The Inside Scoop: A Look at Homie Reviews and Potential Drawbacks

Homie Real Estate’s $3,500 flat listing price offers considerable savings for house sellers and commission rebates for buyers.

This discount real estate broker, which operates in five states, has a 4.3 out of 5-star rating. Numerous Homie real estate reviews, however, voice reservations about their uneven service quality and restricted coverage.

For those seeking a flat fee company with exceptional customer support and extensive nationwide reach, Houzeo emerges as a compelling alternative.

Houzeo allocates your local MLS immediately, guaranteeing optimum exposure to both buyers and buyer agents. Furthermore, your listing will show on key sites such as Zillow, Redfin, Realtor.com, and Trulia, ensuring widespread exposure for your home.

What is Homie Real Estate?

Since its establishment in 2015, Homie has been assisting customers in reducing their listing fees and saving on the typical 3% realtor commission.

Homie, Utah’s largest real estate agency, provides sellers with flat listing costs and commission rebates to purchasers. In 2021, Deloitte recognized Homie as the fastest-growing tech startup in North America.

Is Homie.com Legit?

Homie Inc. operates as a reputable real estate company, providing services as a low-commission broker. Homie.com is their legitimate online platform for real estate transactions.

While Homie offers more favorable rates than other discount brokers, some customer reviews have highlighted the potential drawback of limited hands-on support.

Homie Coverage Area

Homie Realty is headquartered in Utah and operates in Arizona, Idaho, Nevada, and Colorado.

How Does Homie Make Money?

Homie Real Estate is a discount broker. They earn money by offering inexpensive listing services to house sellers and large commission refunds to purchasers. Homie can balance off its lower charges by providing a limited range of services than full-service real estate brokers.

Because there is no in-person or onsite help during the house-selling process, Homie’s smaller staff of agents can manage a larger volume of transactions remotely.

Homie also makes money by providing other services such as mortgage, title, and insurance.

Home Much Does Homie Charge?

Homie Homes will list your home for a fixed charge of $3,500, saving you the 2-3% listing agent commission. You will also receive assistance with other home-selling operations such as marketing, home staging, etc.

The commission for the buyer’s agent is subject to negotiation and may differ depending on the property or market. Generally, sellers are required to offer a commission fee ranging from 2.5% to 3%.

However, in the Home-2-Homie deal, you can benefit from significant savings through a flat fee when selling a property to a Homie buyer. In Utah, you only need to pay a flat buyer fee of $1,300, while in Las Vegas and Phoenix, the fee is $2,000.

Homie Real Estate Agents

Homie employs agents on payroll to guarantee that vendors and buyers receive thorough support. These agents are licensed real estate experts with extensive knowledge of their respective fields.

It is crucial to note, however, that Homie agents do not perform house visits or provide in-person help. This lack of personal touch might be inconvenient for house sellers who may be hesitant to raise inquiries or seek individualized advice regarding their properties.

Homie Reviews

Homie has received an overall rating of 4.3 stars out of 5 from over 1,000 reviews on Google, Facebook, and Zillow. Let’s take a look at Homie reviews to see how effectively the product satisfies the target population.

✅ Kenan had a good experience with Homie and their staff for being polite. All his questions were answered, and his paperwork was done on time.

✅ Jacob appreciated Homie’s prompt customer support and commission-saving package.

❌ Max was unsatisfied with Homie as he was constantly asked to lower the price of his house. He complained their agents lacked knowledge about the selling process.

❌ Jordan highlighted Homie’s seemingly inefficient customer service. He was unhappy with the staff as he was also asked to lower the house price. He claimed that their employees misled him.

Advantages of Using Homie

1. Save on listing agent commission.
2. Easy-to-use interface

Disadvantages of Using Homie

1. Limited Agent Support
2. Inconsistent Service Quality

Homie Alternatives

1. Homie vs. Realtors: The primary distinction lies in how Homie and traditional agents generate their income. Homie’s agents typically earn through a combination of salaries and bonuses linked to client feedback. On the other hand, realtors depend entirely on the house sale for their commission.
2. Homie vs. Houzeo: Houzeo is recognized as one of the most sophisticated websites for For Sale by Owner transactions. When you make the decision to list your home, the entire process with Houzeo runs seamlessly, ensuring smooth handling of all essential documents and listing paperwork.

Is Homie Worth It?

While Homie’s technology-driven platform is creating waves in the real estate sector, the potential negatives outweigh the positives. Despite the $3,500 fixed charge, Homie evaluations suggest that sacrificing on service quality might have a negative influence on sellers.

If your priority is to save money and you are comfortable handling online paperwork, it is advisable to consider a flat-fee MLS company such as Houzeo. Houzeo not only offers better rates but also provides personalized support, surpassing what Homie can offer.

Frequently Asked Questions

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