Today, there are hundreds of websites that make it easier for buyers and sellers alike to navigate the complications of real estate. Some help buyers find their dream homes, some connect potential sellers with agents, and many offer concierge services to make the entire process simpler.
HomeLight is a full-service website that began by presenting and ranking Realtors based on data. Today, that remains their core service but millions in venture capital has helped HomeLight expand its services and offerings to both buyers and sellers. Users have offered many HomeLight reviews, which we use to examine HomeLight as a service.
HomeLight is an online real estate company that offers a core service of matching home buyers and sellers with real estate agents in their local area. It facilitates interviews and agent comparisons so you can find the best real estate agent for your situation.
Like all other agent matching services, HomeLight is free to use until you鈥檝e formally signed up. Of course, you鈥檒l have to pay commission fees for your agent. Unlike other services, however, HomeLight doesn鈥檛 offer a discount on commissions, so you鈥檒l still pay the same as you would if you found an agent on your own.
In addition to referral fees from the core agent matching service, HomeLight makes money through offering home loans, trade-ins to simplify buying your next home, and, what it calls 鈥渢he first instant buyer marketplace,鈥 Simple Sale. This is by far its biggest service beyond agent matching.
Basically, Simple Sale competes with Zillow and Opendoor, referring homebuying companies that are willing to pay cash for properties to sellers that are looking to move quickly. By offering to be a middle-man, HomeLight earns a commission. Motivated sellers, however, might get a better offer by cutting out the middle-man and going directly to a cash-for-homes website.
HomeLight鈥檚 agent matching service is pretty straightforward, helping you find a list of local agents within minutes based on factors like your location, target price range, and desired sale timeline. The process is similar for both buyers and sellers:
HomeLight provides information about agents including their experience, brokerage, the number of homes they鈥檝e sold in your area, any achievements they鈥檝e earned, and how many HomeLight clients they鈥檝e worked with.
You can speak with any agent by phone, email, or through HomeLight鈥檚 chat platform if you鈥檇 like to interview them. Most of the time, though, agents will reach out to you first to pitch themselves. Within a few hours, a HomeLight concierge may contact you to discuss your matches if you haven鈥檛 made a choice right away.
Basically, as soon as you use HomeLight鈥檚 service, you will be inundated with marketing materials so make sure you鈥檙e ready to buy or sell before going through the process. If you鈥檝e ever felt overwhelmed after clicking anything on Zillow, expect the same from HomeLight.
Using the basic agent matching service is free except for the time you鈥檒l spend sorting through the spam. HomeLight gets paid after you sell or buy a home.
However, unlike some other services, HomeLight doesn鈥檛 offer any discounts on agent fees. You鈥檒l still pay the full commission and the agent will pay a referral fee to HomeLight for connecting you with them.
Some of HomeLight鈥檚 other services, however, like HomeLight Trade-In and HomeLight Simple Sale will cost fees depending on the sale.
HomeLight is a legitimate business. It鈥檚 the largest agent-matching service in America and a licensed brokerage based out of San Francisco. All agents on the service are required to have an active broker license.
Although it is not accredited by the Better Business Bureau (BBB), it does have an A rating and a 3.95/5 customer rating. Those are pretty decent reviews and speak to the service that HomeLight offers both real estate agents and potential homebuyers and sellers.
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