Staff Reports | Dwellings & Multifamily
Homes2X offers homeowners a way to sell their home when they want, get 100% full value with the help of a certified appraisal, choose their closing date and pay no real estate commission at closing.
Homes2X is the newest real estate program developed by attorney, real estate strategist, and TV spokesperson, Greg Hague.
“Continuing high interest rates have suppressed buyer demand, making selling a home more challenging,” Mr. Hague said in a press release.
“I designed Homes2X so any Arizona resident can sell their home with speed, simplicity, and certainty. It’s easy. Homes2X will buy your home for cash, you can close on your schedule, and you pay zero real estate commissions at closing. You receive a full-value appraisal of your home from a certified bank appraiser so you can be sure you are receiving full market value.”
The process begins by obtaining a certified, full value appraisal on the home. This takes two to three days. If sellers wish to move forward, Homes2X will purchase the home at a price close to appraised value, pay off the seller’s loan, pick up all expenses to carry the home, and even allow sellers to stay in the home for a small rental fee.
When Homes2X resells the home, the seller receives all of the profit, less a fixed fee of 1.5% for the service. The only other deduction before the profit distribution to the seller is a holdback reserve to cover the cost of the real estate commission and carrying expenses until resale, which sellers would incur anyway if they sold traditionally. Sellers pay no real estate commission when Homes2X acquires their home, which is why it’s in a holdback reserve for resale.
If Homes2X carrying expenses are higher than expected because a home takes longer to sell, Homes2X does not increase the reserve.
“Since we pay off our client’s home loan and cover property taxes, homeowner insurance, utilities, and any home repairs prior to our resale, our clients can save more than the cost of our service,” Mr. Hague said.
For up to 60 days, Homes2X sellers are permitted to use the appraisal and Homes2X purchase offer, without accepting it, as negotiating tools to market their home and try to find a higher-paying buyer.
“You can sell when you want, close when you want, pay no real estate commission at closing, have your home loan paid off, have Homes2X cover the expenses of owning your home, and even stay in your home to have time to find your next house,” Mr. Hague said. “Then, when we resell your home, you get a second check for our profit, less the small fee for our service. I designed Homes2X to be the ultimate home selling solution, a real estate Uber in an industry of taxis.”
