Powering the top real estate agents in the U.S., HomeLight is working to build the future of how people buy and sell homes. In January, HomeLight launched HomeLight Cash Close, a new way to buy a home designed to maximize clients’ home sale while removing many of the contingencies they usually experience. The product includes HomeLight Trade-In, a new system designed for homebuyers looking to unlock the liquidity of their current home in order to buy their new one, and HomeLight Cash Offer, a fully integrated platform that reimagines how homebuyers access and apply for banking and loans. With Trade-in, HomeLight buys the client’s current home in cash, freeing up their funds to buy their next home – an industry first that demonstrates HomeLight’s commitment to building the technology for top Realtors to deliver an exceptional transaction experience to their clients.
- Delivers an 8-day close on average, free of the banking errors and paperwork, and unlocks the liquidity for clients to put in an offer
- On average, trade-In homes sell for 5% above asking price, close 8.5x faster, and deliver 4% higher profits than the traditional method of listing on the market
- Trade-In has experienced 9x month over month growth in deals closed and 12x revenue growth since the product’s launch in January
San Francisco, CA