We’ll work with you to get an offer that is market value for your home — and guarantee it. That’s the price we’ll pay you for your current home as soon as you’re ready to move into your new home.
Step 2. Make a strong offer on your new home
Make selling your home revolve around your timeline. Once you’ve found the home of your dreams, you’ll be ready to make an offer with no lending or home sale contingency. This means you’re more likely to close and can do so on your own timeline.
Step 3. Move in on your schedule
Moving smoothly with flexbility is like having your cake and eating it too.. Once your offer is accepted, everything comes together in days, not months. We buy your home at the guaranteed price so you get the cash to close on your dream home and control when you move.
Step 4. Get full market value when your home sells
Simple made possible with teamwork. Our trusted partner HomeLight is well known and trustworthy. You'll work with us to list your past home while HomeLight handles the rest. If your home sells for more than the price HomeLight paid for it, we give you the additional cash minus selling costs and program fees.
OVERVIEW
To use HomeLight Trade-In, your property must fit the following criteria:
• Single-family home, townhome, or condo
• Non-rural
• Primary residence
• Valued between $200,000-$2,000,000
• Between 1,000-7,500 square feet
• Has not been listed or sold in the last 120 days
How is the listing price determined?
We work with your agent to determine the appropriate listing price based on market comps and the
home inspection. We want to list the property at a price that will attract the most buyers and get you the
most money for your home. Additionally, we never want the property to sit on the market for more than
30 days, ensuring that your fee is as low as possible.
Who decides whether an offer is accepted or rejected?
Though HomeLight will own your home at the time of listing, you will be consulted on any offers
received. If, however, the home has not sold after 45 days of HomeLight owning the property, we reserve
the right to act as the sole decision maker on accepting an offer.
What if my home sells for less than the price HomeLight paid?
Regardless of the home’s final sale price, HomeLight’s purchase price is the minimum amount you’ll
receive at the end of the transaction. If for any reason the home sells for a lower price than what we paid,
we absorb the loss.
How is the fee calculated?
Our fees are calculated off of the final selling price of your current home. The percentage charged
depends on the number of days we own the home, as outlined in the previous FAQ. The day we close on
the purchase of your current home is counted as day one.
How do closing costs work?
Closing costs work like they would for any other real estate transaction. When you sell your property
to HomeLight you may incur closing costs such as settlement fees, title insurance policy, and other
closing costs specific to your area. HomeLight also incurs its own set of closing costs both when we
purchase your property from you and sell it on the open market. The fee that HomeLight charges covers
any closing costs that we incur, we do not double charge you for our closing costs. The only exception is
if there are city mandated transfer taxes where your property is located. As city transfer taxes can vary
greatly, we pass this cost through to you rather than incorporating it into our fee structure. This ensures
we can keep our fee as low as possible for all of our clients.
Do I have to work with a HomeLight agent?
HomeLight Trade-In is available to clients who are working with a HomeLight Trade-In certified agent.