SEATTLE--(BUSINESS WIRE)--Flyhomes, the Seattle-based startup reinventing the home buying process, is announcing that they are expanding operations to three new housing markets. Flyhomes is now superpowering the way people buy homes in Boston, MA, Los Angeles and Orange County, CA and Portland, OR. These three markets join Flyhomes existing areas of operation—Seattle, WA, and the San Francisco Bay Area—where they have already helped over 1,000 clients close on over $1 billion in homes bought and sold.
“A home is the single biggest purchase most people will ever make, and the traditional process of making that purchase is fraught with obstacles, stress, and worry,” said Tushar Garg, Flyhomes CEO and Co-Founder. “Our approach—which brings every step of the process under one roof—helps buyers separate fear from risk to make more informed home-buying decisions. We are thrilled to bring our reimagined real estate process to create radically different experiences for homebuyers in Boston, Los Angeles, Orange County, and Portland.”
Created for Competitive Markets
Flyhomes is the only service enabling any qualified buyer to make an all-cash offer on a home in hot markets like San Francisco and Seattle. The three new locations—Flyhomes’ first steps toward their mission to empower homebuyers across the U.S. to make a cash offer on their dream home—were selected due to the relatively competitive nature of their housing markets:
The average home in the U.S. stays on the market for 42 days before they are sold, but in Portland, Boston, and Los Angeles homebuyers have to act much faster.
- In Portland, coveted homes are snatched up in just seven days
- Boston homes are on the market for just 15 days
- In Los Angeles, you have 26 days on average to lock down your dream home
According to Redfin data, the U.S. average listing price for a house is $313,000.
- Portland comes in 43% higher at $449,000
- In Boston, average home prices are 116% higher at $679,000
- Los Angeles prices are a whopping 141% higher at $755,000
According to a recent Redfin report, the 2020 housing market is shaping up to be much more competitive, with one in four offers facing a bidding war. In competitive markets, where houses are on the market for shorter periods of time and have more offers, cash offers give buyers the ability to negotiate better prices. Buyers with cash offers consistently edge out traditional buyers. Unfortunately, very few homebuyers have the capital to do this on their own. Enter Flyhomes.
Products like Cash Offers, Trade Up, Guaranteed Offer, and the ability to waive contingencies give buyers who use Flyhomes a clear edge in the most competitive markets. In fact, Flyhomes won homes for clients 68% more than traditional brokerage firms. Flyhomes has reinvented the home purchase process for buyers at every step. Rather than working with one agent, Flyhomes gives homebuyers a team of expert advisors, armed with smart products so they can clear obstacles to homeownership.
Continued Growth in California
In addition to metro expansions, Flyhomes is announcing it is expanding its offerings in California, with full mortgage services in addition to its current brokerage services.
For more information, visit Flyhomes.com.
Flyhomes is superpowering the way people buy homes. Founded in 2015 by Stephen Lane and Tushar Garg, Flyhomes has reinvented the home purchase process for buyers at every step by clearing obstacles to homeownership. To date, we have helped more than 1,000 people close on more than $1 billion worth of homes using products like Cash Offers, Trade Up, and Guaranteed Offers to give buyers a clear edge in any market. To offer clients a truly seamless experience, the Flyhomes family of companies includes FlyHomes, Inc., and its wholly-owned subsidiaries: FlyHomes Brokerage, LLC, FlyHomes Mortgage, LLC, FlyHomes Closing, LLC, and Madre Homes, LLC (d/b/a FlyHomes Crew). For more information, visit flyhomes.com.