You won't pay until you close and you may be able to negotiate a discount using your Homeward all-cash offer. Our customers, on average, save over 2% off list price.
You'll pay standard closing costs just as you would in any traditional home purchase and we’ll cover any duplicate fees that occur when you repurchase the house from us.
2-3% plus the daily prorated rent while you rent your next home from Homeward
Most of our customers choose to roll our fee into their offer, but you can also choose to use your home equity to pay the fee after you sell your house.
If you don’t end up requiring Homeward’s cash to close on the purchase, then our fee will be reduced to 1%.
The closing costs you pay in a Homeward transaction are the same as in a traditional home purchase transaction.
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 is a complete pass through that covers some of our costs to hold the property until you buy it back from us. It is prorated daily so you only pay for the exact days you possess the property before closing on your mortgage.
Other than the 2-3% fee, there is no price increase.
We sell the home back to you at the same price we purchased it for in the purchase agreement and you have the option to roll our fee into your purchase price. If you do this, then your second contract when you purchase the home back from us, would be 2-3% higher.
No. Homeward only charges a 2-3% fee paid at closing and any daily prorated rental payments that incur while you rent your next home from Homeward.
Get started for free to find out how much Homeward would cost to help you buy before you sell