Flyhomes Designs The Antidote To Homebuyer’s Remorse – NMP Skip to main content

Flyhomes Designs The Antidote To Homebuyer’s Remorse

Katie Jensen
Aug 26, 2021

If buyers don’t love their home within the first year — for any reason — Flyhomes will list the home on their behalf and waive their commission.

KEY TAKEAWAYS
  • Nearly two-thirds (64%) of millennial homebuyers who purchased their new home during the pandemic, ended up having buyer’s remorse. 
  • The average number of days a home stays on the market before being sold is 17 days, which is nearly half of last year’s average of 43 days.
  • Flyhomes recently launched the Flyhomes Guarantee for Buyers, designed to be the antidote to homebuyer’s remorse.
  • The guarantee is that if buyers don’t love their home within the first year, Flyhomes will list the home on their behalf and waive their commission.

Real estate markets across the country are selling faster than ever, leading first-time homebuyers to make quick decisions they may regret later on. In fact, a study from Bankrate found that nearly two-thirds (64%) of millennial homebuyers who purchased their new home during the pandemic, ended up having buyer’s remorse. 

Buyer’s remorse is an unfortunate predicament that happens from time to time, typically because the buyer feels rushed to make a decision. Only afterwards do they realize the deal doesn’t suit their budget or housing needs. In today’s red-hot housing market, where homes are getting sold in a matter of days and bidding-wars are fueling intense competition, homebuyers are under unbelievable pressure. According to the National Association of Realtors, the average number of days a home stays on the market before being sold is 17 days, which is less than half of last year’s average of 43 days. 

Luckily, a company called Flyhomes recently launched the Flyhomes Guarantee for Buyers, designed to be the antidote to homebuyer’s remorse. The guarantee is that if buyers don’t love their home within the first year, Flyhomes will list the home on their behalf and waive their commission. Homeowners can decide to list for any reason with no special penalties. This should provide enormous relief to buyers who wind up regretting one of the biggest financial decisions of their lives. 

“In this environment, buyers must make a huge decision about one of the most basic human needs, shelter, within a few hours of their first viewing,” said Tushar Garg, co-Founder and CEO of Flyhomes. “This can cause uncertainty and anxiety in the process, and potentially regret afterward. We’ve made it our mission to eliminate these things from the experience. Our team of real estate experts does their best to ensure that clients get it right the first time. We can't take all the risk and cost out of buyer’s remorse, but we can do our best to be there as great partners and alleviate the pain. No one should live with buyer’s remorse on their home.”

When a client uses Flyhome Guarantee services, Flyhome will provide an all-inclusive listing service and waive its commission fee. The buyer only needs to compensate their agent (2.5% to 3%) and pay applicable excise taxes and seller closing costs. 

Additionally, if their home qualifies, clients can use the Buy Before You Sell program to buy their next home using Flyhomes Cash Offer before selling their current one. 

To learn more about Flyhomes and the products they offer, visit the Buy Before You Sell page on the Flyhomes website.

Published
Aug 26, 2021
Tap Into A Growing Market Share Of Underserved Borrowers With Newrez's Smart Series

Introducing… Newrez’s Smart Series loans, including SmartSelf, SmartVest, and SmartEdge.

Sales and Marketing
Jun 23, 2022
Eyes Are Windows To The Soul

Eye contact is important in both verbal and non-verbal communication

Sales and Marketing
Jun 16, 2022
Paying It Forward Within The Industry

Mentor young LOs by sharing best practices they may be missing

Sales and Marketing
Jun 16, 2022
Are You Allowing Good Loans To Die?

There are plenty of ways through down payment assistance to save loans currently being turned down

Sales and Marketing
Jun 16, 2022
The Conundrum Of Coaching Loan Officers

Steps to understand why new loan officers are not producing

Sales and Marketing
Jun 16, 2022
The Power Of Appreciation

Companies with above-average customer experience perform better financially

Sales and Marketing
May 16, 2022