This is paid when you buy your new home back from us.
Rent: You'll accrue rent on your new home until you buy it back from Homeward. This is paid at closing, and is our cost of holding the property. We don't mark it up in any way. To calculate your rent, we'll need details about the home you're looking to buy. Just start an application or give us a call at 512-956-5087.
There are no upfront costs for using Homeward. Your convenience fee and rent will be paid when you repurchase your new home from us.
If you don’t end up requiring Homeward’s cash to close on the purchase, then your convenience fee will be reduced to only 1%.
This isn't common, but it can occur if you sell your home faster than expected and either use your home equity funds, or a new mortgage, to purchase the home.
The closing costs you pay in a Homeward transaction are the same as in a traditional home purchase transaction. Homeward covers any duplicate closing costs.
There are two transactions involved: Homeward pays cash for the property and then you buy the property from Homeward. That said, Homeward covers the burden of duplicate costs so that you don’t have to.
Our rental rate covers our costs to hold the property until you buy it back from us. We never mark this up, and it's prorated daily so you only pay for the exact days we hold the property for you.
No, there is no markup, but you will need to pay your Homeward convenience fee and all rent payments when you repurchase the home from us.
No. Homeward only charges a convenience fee paid at closing and any daily prorated rental payments that incur while you rent your next home from Homeward.
When you buy the home back from Homeward.
We give your contingent buyers the ability to make an all-cash offer on the home they want so they can secure it before taking the leap of listing their existing home.
Homeowners that need to sell their existing home in order to finance the purchase of their next home but don’t want to list without knowing where they’re going next.
Yes, Homeward doesn’t change your client relationship.
Homeward will keep the earnest money, buyer agent commission, and any amount of the additional deposit needed to cover our costs of reselling the home. The customer will also owe rent for all days Homeward owned the property until the date they moved out and a termination fee in the amount of their contracted Convenience Fee.
Buyers pay a convenience fee and, in some cases, can roll it into their offer through seller-paid closing costs. To see the convenience fee for your state, visit our pricing page.
You get paid the full buyer's agent commission when your client repurchases the home from Homeward. If they do not repurchase it, Homeward keeps this commission to cover our resale costs.
You get paid the full listing commission when you sell their existing home to a third-party buyer. If we need to buy the home for our floor price, you receive 1% commission and Homeward keeps 2% to cover our resale costs.
If the buyer doesn't end up requiring Homeward's funds to purchase the home, our convenience fee will be reduced to only 1%.
This isn't common, but it does occur when the buyer sells their home faster than expected and either uses their home equity funds, or a new mortgage, to purchase the home.
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