AUSTIN, TEXAS (STL.News) – Homeward today announced it has officially launched in Houston, Texas after a promising beta period. The company’s innovative business model enables customers to make all-cash offers to secure their next home prior to selling their existing home.
“We’re excited to be helping Houston homeowners take the stress and uncertainty out of their home buying and selling experience,” said Tim Heyl, founder and CEO at Homeward. “We’ve seen a strong response to our buy before you sell approach and look forward to enabling more Houston home buyers to never make a contingent offer again.”
The Homeward Way gives homebuyers credit for their home equity up front, and lets them make an all-cash offer to secure their next home using the company’s funds. Homeward customers also receive a price guarantee on their existing home in case they’re unable to sell it for its full market value.
Buyers that use Homeward’s all-cash offer get an average discount of 2-5% on their next home and are twice as likely to beat buyers who make mortgage-backed offers. Homeward customers can also stay in their current home or move into their new one whenever they’re ready. They only move once and can control the timing of their move.
Homeward works with real estate agents to get their clients approved to make a Homeward all-cash offer as soon as they find the home they want.
“Homeward made all the difference for my client’s move.” said Chelsey Rand, a real estate broker in Houston. “They saved $10,000 off the list price on their new home since they were able to pay cash, something they wouldn’t have been able to do without Homeward. Homeward really made the process convenient and worry free, which is a life-saver for a busy single Dad with two kids.”
Homeward lets homeowners relax, and buy before they sell. Customers buy the home they want using an all-cash offer, and then sell their current property at full market value. Founded in 2018 in Austin, TX and backed by LiveOak Venture Partners, Homeward is expanding rapidly in Texas, Georgia and Colorado. For more information, please visit Homeward.com