{"id":24089,"date":"2021-05-26T07:03:47","date_gmt":"2021-05-26T14:03:47","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=24089"},"modified":"2026-03-13T09:45:08","modified_gmt":"2026-03-13T16:45:08","slug":"homelight-trade-in-and-homelight-cash-offer-launch-in-texas","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/homelight-trade-in-and-homelight-cash-offer-launch-in-texas\/","title":{"rendered":"HomeLight Trade-In\u2122 and HomeLight Cash Offer\u2122 launch in Texas"},"content":{"rendered":"<p><span style=\"font-weight: 400;\"><b>Today, we\u2019re excited to announce we\u2019re launching <\/b><a href=\"https:\/\/www.homelight.com\/trade-in\"><b>HomeLight Trade-In\u2122<\/b><\/a><b> and <\/b><a href=\"https:\/\/www.homelight.com\/cash-offer\"><b>HomeLight Cash Offer\u2122<\/b><\/a><b> throughout the state of Texas to transform how local residents buy and sell homes. The expansion is fueled by a\u00a0$100 million\u00a0credit facility from Credit Suisse, one of the world&#8217;s leading financial service providers.<\/b><\/span><\/p>\n<p><span style=\"font-weight: 400;\">We\u2019ve all seen it: the past decade of innovation in real estate has focused entirely on making it easier to search for the home of your dreams.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But that\u2019s when reality hits: there\u2019s been little, if any, innovation around the mechanics of actually buying or selling a property \u2013 the most complex and challenging part of the process. Millions of homeowners still face real estate\u2019s largest catch-22:\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Sell first, and you risk being temporarily homeless.<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">Buy first, and lose out to more competitive buyers.<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">Do both and it\u2019ll cost you thousands of dollars.<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Worse yet, in today\u2019s red-hot market, buyers are finding it\u2019s nearly impossible to transact, as the <\/span><span style=\"font-weight: 400;\">Wall Street Journal<\/span><span style=\"font-weight: 400;\"> recently reported. In some regions, homes are only on the market for hours before dozens of offers flood in, many of them all-cash.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But it doesn\u2019t have to be that way. In the past two years, HomeLight has built technology to make the process easier, all in the name of making buying and selling real estate simple, certain, and satisfying \u2014 and helping homebuyers and sellers compete and win.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">The future of buying and selling a home \u2014 available today.<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The expansion of these financial offerings comes at a crucial time for homebuyers and sellers, as record-setting inventory shortages continue to fuel steep growth in home values and intense bidding wars in Texas and across the United States. HomeLight Trade-In\u2122 and HomeLight Cash Offer\u2122 make real estate transactions possible for countless individuals who otherwise wouldn\u2019t be able to compete with traditional financing in today\u2019s competitive real estate market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are <\/span><a href=\"https:\/\/www.homelight.com\/buy-before-you-sell\"><span style=\"font-weight: 400;\">countless stories<\/span><\/a><span style=\"font-weight: 400;\"> of homebuyers and sellers using our products to successfully transact \u2014 whether they\u2019re <\/span><a href=\"https:\/\/www.youtube.com\/watch?v=ZFDgIKz2ksg\"><span style=\"font-weight: 400;\">upsizing from a 1-bathroom starter home<\/span><\/a><span style=\"font-weight: 400;\"> for their family, <\/span><a href=\"https:\/\/www.homelight.com\/buy-before-you-sell\"><span style=\"font-weight: 400;\">looking for their retirement home<\/span><\/a><span style=\"font-weight: 400;\">, making a <\/span><a href=\"https:\/\/www.homelight.com\/buy-before-you-sell\"><span style=\"font-weight: 400;\">cross-country move<\/span><\/a><span style=\"font-weight: 400;\"> with kids and animals, or simply <\/span><a href=\"https:\/\/www.homelight.com\/buy-before-you-sell\"><span style=\"font-weight: 400;\">upsizing a family home<\/span><\/a><span style=\"font-weight: 400;\"> with kids underfoot.<\/span><\/p>\n<p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/ZFDgIKz2ksg\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">The launch of these products comes at a crucial time in Texas\u2019 red-hot real estate market: <\/span><span style=\"font-weight: 400;\">Austin bidding wars continue as some homes <\/span><a href=\"https:\/\/spectrumlocalnews.com\/tx\/austin\/news\/2021\/04\/19\/austin-bidding-wars-continue-as-some-homes-sell-for-20-percent-over-asking-price-\"><span style=\"font-weight: 400;\">sell for 20% over asking price<\/span><\/a><span style=\"font-weight: 400;\">, nearly <\/span><a href=\"https:\/\/houstonagentmagazine.com\/2021\/02\/19\/nearly-a-third-of-houston-homes-face-bidding-wars\/\"><span style=\"font-weight: 400;\">a third of Houston homes<\/span><\/a><span style=\"font-weight: 400;\"> face bidding wars<\/span><span style=\"font-weight: 400;\">, and some Texas buyers have been forced to <\/span><a href=\"https:\/\/www.wfaa.com\/article\/money\/business\/right-on-the-money\/north-texas-real-estate-all-cash-buyers-appraisals-cant-keep-up-bids-100k-over-asking-madness-continues\/287-86dbaaee-fb86-4d74-bbe7-8901a98f2aff\"><span style=\"font-weight: 400;\">offer $300,000 over asking price<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><b>Here\u2019s how it works:\u00a0<\/b><\/p>\n<p><b>HomeLight Cash Offer\u2122<\/b><\/p>\n<p><span style=\"font-weight: 400;\">HomeLight Cash Offer\u2122 gives top agents and their clients the ability to make an all-cash offer on their next home, even if they need a mortgage. HomeLight Home Loans\u2122 verifies the client\u2019s income and assets to determine purchasing power, and once the client and their agent find a home, HomeLight makes an all-cash offer on the client\u2019s behalf and holds the home until the client secures financing. As soon as the client\u2019s loan closes, HomeLight sells the home to the client at the purchase price, plus a small program fee.<\/span><\/p>\n<p><b>HomeLight Trade-In\u2122<\/b><\/p>\n<p><span style=\"font-weight: 400;\">HomeLight Trade-In\u2122 solves another important issue that agents and homeowners face: the ability to buy and sell at the same time, while still capturing the full market value of their home. HomeLight purchases the individual\u2019s home \u2014 typically for 90% of the home\u2019s expected value \u2014 which frees up their equity when they need it before going through a full listing process. HomeLight then lists and sells the home on the market with the agent. If the home sells for more than HomeLight\u2019s purchase price, the company pays the client the difference, less a small program fee.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By unlocking contingency-free transactions, both products have been effective in particularly competitive markets. Based on transactions closed since December 2019, HomeLight Trade-In\u2122 homes have sold for 5% above valuation, closed 5x faster, and helped clients save 3.5% on the purchase price of their new home compared to the traditional method of listing on the market. <\/span><span style=\"font-weight: 400;\">Offers powered by HomeLight Cash Offer\u2122, meanwhile, have saved home buyers up to 4.4% compared to offers with a loan. <\/span><span style=\"font-weight: 400;\">Now, top agents across Texas can use HomeLight Trade-In\u2122 and HomeLight Cash Offer\u2122 products to accelerate their commission and deliver an exceptional experience to their clients. <\/span><\/p>\n<h2><span style=\"font-weight: 400;\">The future of transactions, powered by speed and certainty\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The past year has been unprecedented for our industry. For the homebuyers and sellers looking to transact, it\u2019s been a year of uncertainty and stress as competition for homes has skyrocketed in the wake of the pandemic.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buying or selling a home is one of the largest transactions any of us will make in our lives. We\u2019re proud to offer a solution to help homebuyers and sellers transact with speed, certainty, and simplicity.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ready to sign up for HomeLight Trade-In\u2122 and HomeLight Cash Offer\u2122 to deliver standout experiences to your clients and help them compete? Visit <\/span><a href=\"https:\/\/www.homelight.com\/agents\"><span style=\"font-weight: 400;\">www.homelight.com\/agents<\/span><\/a><span style=\"font-weight: 400;\"> to apply for access.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, we\u2019re excited to announce we\u2019re launching HomeLight Trade-In\u2122 and HomeLight Cash Offer\u2122 throughout the state of Texas to transform how local residents buy and sell homes. The expansion is fueled by a\u00a0$100 million\u00a0credit facility from Credit Suisse, one of the world&#8217;s leading financial service providers. We\u2019ve all seen it: the past decade of innovation [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":24101,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[673,710],"tags":[],"class_list":["post-24089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-our-products","category-industry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>HomeLight Trade-In\u2122 &amp; HomeLight Cash Offer\u2122 launch in Texas<\/title>\n<meta name=\"description\" content=\"Discover HomeLight Trade-In\u2122 and HomeLight Cash Offer\u2122 in Texas. Simplify home buying and selling with speed, certainty, and satisfaction.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.homelight.com\/blog\/homelight-trade-in-and-homelight-cash-offer-launch-in-texas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HomeLight Trade-In\u2122 and HomeLight Cash Offer\u2122 launch in Texas\" \/>\n<meta property=\"og:description\" content=\"Discover HomeLight Trade-In\u2122 and HomeLight Cash Offer\u2122 in Texas. 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