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 cost breakdown from an actual client.
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