Is Homeward a legit company?

Homeward can help you buy a new home before you sell your old one. It's a legitimate company offering home trade-in services in Arizona, Colorado, Florida, Georgia, Oregon, Texas, and Washington. Founded by Tim Heyl in 2018, Homeward has had several rounds of funding over the years, most recently getting $371 million in May 2021. Homeward is headquartered in Austin, TX, and has three divisions: Homeward Cash Offers, Homeward Mortgage, and Homeward Title.

What does it cost to use Homeward?

Homeward charges 1.9% to use its Buy Before You Sell and Cash Offer services. The fee for the Buy with Cash program is offset to zero if you use Homeward Mortgage to finance your loan; the Buy Before You Sell fee is offset to 0.5% if you use Homeward Mortgage. Once you consider closing costs and rent paid on your new home until the old one sells, we estimate that it will cost between 5.7–16.6%, all in, depending upon your mortgage choices and agent commission. Find out how Homeward stacks up against the competition .

How does Homeward make money?

Homeward’s primary income is derived from the service fees it charges for using its Cash Offer and Buy Before You Sell services. The company also makes money on secondary services, like its mortgage and title companies. Finally, Homeward may make the occasional profit on home price appreciation from its trade-in service. Learn more about Homeward .

Can you buy a new construction home with Homeward?

Yes! Homeward will require information about the new home’s specifications, price, proposed completion date and percentage of completion.

Jon Stubbs

Content Writer

Jon Stubbs is a Content Writer for Clever Real Estate. He writes to help empower home buyers and sellers with the knowledge to make smart real estate decisions.

Education: B.A. Journalism, Pennsylvania State University; M.A. English, West Chester University of Pennsylvania

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