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Buy Before You Sell
Make a winning,
cash offer today.
Until now, you probably had to sell your current home in order to purchase your new home. This can lead to rushed decisions and unnecessary stress. Now you have a better option.
Homeward provides a calmer, more convenient way to buy your next home. Now you can buy before you sell.
Buy with certainty
Homeward’s funds give you the ability to buy your dream house even if you haven’t sold your current home.
Win in a tough market
Make a more competitive, cash offer. Cash offers are three times more likely to beat financed offers.
Move on your timeline
Secure your next home first, then take your time selling your current home so you get full market value.
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Buy before you sell for an effective fee of 1.4%*
Convenience fee
Often rolled into mortgage
Homeward’s standard convenience fee is 1.9%. But if you use Homeward Mortgage, you’ll receive a 0.5% credit at closing, so that you pay an effective convenience fee of 1.4%.
Rent
Deferred until closing
Your rent is prorated by day, so you only pay for the time you need. Homeward buyers pay an average of only 45 days of rent
*Homeward’s standard convenience fee is 1.9% of the purchase price of your new home. If you finance your purchase with Homeward Mortgage, our affiliate tender, Homeward will contribute 0.5% of the purchase price toward your closing costs, so that you pay an effective convenience fee of 1.4%. That said, you’re free to obtain your loan from any mortgage lender you choose and still make a Homeward Cash Offer.
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How does it works?
1. Get approved.
Homeward approves you for a specific amount so you can start shopping and be ready to make an offer as soon as the house you want comes on the market.
2. Make a cash offer.
Homeward works with me, your agent, to make a cash offer on your new home. Cash offers are three times more likely to beat financed bids.
3. Win the home.
The seller accepts your offer. We work to finalize the purchase. You’ll have a few tasks to complete, too, including paying your earnest money deposit, scheduling an inspection and signing mortgage disclosure documents.
4. Move into your new home.
Live in your new home while you rent it from Homeward for up to six months. Homeward prorates the rent so you only pay for the days you use.
5. List and sell your old home.
List your old home and selll it for top dollar. Homeward is able to provide a floor price guarantee to most homebuyers. So if your home doesn’t sell in six months, they’ll buy it from you.
6. Buy back your new home.
Finalize your mortgage and close on your new home by buying it back from Homeward.