Buy Before you sell with Homeward

                                    

Shop with confidence

Be ready to make an all-cash offer as soon as the home you want comes on the market.

Win in a tough market

Stand out in a multiple offer situation with a cash offer that removes every major contingency.

Get the best terms

Make a strong offer with a fast, guaranteed on-time close.


Shop for a Home With Less Stress and More Confidence

Here's how it works

   

Get approved.

Homeward approves you for a specific amount so you can start shopping and be ready to make an offer as soon as the house you want comes on the market.

     
Make an all-cash offer.

Homeward works with your agent to make a cash offer on your new home. Since it’s cash, your offer is three times more likely to beat financed offers.

   
Win the home.

After the seller accepts your offer, Homeward  works with your agent to finalize the purchase and things you’ll need to do to get it closed.

   
Move into your new home.

Homeward will close on your home as soon as the title is ready. You can move in the very next day and rent from Homeward until you buy it back.

   
Buy back your new home.
Once your mortgage is ready, you’ll close on your new home by buying it back from Homeward.

Homeward approves you for a specific amount so you can start shopping.
 
WHAT HAPPENS AT THIS STEP
 
You will:
 

Complete the Homeward application. And, if you’re selling an existing home, snap photos and provide details so we can review it for a guaranteed floor price.
Work with Approval Specialist to provide any documentation necessary for approval.
Meet your Customer Experience Manager, who takes over as your main Homeward point of contact once you’re approved.

Your agent will:
 

Search for a home that meets your criteria, if you haven’t already identified one.

Behind the scenes:
 

The Valuations team reviews your existing home to ensure it is eligible for the Homeward Program.

Homeward works with your agent to make a cash offer on your next home.

WHAT HAPPENS AT THIS STEP
 
You will:
 

Find the home you want to make an offer on and work with your agent to submit an offer request.
Sign Homeward’s Service Agreement Addendum.
Coordinate with Homeward on your mortgage process and next steps.
Review and accept Homeward’s mortgage proposal.

Your agent will:
 

Work with your Customer Experience Manager to write a Homeward offer.
Submit the Homeward offer to the seller’s listing agent.

Behind the scenes:
 

The Valuations team confirms that your new home is eligible for a Homeward offer.

Once the offer is accepted, the agent and buyer work with Homeward during the option period to prepare for closing on the new home.
 
WHAT HAPPENS AT THIS STEP
 
You will:
 

Work with your Customer Experience Manager to pay your earnest money deposit and option fee, if applicable.
Meet with your loan processor to sign your mortgage diclosure documents.
Sign the Customer Purchase Contract agreeing to buy your new home from Homeward within 6 months if you’re selling an existing home.
Order an appraisal if you’re using a lender other than Homeward Mortgage. Once it’s done, send the appraisal and review it with your agent and Customer Experience Manager.
Once the inspection is done, send a copy of the report to your Customer Experience Manager for review.
Work with the Transaction Support team and your agent to sign the Lease.

Your agent will:
 

Work with your Customer Experience Manager to draw up the Customer Purchase Contract you’ll sign.
Work with you and the Transaction Support team to sign the Lease, Limited Buyer Representation, and Referral Agreement documents.
Return the inspection report to your Customer Experience Manager for review. Agree on any next steps.
Capture any price and/or credit negotiations in amendments to both the Homeward Purchase and Customer Purchase contracts.
Work with the Transaction Support team to get a Disbursement Agreement (DA).

Behind the scenes:
 

The Title team generates title work and Homeowners Association (HOA) documents, and prepares to close Homeward as the buyer of the new home
The Mortgage Processor sets up your loan and orders an appraisal if you are using Homeward Mortgage.

 
Homeward completes the purchase of your new home so you can move in and make yourself at home.

WHAT HAPPENS AT THIS STEP
 
You will:
 

Move in!
List your old home on the market within two weeks of Homeward’s purchase of your new home, if applicable.

Your agent will:
 

Give you your keys on closing day.
Work with a Buyback Specialist to manage showings of your existing home.

Behind the scenes:
 

Your prorated rent starts accruing on the new home. You only pay for the days you need until you buy the home back.

If you haven’t already, list your existing home and sell it for top dollar.

WHAT HAPPENS AT THIS STEP
 
You will:
 

Work with your listing agent to review and negotiate any incoming offers.
Work with your Mortgage Processor to lock in your interest rate and provide all necessary documents for the clear to close.

Your agent will:
 

Collect sale contract and notify all Homeward parties that your home is under contract.
Provide a target date for you to buy back your new home from Homeward.

Behind the scenes:
 

Title prepares and closes the sale of your existing home.
Title works with Mortgage to prepare for your closing on the new home.

Secure a mortgage and close on your new home by buying it back from Homeward.

WHAT HAPPENS AT THIS STEP
 
You will:
 

Work with your Mortgage Processor to submit all necessary documents.
Review the disclosure statements with your Mortgage Processor to confirm transaction terms and costs.

Your agent will:
 

Verify the lender is using the most up-to-date and complete version of your purchase contract.
Review the final settlement statement with you.

Behind the scenes:
 

We’ll provide you with a final rent invoice and any applicable discount credits.


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