New Broker Network Delivering Flyhomes Cash Offer to Help More Homebuyers in Key Markets Throughout the U.S.
Seattle – October 26, 2021 – Flyhomes for Agents today announced the expansion of its rapidly growing network of real estate brokerages to include Texas, Colorado, Maryland and Washington D.C, joining existing states California, Washington and Oregon. Flyhomes for Agents can support agents anywhere within these contested housing markets, providing them with access to Flyhomes Cash Offer, which enables their clients to win faster, close sooner and pay less.
The Flyhomes Cash Offer helps agents and their homebuyers solve one of the greatest challenges in securing a home in today’s market: most buyers can’t make an all-cash offer, although they often compete with others who can. With a Flyhomes Cash Offer, homebuyers can pay cash for a new home.
“We created the Flyhomes Cash Offer so buyers can pay for their new home in 10 days or less with no financing or appraisal contingencies holding them back,” said Adam Hopson, Flyhomes VP of Strategy & Growth. “And, because we back every cash offer with our guarantee that we will buy the home if the buyer backs out, it’s even more irresistible to sellers.”
The company also announced today they have appointed Tim Cooke as Director of Sales to help oversee the expansion of Flyhomes for Agents. Cooke, an industry veteran with a proven track record of building and scaling partner channels, will focus on building out a nationwide network of real estate agents interested in utilizing the power of the Flyhomes Cash Offer.
“By networking with brokerages across the country, we help agents ensure that their buyers can compete. The Flyhomes Cash Offer levels the playing field and delivers a win for everyone: the agents on both sides of the transaction, as well as the seller and the buyer,” said Cooke. “Buyers who use the Flyhomes Cash Offer typically make just one or two offers, compared to an average of eight offers from buyers who require traditional financing in many competitive markets. That means agents and their clients can spend less time bidding and more time winning.”
Flyhomes Cash Offer gives agents two more competitive advantages.
First, the cost can be $0 for both the agent and their client. Clients never pay anything to use Flyhomes For Agents while buyers can use a Flyhomes Cash Offer with an effective fee of $0 when they close a long-term mortgage with Flyhomes Mortgage. Otherwise, they will pay a convenience fee of just 1% of the loan amount versus other lenders that typically charge a fee of 2-3% of the purchase price. Compared to working with other lenders offering cash offers, buyers who work with Flyhomes For Agents can save $7,000-10,700, which is 2-3% of the current median-priced home in the US of $356,700.
Second, Flyhomes Cash Offer comes with an industry-leading 100% guarantee: if the buyer backs out for any reason, Flyhomes will buy the home, eliminating the seller’s risk.
For agents and their clients, the 3-step Flyhomes Cash Offer process is simple:
- Buyers get pre-approved: Flyhomes Mortgage prepares clients to start making offers quickly, with an in-house, rapid pre-underwriting service. Clients then know their home buying budget with certainty.
- Buyers receive funding fast: When a buyer is ready to make an offer, Flyhomes sets them up with a short-term loan for their cash offer, funded in 10 days with no financing or appraisal contingencies (it can also be funded later if sellers prefer). Agents receive 100% of their commission.
- Buyers secure final financing: Once the buyers move in, Flyhomes Mortgage will refinance their short-term loan into a standard mortgage within 30 days – and guarantee to close on time. The 1% convenience fee is credited back, so the buyer’s cost for short-term financing is zero. If the buyer chooses to go elsewhere for their long-term financing, they have up to three months to do so, and the convenience fee of 1% of their loan amount will not be credited back.
At Inman Connect, Cooke is a featured panelist for “The Future of Mortgage: What Agents Need to Know,” a session set for 8:00 am on Wednesday, Oct. 27, at Bristlecone 6 in the Aria Hotel in Las Vegas, Nevada.
About Flyhomes for Agents
Flyhomes for Agents helps agents nationwide to empower their clients with modern selling and buying options to close more deals faster, ultimately earning them more client referrals and commissions. By providing competitive services like the Flyhomes Cash Offer, brokers can close deals 4.5 times faster than the industry average while keeping 100 percent of their commission. And, because life happens, Flyhomes backs its services with a one-of-a-kind guarantee so their agents’ clients can buy with confidence. Learn more at flyhomes.com/agents.
Media contact:
Justin O’Neill
joneill@flyhomes.com
415-699-0033
