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, Eastside West 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. You get the cash to close on your dream home and control when you move.
4. Keep all the upside
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 1.5% 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 typical cost breakdown for a Homelight Trade-in.
Market Valuation $ 800,000
Homelight Guaranteed Price $ 720,000
Estimated Homelight Trade-in Fee $ (12,000)
Estimated Commissions, Closing, and Repair Costs $ (88,000)
Estimated Loan Payoff $ (343,000)
Equity for new home purchase $ 277,000
Actual Sales Price $ 830,000
Actual HomeLight Trade-In fee* $ (12,450)
Actual Commissions, Closing, and Repair Costs $ (72,210)
Additional proceeds after market sale $ 97,550
Total equity received from sale $ 374,550
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.
Who is Eastside West?
We’re real estate matchmakers, and by leveraging our hyperlocal market knowledge, property expertise, and top-of-the-line tech, we empower you with the right advice to make informed decisions. Eastside West is dedicated to refining the buying and selling process in the Bay Area. We’re curious, collaborative, and strategic, and our clients know they can trust us to give honest guidance and be the fiercest advocate for their best interests.
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 (510) 220-5468