Why We Believe the Future of Offers is All-Cash
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HomeLightHomeLight’s vision is a world where every real estate transaction is simple, certain, and satisfying. We build software and provide services to home buyers, sellers, and real estate agents.
At HomeLight, we believe the future of real estate lies in the hands of the best agents across the country.
In January 2020, we launched HomeLight Cash Offer® mere weeks before the COVID-19 pandemic hit. And the months and years that followed have seen record-setting inventory shortages, a steep growth in home values, and intense bidding wars — perhaps one of the most volatile periods our industry has ever seen.
The last two years, homebuyers have needed the trusted guidance of the best local real estate agents. Those agents needed the tools, technology, and platform to help them compete and win — and ultimately help their clients transact with power, speed, and certainty. It’s been our honor to help transform the transaction experience for agents and their clients everywhere with HomeLight Cash Offer.
Today, we’re thrilled to announce the next step in our journey to transform the transaction experience: we’ve entered into a definitive agreement to acquire Accept.inc, a fintech lender that seeks to level the playing field for homebuyers by upgrading any offer into an all-cash offer.
We’ve also raised an additional $115 million in Series D funding to help support our operations as we continue building the technology driving the contingency-free transaction of the future.
Becoming the largest agent-focused cash offer program in the country
With this acquisition, HomeLight will become not only the largest agent-focused cash offer program in California and Colorado, but also in the entire country.
The acquisition and fundraise come on the heels of 500% year-over-year growth in transaction volume for HomeLight Cash Offer as of April 2022.
HomeLight Cash Offer has proven to be a powerful tool for homebuyers in a variety of situations, whether it’s a first-time buyer in Houston, Texas, a retiree looking to upsize in the highly competitive Phoenix, AZ market, a growing family looking for more room in Dallas, TX, or a couple looking to compete against wealthy buyers pouring into Miami, FL.
This is why we believe that the future of offers is all-cash — because it gives the average buyer the power, speed, and simplicity they need to compete and win.
Why the future of offers is all-cash
HomeLight Cash Offer gives top agents and their clients the power to make an all-cash offer on their next home, even if they need a mortgage:
- Clients are fully underwritten within 24 hours of application
- Program provides access to all-cash offers with no financing contingencies
- Closing guaranteed within 21 days
- No program fees, dependent on closing timeline
Based on purchases closed in 2021, offers powered by HomeLight Cash Offer are three times more likely to win versus traditional offers.
Take the Halbert family, for example. They wanted a home closer to schools to get back meaningful time with their family. On the verge of quitting their home search, they turned to HomeLight Trade-In and HomeLight Cash Offer to sell their current home at its highest value and win their new home in a competitive market.
Interested in gaining access to HomeLight Cash Offer? Learn more and apply for access at www.homelight.com/cash-offer/agents.
At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.
