Since August 17, 2024, the real estate market has been changing. Prospective home buyers are now required to sign an agreement with a real estate agent before they can tour homes (unless they contact the listing agent directly). These agreements outline how the buyer’s agent will be compensated, typically averaging 2.5% of the home’s purchase price. For example, on a $500,000 home, this could mean a buyer would be on the hook for an additional $12,500, on top of their down payment and other closing costs.
But what if you didn’t have to pay that extra cost?
Homa helps people buy a home without committing to an expensive real estate agent by providing the tools, guidance, and AI-driven expertise to navigate the process. From touring properties to submitting an offer and closing the deal, Homa supports buyers every step of the way. Just like an agent, but better.
Here’s how Homa helps you save money and take control of your home buying journey.
Prepare to Buy
The process of buying a home is complex, and even if you've done it before it can be overwhelming to figure out where to get started. Homa makes sure you're prepared from the first step by helping you:
Get Pre-Approved: Homa connects you with local, trusted professionals who are well-reviewed, ensuring you get the best lending options available.
Conduct Market Analysis: Access in-depth property details and rich AI-powered analysis to learn more about the home you're considering.
Answer Questions: With a powerful AI assistant trained on state-specific real estate laws and best practices, Homa provides answers with the accuracy and nuance of a top real estate agent.
Tour Homes Without a Realtor Contract
New real estate rules mean that agents now require buyers to sign a contract before touring homes. Homa helps you bypass that restriction and still tour homes by connecting you with:
Open Houses: Visit homes without commitment.
Listing Agents: Connect directly with the agent who knows the home best.
Showing Partners: Schedule showings at your convenience with an agent who won’t require a costly or long term contract.
Craft the Perfect Offer
Making the right offer is crucial in any market. With Homa, you can confidently craft an offer that stands out while ensuring you’re making a smart investment. Here’s how Homa helps you get the best deal:
AI-Powered CMA: Compare similar properties to determine the right offer price.
Offer Recommendations: Review suggestions on what terms (besides the price) will make your offer more competitive or get you a better deal.
Review Disclosures: Understand key details about the home before making an offer, giving you leverage and insight.
Submit Your Offer the Right Way
Every state has different forms for submitting an offer, and using the correct paperwork can make or break your deal. Homa helps by:
Generating Offers: Easily create offers using the same paperwork that local listing agents prefer.
Creating Addendums: Effortlessly draft additional contract terms when needed.
Managing Documents: Keep all essential paperwork organized in one place.
Navigate Escrow with Confidence
Once your offer is accepted, you’ll move into the escrow process. It's the exciting final stretch before your closing. This phase includes inspections, appraisals, and paperwork, but don’t worry, Homa makes it simple by offering:
Step-by-Step Guidance: Understand the process and stay ahead of deadlines with powerful tools and checklists.
Professional Recommendations: Find top rated lenders, inspectors, title companies, and insurance agents with Homa’s trusted network.
Powerful AI Assistant: Chat with Homa anytime for personalized, state-specific answers tailored to your unique home buying journey.
Put Money Back In Your Pocket
If the seller is willing to offer a buyer's agent commission but you're not working with an agent, there's nothing stopping you from negotiating to keep that money yourself in one of the following ways:
Seller Credit: Request the seller give you a closing cost credit so you can keep more money in your pocket at closing.
Lower Purchase Price: Request the seller reduce the purchase price, lowering your monthly payment if you're buying with a mortgage.
Submit a Competitive Offer: If you're buying in a highly competitive market, let the seller keep the buyer's agent commission to make your offer stand out without having to increase the price.
Why Choose Homa?
The real estate landscape is evolving, and with these changes come new opportunities for home buyers. Now is the perfect time to take control of your home buying journey. By purchasing a home on your own, you can save money, put your own needs first, and leverage modern AI tools to make educated decisions.
Homa is more than just an alternative to a real estate agent. It's a smarter way to buy a home. With AI-driven insights and zero commission fees, Homa empowers you to navigate the process with confidence and keep more money in your pocket.
Even if you're working with a realtor, you can still benefit from Homa's tools and resources. If you feel your agent isn't doing enough for you or you just want to be more involved with the home buying process, Homa is an excellent option to make sure you stay informed and ensure you're getting the best deal.
With Homa, you have everything you need to succeed in the home buying process. Ready to take the next step? Sign up for free at tryhoma.com today.