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- HomeLight Expands “Buy Before You Sell” to 40 New States with $20M Series D Extension
HomeLight Expands “Buy Before You Sell” to 40 New States with $20M Series D Extension
Slice of Real Estate Team
August 29, 2024
Key Highlights:
HomeLight raises $20M to expand "Buy Before You Sell" to 40 new states.
AI-driven platform enables homebuyers to unlock up to 70% of their home equity.
Partnerships with major lenders fuel the program's growth to 47 states.
Source (Business Wire)
Notable Quotes:
“So far, the response to Buy Before You Sell has blown away our expectations and we’re thrilled to add so much value to both our lender and agent partners as well as their clients.”
“Empowering homeowners to buy a new home with the certainty that comes from Buy Before You Sell is immensely valuable.”
“With Buy Before You Sell, we were able to accomplish my buyer’s goal: submitting a non-contingent offer, pulling equity out now for the down payment at closing, and only having to move once, with no rent payments in the middle.”
Our Take:
The expansion of HomeLight’s Buy Before You Sell program is a significant milestone in the real estate technology landscape. By enabling homebuyers to leverage their existing home equity more effectively, HomeLight is addressing a major barrier in the homebuying process. The rapid adoption of this product among lenders highlights the industry's need for innovative solutions that streamline transactions and provide more certainty to buyers. As HomeLight continues to expand its reach, we can expect to see even more transformation in how real estate transactions are conducted across the U.S.