When actual property agent Chelsea Shang and her accomplice, Alden Ye, had a baby in 2019, they determined it was time to cease renting and purchase a house of their very own.
But it surely wasn’t going to be simple in a bustling Los Angeles market — even for an skilled agent.
“As a Realtor®, I used to be confronted with the identical challenges as my purchasers,” says Shang. “We had been persistently dealing with a number of provides, bidding wars, and making an attempt to compete with money provides. We wanted higher phrases to make our provides look extra enticing.”
An insider tip to a aggressive edge
Busy actual property brokers are well-connected and all the time studying about new assets. That is normally a perk for purchasers, however when an agent turns into their very own shopper, it’s doubly advantageous.
By means of her agent partnership with HomeLight, Shang heard about HomeLight Money Provide. Exhausted from a yr of placing in a single unsuccessful supply after one other, she determined to provide this system a strive — and what higher approach to vet a useful resource for her purchasers than to make use of it herself?
“HomeLight Money Provide turned out to be the proper answer for us,” she says. “It immediately made our supply actually enticing and gave us the power to compete with different money provides.”
This system works by giving certified patrons the ability of money. HomeLight Money Provide eliminates financing contingencies and permits for a quick closing — even in as few as eight days — which signifies that patrons and their brokers can submit an ultra-competitive buy supply and stand out from the gang.
“We selected to make use of HomeLight Money Provide as a result of we had been available in the market for a really very long time, and we’d been placing in so many provides and actually coming shut,” explains Ye. “I believe the a number of occasions is what actually damage — once we had been buying with a mortgage, we discovered ourselves getting actually shut so many occasions after which dropping to any individual who, in sure circumstances, even had provides under ours.
“HomeLight Money Provide gave us the chance to be extra aggressive.”
Shang and Ye each appreciated the benefit of working with HomeLight consultants.
“The crew at HomeLight was nice,” says Shang. “Everyone concerned was very environment friendly and fast, and communication was sturdy. All our questions had been answered proper off the bat.”
HomeLight’s pace made it doable to compete and win
When competing for a house in a vendor’s market, pace is essential. HomeLight Money Provide gave Shang and Ye the pace they wanted to compete with — and in the end beat — the competitors.
“We noticed this home available on the market actually late,” says Ye. “We had a very quick timeframe after viewing the home, and everyone on the HomeLight crew was quick and environment friendly. I believe it solely took about 24 hours from once we noticed the house to getting every little thing put collectively — all our financials, the underwriting, the appraisal, and actually serving to us submit that provide.”
Shang and Ye’s money supply on their dream house was considered one of ten provides, and theirs wasn’t the best — nevertheless it did show to be the strongest.
“The sellers had been relocating to the east coast, so that they had been in the end in search of a fast, simple transaction with the least quantity of threat,” says Shang. “They actually valued the timing and assure of our money supply, and the sellers determined to solely counter our supply to match the best bidder — as an alternative of issuing a a number of counteroffer to all of the provides on the desk.
“This made our choice very easy and took out all of the stress from a possible bidding conflict.”
Due to HomeLight Money Provide, Shang and Ye had been lastly profitable in buying their most well-liked house.
“We’d been placing in provides for a yr, and our first supply with HomeLight Money Provide acquired accepted — we had been tremendous enthusiastic about that,” says Ye.
Money Provide: Examined, accredited, and really helpful
It’s secure to say that Shang’s check run with HomeLight Money Provide was a hit, and she or he is glad to advocate this system to her purchasers.
“After my expertise, I extremely advocate HomeLight Money Provide to all of my patrons available in the market.
Up to now, I’ve closed 5 different patrons with this program and everybody had a fantastic expertise. We’ve even saved patrons cash, as a result of lots of occasions you don’t need to be the best quantity to win the house. What you want are the money and the fast shut.”
And HomeLight Money Provide delivers each.
Header Picture Supply: (Matt Gush / Shutterstock)