Homie
| File:Homie Real Estate Logo.svg | |
| Privately held company | |
| ISIN | 🆔 |
| Founded 📆 | 2015 |
| Founder 👔 | Johnny Hanna, Mike Trionfo, and Mike Peregrina |
| Headquarters 🏙️ | Utah, United States |
Area served 🗺️ | Utah and Arizona |
| Members | |
Number of employees | 200 |
| 🌐 Website | http://www.homie.com/ |
| 📇 Address | |
| 📞 telephone | |
Homie is a real estate brokerage that utilizes the Internet as a marketing medium with the use of real estate technology to streamline the home buying or selling process. It was founded by Johnny Hanna, Mike Trionfo and Mike Peregrina in 2015.[1] Its products and services aim to provide real estate tools for home buyers and sellers.
Founding
In 2015, Homie was founded to modernize real estate transactions and pass the savings to its customers by removing thousands in fees and commissions.[2] With an official launch in June 2016,[3] the goal is to allow buyers and sellers to gain more transparency and control over the process while still obtaining the support they need from Homie’s team of licensed agents, attorneys, and experts. Homie received an $18.5 million valuation from a seed round of funding shortly after its launch and has grown quickly since then.[4] As of 2020, the Homie team has grown to over 200 salaried employees. The company launched in Phoenix, AZ in 2018[5] and is planning on expanding nationwide.
Buying
Homie offers a simple digital solution to the often complicated real estate process. This includes a team of licensed real estate agents and specialists.[6] With rapidly increasing home prices and a limited number of homes for sale, Homie was able to create a niche in the real estate industry—helping homebuyers find a home within their budget.
Selling
Homie offers home sellers a platform to sell their homes for one flat fee. While not an FSBO (for sale by owner), Homie does employ licensed, experienced agents and is a licensed brokerage.[7] However, they forgo the traditional commission fees. This includes a local real estate agent, listing on MLS and other platforms, professional photos, yard signs, pricing assistance (CMA), an interactive mobile app, attorney assistance for contracts and negotiations. On average, Homie saves sellers over $10k per transaction.[8] Homie also guides clients throughout the selling process. According to a recent independent Utah real estate study, homes listed with Homie sell faster and for more money than similar homes listed by traditional brokerages.[9]
Latest News
Homie plans to expand to more cities with $23 million in Series B funding. After its adoption from younger, first-time home buyers in Utah and Arizona markets, Homie now plans to explore opening up in three new markets and will begin a Las Vegas launch in March 2020.[10][11]
References
- ↑ Raymond, Art (2017-06-17). "Utah's Homie roils real estate with new business model". Deseret News. Retrieved 2020-01-28.
- ↑ "Salt Lake Home Expo: How Homie saves you money when buying and selling". fox13now.com. 2019-04-25. Retrieved 2020-01-28.
- ↑ Raymond, Art (2017-06-17). "Utah's Homie roils real estate with new business model". Deseret News. Retrieved 2020-01-28.
- ↑ "Utah's Homie is disrupting the real estate world". www.ksl.com. Retrieved 2020-01-28.
- ↑ Blufish (2019-09-10). "Homie is expanding operations in Arizona". AZ Big Media. Retrieved 2020-01-28.
- ↑ Christensen, Lisa (2018-04-20). "How Homie made a home in a new market". Utah Business. Retrieved 2020-01-28.
- ↑ "Peer-to-peer real estate marketplace Homie wants to replace your realtor with a bot". TechCrunch. Retrieved 2020-01-28.
- ↑ "ADDING MULTIMEDIA Academic Study Reveals Homie Is Selling Homes Faster and for More Money Than Traditional Real Estate Brokers". finance.yahoo.com. Retrieved 2020-01-28.
- ↑ "ADDING MULTIMEDIA Academic Study Reveals Homie Is Selling Homes Faster and for More Money Than Traditional Real Estate Brokers". www.businesswire.com. 2020-01-24. Retrieved 2020-01-28.
- ↑ "Real estate startup Homie plans to expand to more cities with $23 million in Series B funding". TechCrunch. Retrieved 2020-02-06.
- ↑ Raymond, Art (2020-02-04). "Real estate disruptor Homie scores $23M, is poised for market expansion". Deseret News. Retrieved 2020-02-06.
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