Platform
How HomeLight Trade-in Works
1. Get a guaranteed offer from HomeLight
Once approved you will receive a guaranteed offer on your current home. That’s the price you will be paid for your current home as soon as you’re ready to move into your new home.
2. Make a winning offer on your new home
When you’ve found the home of your dreams, Hero Real Estate will be ready to write the offer with no lending or home sale contingency. This means you’re more likely to win and can close on your own timeline.
3. Move in on your schedule
Once your offer is accepted, everything comes together in days, not months. Homelight buys your home at the purchase price so you get the cash to close on your dream home and control when you move.
4. Get full market value when we sell your home*
Once you're out of the old house we will fix it up like a shiny penny and sell it. If it sells for more than the guaranteed price YOU get to keep the extra.
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 1.0%-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$625,000
- Actual Sales Price$720,000
- Homelight Guaranteed Price$562,500
- Actual HomeLight Trade-In fee*$(9,375)
- Estimated Homelight Trade-in Fee$(9,375)
- Initial Estimated Closing Costs$(31,000)
- Estimated Seller's Mortgage Balance$255,000
- Actual Closing Costs$40,000
- Initial Proceeds To Seller$267,125
- Second Proceeds To Seller$147,875
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.
Meet Hero Real Estate
Our team at Hero Real Estate always has its eye on the big picture: the achievement of your goals. Whether you’re moving into your first home or moving out of the one you’ve lived in for years, we know that the journey of getting there matters. We aim to instill confidence throughout that journey — confidence in knowing that we have your back from the outset and confidence that we’re taking expert care of every aspect of your transaction.
Leading our team is Donny Piwowarski, whose mission is for us to be the heroes in your real estate experience. That’s because heroes aren’t ambiguous; they’re trustworthy, dependable, and strong. They help transform uncertainty into certainty, and anxiety into assurance. We strive to instill a sense of security and harmony into every step and every phase of each transaction. In the end, your focus shouldn’t be the relief that it’s finally over, but the jubilation of your success.
Whatever your reason for connecting with a realty, it’s always personal, but the process should never be impersonal. We certainly aren’t, and when you work with us, you’ll see firsthand how real estate agents can be heroes too.
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