Homie Real Estate Review 2024
With the help of our in-house editorial team, our platform’s members and external subject matter experts, this comprehensive review of Homie became possible and available for free to those considering this solution!
In this review we evaluated Homie’s features, plans, pricing, and other important aspects to help our readers make a more educated purchase decision.
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What Is Homie?
Homie is a flat fee MLS listing company and brokerage that helps homeowners and buyers sell and buy homes with the help of their in-house agents.
The discount real estate brokerage operates in Arizona, Colorado, Idaho, Nevada, and Utah.
To sell through Homie, you will be required to pay a flat fee for listing rather than the typical 3% commission paid to listing agents.
Once the service fee is paid, Homie (through a dedicated agent) will list your home on the local MLS and other real estate listing websites.
Homie has been used to transact more than $3 billion in real estate since its launch in 2015.
What Is Homie Used For?
- MLS listing — Homie will publish your property on your local MLS within 24 hours of you providing the information about it. Your home is also listed on the property marketplace.
- Third-party syndication — Homie also works as one of the best real estate listing syndication websites. It lists your house on its own site and on other major real estate listing platforms. Such platforms receive millions of visitors each month, and as a result, your property is exposed to a wide audience.
- Agent support — Homie connects you with dedicated in-house real estate agents who help you throughout the home sale or purchasing process. You can reach your dedicated agent via phone, text, or email at any time.
- Home value estimation — Homie provides comprehensive data on your area’s market to facilitate comparative analysis and help you set the right price for your home. Your dedicated agent will also assist you through this process.
- Professional photography — Services of a professional real estate photographer are included when you pay for the flat fee listing service. The company recommends utilizing this option even if you have your own photos of the house for sale.
- Property marketing — Homie uses traditional yard signage and real estate social media marketing to advertise your property. Once you sign your listing agreement with Homie, the company will ship Homie-branded yard signage to you.
- Home financing — Home buyers can access loans on Homie’s proprietary lender service — Homie Loans. The service is available for those looking to purchase a home or refinance.
- Property marketplace — Homie has a property marketplace where buyers can find and buy a home. The marketplace offers all types of properties, including condos, townhouses, and single or multifamily real estate. Use the built-in search filters to find the right home.
Homie Users Breakdown by Specialty
Is Homie Legit?
Yes. Homie is a legitimate flat fee listing company and brokerage that has been around since 2015. The company was started in Utah, where its main offices are currently located.
Since its launch, Homie has grown to become one of the most popular for sale by owner listing sites.
According to the company website, the platform has served thousands of clients, which can be backed by the numerous customer reviews online.
Additionally, the user reviews are mostly positive, earning the platform an average rating of 4.4/5 on Google and Facebook.
When it comes to security, Homie is safe, as it implements physical, electronic, and procedural measures to protect client data from unauthorized access.
The company discloses what data it collects from you and who it might share it with.
Another reason we believe Homie is not a scam is the brand’s transparent company profile. Homie has verified and active accounts across all major social media platforms where it shares company and platform updates.
Homie has amassed a huge audience on Facebook and Instagram, with over 40,000 followers across both platforms.
That said, some customers have complained that their agents were difficult to reach when they needed support.
Homie Customer Reviews
Homie Pricing
Seller Pricing
Homie charges home sellers a flat listing fee of $5,000, regardless of the price of their home. According to the Homie website, other cost packages are available upon request.
As a seller, you will also be expected to offer the typical 3% buyer agent commission, although the company allows you to offer any amount.
Still, if you offer too little, buyer agents will not be incentivized to show your property to prospective buyers. You should offer a competitive commission based on the current market situation.
In addition to the listing fee, other charges sellers might incur include:
- Title company fees
- Escrow company fees
- Concessions
- Home warranty
- Other negotiated costs
Buyer Pricing
Homebuyers don’t incur any upfront fees to find homes and work with a Homie agent throughout the purchase process.
They only incur the 3% agent commission, which is usually already included in the final sale price of a property.
Additional Services
Besides seller fees, Homie makes money through its additional proprietary products, which include Homie Loans, Homie Insurance, and Homie Title.
Homie also has a vendor marketplace where you can find providers for all real estate services, including building and repair, home automation and security, furniture, home cleaning, home warranty, and home inspector services.
The real estate company receives a referral fee from the service providers when it sends customers to them.
Homie Coupon & Promo Codes
Homie Features
Home Listing
As a flat fee listing platform, Homie lists your property on various channels, including:
- Your local MLS
- Homie website
- Popular home-buying websites like Zillow, Redfin, and Realtor.com
- Social media websites, including Facebook and Instagram
The company also employs the use of traditional yard signage to advertise your home to an even larger audience.
The company-branded yard signage is shipped to you once you pay for the service and sign the listing agreement.
Agent Support
Homie.com is a registered brokerage company in five states. As a result, it connects you with a licensed in-house agent when you enroll in the service.
Your dedicated agent supports you through the entire sale process and is always available via call, text, and email. Some of the services your agent supports you with include:
- property listing
- home valuation
- offers management
- services of a home staging company for open houses and individual showings
Home Value Report
Homie provides sellers with a home value report that includes detailed data on active and recently sold homes within your area.
With the report, you can put a price tag on your home that’s attractive for buyers and maximizes profits.
Professional Photography
Professional home photography is included in your listing package. A professional photographer will reach out to you within 48 hours of registering for the service to come take HD images of the house.
High-quality images grab buyers’ attention faster and enable you to sell for more than what you would with regular photos.
Property Marketplace
The Homie website has a marketplace where buyers and renters can find properties for sale and rent.
The properties are sourced from homeowners who choose to list with Homie. Use the maps tool and filters to narrow your search and find the right property options based on your needs.
Additional Services
Homie has a few proprietary products for buyers and sellers who use the platform:
- Homie Loans: An in-house financing service for buyers.
- Homie Insurance: An insurance service that Homie sellers can use to get quotes and purchase coverage for valuable assets.
- Homie Title: A title and escrow service that Homie buyers and sellers can utilize during closing. The service features automated technologies and an expert support team that streamlines the closing process for you.
Vendor Marketplace
Homie has partnered with several real estate service vendors to connect them with sellers and buyers who use the platform.
The company’s vendor marketplace has all the services you might need as a home seller or buyer, including:
- moving
- carpet cleaning
- home cleaning
- home warranty
- automation and security
- pest control
- painting
- storage
Homie Mobile App
The Homie mobile app is available for Android phones. It provides buyers with access to the property marketplace, where they can find their next home, schedule a visit, and communicate with sellers (and their agents).
Sellers can use the app to register for the service and begin the process of listing their property.
The Homie Real Estate Search app has a favorable average rating of 3.7 out of 5 from over 50,000 customer reviews.
Homie Pros and Cons
Pros
- Multiple customer reviews have indicated that the platform has a simple, intuitive user design that is easy to use.
- The flat fee pricing leads to enormous savings for sellers, especially for expensive homes.
- You get to work with licensed and experienced brokers.
Cons
- The platform may be expensive for those with cheaper homes.
- Some customers have complained that their dedicated agents were difficult to reach.
Homie Integrations
- MLS
- Zillow
- Redfin
- Trulia
- Realtor.com
- RE/MAX
- Homefinder.com
- Hotpads.com
- Condo.com
- Facebook Marketplace
Homie Achievements
Awards & Recognition
Best Flat Fee MLS Platform (Awarded by Real Estate Bees)
Press & Media
Ranked 25th, Fastest-Growing Companies in North America (Deloitte, 2020)
People’s Choice Awards (Silicon Slopes Summit, 2017)
Homie FAQs
How many clients does Homie serve?
There is no reliable data on the number of customers Homie serves. However, there are thousands of customer reviews on the company website and across the internet, indicating the platform’s wide reach.
Homie has also been used to buy and sell over $3 billion in homes.
Who founded Homie?
Homie Real Estate was started in 2015 by Mike Peregrina, Michael Trionfo, and Johnny Hanna in Utah.
Mike Peregrina has extensive experience in finance and capital management and serves as the Homie President and CEO.
He is also the face of the brand, having been featured in numerous interviews about the company.
Michael Trionfo is the technical expert behind Homie Technology Inc., thanks to his vast background in software engineering. He was the company’s CTO until 2021.
Johnny Hanna has been a real estate innovator for over a decade, having built Entrata, a robust property management software tool, in 2003. He served as Homie CEO until 2022.
What is Homie’s customer service number?
Homie customers and prospective users can contact the company for general inquiries by calling (385) 429-6888. You can also write to the Homie at [email protected].
What is the Homie cancellation and refund policy?
Home sellers can cancel their service use at any time, and Homie will automatically remove all advertisements for the property; there are no refunds for the canceled service.
That said, the real estate company has a buyer rebate program for those who buy properties through a Homie agent.
In this program, buyers receive up to half of the agent’s commission as a rebate to fund closing costs. However, you will only be eligible for the refund if you:
- Get your home mortgage from Homie Loans
- Use Homie Title for closing services
- Request a policy quote from Homie Insurance
What awards and recognitions has Homie received?
Homie Real Estate was ranked 25th by Deloitte on the annual list of the fastest-growing companies in North America in 2020.
Earlier in 2017, the company won the People’s Choice Awards at the Silicon Slopes Summit.
Homie Tutorials & Training
Is Homie Worth It?
As a flat fee listing service, Homie ensures you avoid high commissions when selling your home, which makes the platform suitable for homeowners.
However, the service is quite expensive compared to similar platforms (such as Houzeo and beycome), which makes it too costly for those with cheaper homes.
Furthermore, although Homie connects you with an experienced agent, the agents are often difficult to reach, according to many customer reports.
If hands-on service is a priority for you, there may be better choices for your home sale than Homie.
Overall, Homie is most suitable for those selling expensive homes and for experienced sellers who can handle most of the sale process independently.
Homie Contacts
- Website: Official website
- Phone: (385) 429-6888
- Email: [email protected]
- Address: 489 S Jordan Pkwy #253, South Jordan, UT 84095, USA
- Socials: Facebook, Instagram, Twitter, LinkedIn, YouTube
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About the Author:
Kristina Morales is both a licensed mortgage loan originator and real estate agent in the State of Ohio. Inspired by her years of working with buyers and sellers and seeing a need for more consumer education, Kristina created loanfully.com, an online educational resource for borrowers and industry professionals. In addition to real estate sales and mortgage lending, Kristina had an extensive corporate career in banking, treasury, and corporate finance. She ended her corporate career as an Assistant Treasurer at a publicly traded oil & gas company in Houston, TX. Kristina obtained her MBA from the Weatherhead School of Management at Case Western Reserve University and her B.A in Business Management from Ursuline College.