Homie has automated and streamlined much of the homebuying process so that buyers can do quite a bit of the work themselves (like browsing for homes online to find the ones they’re interested in). As a result, our costs are lower and we’re able to rebate our buyers up to $5,000 at closing.

Sign up to be a Homie buyer here.

1. Sign the Homie Buyer Broker Agreement (BBA)
2. Get pre-qualified for a loan at homieloans.com

That’s it. You’re qualified. Check with a Homie attorney or agent to inquire how much BAC is eligible for the rebate on any given property.

If a seller has listed their home on the MLS, they’ve already agreed to pay buyer agent commissions (BAC), usually around 3% of the price of the home. Homie collects those funds for a Homie buyer and rebates up to $5,000 back to the buyer for closing costs. Buyers must have signed a Buyer Broker Agreement (BBA) with Homie and get pre-qualified with Homie Loans in order to qualify for the rebate. Some brokerage fees and lender restrictions may apply.

House hunting can be both fun and frustrating. Most buyers find a home by browsing online listings in the areas where they want to live. Start with the listings on homie.com. If you don’t find the home of your dreams there, search other sites like Zillow, Trulia, and MLS sites. Once you’ve found a few you’re interested in, it’s a good idea to do a drive-by. Is the house next to a train track? The only decent house in a crummy neighborhood? On a busy street? These things are difficult to assess online. After you’ve done your drive-by, and you’re still interested, it’s time to set up a tour.

If the home is listed on Homie.com, click Request a Tour from the listing to set up your tour. If it’s not listed on Homie, contact the seller/agent directly and ask to schedule a tour. If they don’t respond, let us know at tours@homie.com.

The exact amount Homie can rebate buyers depends on the commission specified in the MLS listing. For instance, if the seller agreed to pay 1% commission, then the maximum Homie could rebate a Homie buyer would be 1% minus fees. If, like most sellers, the agreed-upon commission is around 3%, then a Homie buyer could receive up to $5,000 back as a rebate.

Any allowable buyer rebate can only be applied to closing costs. It is applied to the settlement statement at the time of closing. The rebate cannot be deducted from the sales price or given out as cash at closing.

If the listing has no Buyer Agent Commission, Homie’s buyer services are still free, but you will not receive a rebate since no commission will be collected.

The rebate works the same with Homie sellers as any other seller. If a Homie seller has agreed to pay a Buyer Agent Commission, the buyer may be rebated up to $5,000. If the seller has not agreed to pay a Buyer Agent Commission, there would be no money to rebate. Some limitations apply.

To qualify for the $5,000 Homie Buyer Rebate, you need to 1) sign the Buyer Broker Agreement (be sure to inform listing agents that you are represented by Homie when touring homes) and 2) you must be pre-qualified through Homie Loans.

No, the only requirement for receiving your Homie Buyer Rebate is that you pre-qualify. We know how competitive Homie Loans’ rates are and they can almost always get our buyers the best deal. If, however, you choose to get your loan elsewhere, you can still qualify for the Homie Buyer Rebate.

Yes, to receive a Homie Buyer Rebate you need to pre-qualify with Homie Loans. Start the simple, quick process here.

Yes, you are represented by Homie and have signed a Buyer Broker Agreement, this makes Homie your buyer’s agent.

No worries. We have real estate attorneys and agents available to answer any questions you may have on the official offer form. Just contact us.

The most important aspect of your offer is typically the sales price. Before you decide how much to offer, find out what your dream home is worth. Homie will send you a Home Value Report on the home you’re interested in for free. Use the report to make an educated offer on the home.

Earnest money is a deposit that you make as a buyer to confirm the contract and show the seller that you are serious about your intent to purchase the home. Earnest money can be returned to you or forfeited to the seller depending on the terms of the purchase contract and whether you decide to move forward with closing once a contract is in place. As a buyer, make sure you understand the terms of the earnest money deposit and the circumstances under which you can cancel the contract and retain the earnest money.

The earnest money deposit is usually at least 1% of the home’s sale price. When making offers, offering more earnest money makes your offer stand out and shows you’re serious. You need to have the funds available to cover your earnest money deposit because you will have to deposit it with a title/escrow company when your offer is accepted.

Yes. You can make offers on homes advertised on Homie and use your agent to do that for you.

Yes, Homie’s got your back. Homie Loans, a sister company, offers mortgage loans and can pre-qualify and pre-approve you for a loan. Get started online at www.homieloans.com.