Homeward Analysis
What is Homeward?
All-cash home offers for buyers and sellers
Employees
201-500
Founded
2018
Industry
Home Buying
Average Purchase Price
up to 89% of the home's market value
Product Features & Capabilities
- Buy before you sell
- Make a cash offer
- Sell to Homeward
Use Cases
Buy a new home before selling old one; Make a cash offer to win in competitive markets; Eliminate financing contingencies; Access home equity without market delays; Move in immediately after closing
Customer Success Story
Customer reviews for Homeward generally reflect a positive experience, with many users praising the company's innovative approach to home buying and selling. Common praises include:
- Ease of Process - Many customers appreciate the streamlined process of making all-cash offers on homes, which allows for quicker transactions and less stress.
- Flexibility - Users often highlight the flexibility Homeward provides, allowing them to sell their existing homes later, which is seen as a significant advantage.
- Customer Service - Several reviews mention responsive and helpful customer service, contributing to a positive overall experience.
However, there are also some complaints noted by customers:
- Fees - Some users express concerns about the service fees associated with Homeward's offerings, feeling they can be high compared to traditional methods.
- Limited Availability - A few reviews mention that Homeward's services may not be available in all areas, which can be frustrating for potential customers.
- Communication Issues - A minority of reviews point to occasional communication issues, where customers felt they were not adequately informed throughout the process.
Overall, Homeward has an average rating of around 4.5 out of 5 across various platforms, indicating a generally favorable reception among users.
Other Considerations
4.7 stars from 900+ Google reviews; Featured in Forbes, Fortune, Inman, WSJ, NBC; Thousands of homes purchased annually with Homeward Offers; Recommended by 1000+ homeowners and agents; Built by agents, for agents; Partnerships with Keller Williams, Redfin, Better Homes
Service Areas
Homeward operates and provides cash home buying services in the following states: Arizona (AZ), Colorado (CO), Florida (FL), Georgia (GA), Oregon (OR), Texas (TX), and Washington (WA).
Cash Purchase Process
Homeward's process for buying houses for cash involves several unique steps designed to streamline the experience for sellers. Here’s a breakdown of the process:
- Cash Offer - Homeward provides sellers with a cash offer within 24 hours.
- No Home Showings - Sellers can skip the hassle of home showings, which can be time-consuming and stressful.
- Flexible Selling - Homeward allows sellers to cash out quickly while retaining the potential upside when their home sells on the market.
- Buy Before You Sell - Homeward offers a unique program that enables buyers to purchase a new home before selling their current one, providing flexibility and reducing the stress of timing the sale.
- Support and Resources - Homeward provides various resources and support to guide sellers through the process, ensuring they understand each step and feel confident in their decisions.
This approach is designed to make the home selling process more efficient and less burdensome compared to traditional methods.
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