Selling a house is usually anything but straightforward. From staging, freeing up storage space and getting repairs done to hosting open houses and dealing with the uncertainty of closing dates, navigating the traditional real estate market can feel like a part-time job you never asked for. For many homeowners, the problem isn’t finding a buyer — it’s navigating the financial and logistical chasm between selling their current home and buying their next one.
Enter homesmyth com. Marketed as a modern remedy to the age-old real estate headache, with this real estate service sellers were promised more control, flexibility and certainty. But what exactly is it, and is it the best fit for you?
In this article, we’ll take a close look at what homesmyth.com brings to the table, how their model compares with that of traditional listing agents, and why it makes good practical sense to use a service designed to fill in the void between your old home and new one.
What is Homesmyth com?
It is a real estate service that aims to enable homeowners to unlock their home equity before they sell. It’s commonly called a "bridge" solution or a “buy before you sell” program.
In a typical real estate transaction, most individuals must sell their current home so they can have the cash for a down payment on the next one. This results in a “contingent offer” — you tell the buyer of your dream home, bemused, “I’ll buy your house, but only after I sell mine.” In a strong market, sellers may not accept contingent offers when they could sell to someone who has cash on hand or preapproved financing.
Step in Homesmyth com to resolve this catch 22. Using the equity in your existing home, This real estate service removes the stress of having to coordinate between multiple transactions so you can get into that new home sooner! Once you are out of there, they facilitate getting your old home to market vacant so it can sell for the most money while also being spared from the nuisances of living through showings.
How the Process Works?
The mechanics here can help you determine if it aligns with your timeline and financial goals. Though all deals are unique, the general process would occur as follows:
The Approval and Valuation
First, you apply online. This website assesses your existing home and financial situation to figure how much equity you can tap into. That they will give you a valuation of your property and an idea of the cash you can release for your new home.
Making a Strong Offer
After you're approved, shop with confidence! Since you don’t need to hedge your bets by arranging the sale of your current house, your offers are “non-contingent.” This makes you a more attractive buyer, and can sometimes give you the bargaining power to negotiate a better price or beat out other bidders.
Move First, Sell Later
It may be the greatest life-style advantage of all. You close on your new home, and you move in. Away with the packing up of your life in boxes and living first in a rental. You go from Home A to Home B automatically.
Preparing the Old Home
After you have moved out, your old house is empty. And here is the perfect time for staging and small repairs. They frequently can help with this stage of the sale by making sure your property is shown in its best light. Empty houses frequently sell more quickly and at a higher sales price, since they are easier to show and appear cleaner.
The Sale and Settlement
That old house comes on the market. After it sells, the sales proceeds are applied to pay off any bridge loans or advances provided by this real estate service and their fees. Everything else goes straight to you.
Why a “Buy Before You Sell” Model?
The old process of buying and selling at the same time was rife with anxiety. Check out why the homesmyth.com model is catching up with contemporary homeowners.
Eliminating the "Home Sale Contingency"
In overheated markets, a contingency clause is the kiss of death. Sellers want certainty. When you take the need to sell your home out of the equation, it’s as though you have sold your property for cash. That can be the difference between snapping up your dream home and losing it in a bidding war.
Avoiding the Temporary Housing Trap
Selling your home before purchasing a new one often represents two moves. You sell, move into a short-term rental or your relative’s basement, and then you move again when you close on another home. This will double your moving costs and anxiety. They consolidates it all into one slick move.
Skipping the Showings
It sucks to live in a house while you’re trying to sell it. You must keep it museum-clean at all times, leave the premises for open houses on weekends and upend your routine for private showings. By leaving first, you sidestep this problem altogether. You won’t be concerned with muddied dog paws or making your bed perfectly every single morning.
Maximizing Sale Price
You can’t stage a home when it’s full of clutter and personal items. If you're the first to move out, then the home has an opportunity to be professionally staged in order to appeal to the most potential buyers. In addition, since you’re not under pressure to sell quickly and close on your new place, you don’t need to settle for a lowball offer because you’re desperate.
Is Homesmyth com Right for Everyone?
Despite its appealing service perks, there are costs to be considered. Such websites often charge a fee for their convenience and financial products. This fee is frequently a percentage of the price at which the home sells (like agent commissions, but structured differently).
It is crucial to do the math. Is the cost of the service less than double moves, storage units and temporary rent? For most, the convenience and opportunity to land a new home in a competitive market are more than worth the fee. But if you live in a sluggish market or have lots of cash to spare, a traditional listing could ultimately be more cost effective.
A New Era of Real Estate
The rise of companies like homesmyth com are evidence that the real estate world is changing. It’s because homeowners today simply don’t want to put up with the strict, demanding timelines of yesteryear. They want the flexibility and financial tools that reflect how people are it moving today.
Whether you’re trading up for a bigger family or downsizing to retire, the freedom to separate the act of buying and selling is empowering. It returns YOU in the driver’s seat so you can move on your terms.
If the mere thought of moving fills you with dread, looking into such website may be the best first move you make.
