Homeshake is a real estate company that is transforming the way people buy and sell homes. A liberation from the old way of doing things, we replace the traditional model of agents and commissions with a simple and hassle-free experience that brings people together to reach a common goal.
Traditional real estate brokerages require a 6-month listing contract and charge 6% of the sale price, meaning they take a variable portion of homeowners’ hard-earned equity. Despite the hefty price tag, many customers are left feeling disappointed and frustrated.
Homeshake is with you from start to finish. We’ve already built the meat and potatoes of your home profile and, in just a few clicks, you can be Ready to sell, Not for sale, or Coming soon. Use our tools and tech every step of the way, from direct messages to title services, without any additional charge. The best part? You only pay when the deal closes.
When you remove commissions from the equation, everybody wins. Buyers pay a lower price because sellers can accept less but keep more than they would using an agent. The result? You get your dream home AND a better deal.
Plus, you’ll always know what’s around the corner. Once you find your home, there’s no need to find legal support or closing services.
A dual agent maintains a neutral position between buyer and seller, and may not advocate the position of one party over the other or disclose any personal or confidential information without consent. Homeshake is exclusively a dual agent, providing professional service and support to both buyer and seller throughout the process. In other words, we’re all on the same team.
Every Homeshaker has freedom to customize their experience. Go ahead and show off your home wherever you can! We just ask that if you find your buyer or seller on Homeshake, you stick with us through the end.
Homeshake charges a flat $1,000 fee to both the seller and buyer. We also offer professional photo, video, and floor plan packages. When closing on your home, however, you will pay, including some unavoidable, third-party expenses and government fees that come along with any real estate transaction.
Tech development, professional customer service, running a business, and some profit!
Owner’s Title Insurance Policy
The premium associated with the policy that insures good title to the home that you have sold to the buyer. The premium is determined by purchase price. Why am I paying for this?
A county tax for the transfer of ownership of real estate.
A fee charged for the preparation of the deed to the home that you are selling.
A fee charged to ensure the prompt recording of closing documents.
A fee charged for the preparation of the title company’s promise to issue a title insurance policy upon closing.
There may be other costs you will need to pay at closing, but these will depend on your unique circumstances, like whether your mortgage is getting paid off. These costs are not native to Homeshake and will always be paid to third parties.
An owner’s title policy protects a buyer from title issues, even if they arise after the sale. At Homeshake, an owner’s title policy is included at closing so buyers have protection and peace of mind that the title to the home you’ve sold is clean.
Tech development, professional customer service, running a business, and some profit!
A fee charged by the closing agent to cover closing services, customer service, and general business expenses.
A fee paid to the title examiner to review and report on all public records affecting title.
Fees charged by the county to record a deed, making your purchase of the home a matter of public record.
Lender’s Title Insurance Policy
If you are getting a loan, it is likely the lender will require a lender’s title insurance policy that insures the lender’s mortgage interest in your home. The premium associated with the policy is determined by purchase price.
There may be other costs you will need to pay at closing, but these will depend on your unique circumstances, like whether you are getting a loan. These costs are not native to Homeshakeand will always be paid to third parties.
Your comp report will be available shortly after you link your account to your home, no matter if you’re Not for sale, Coming soon, or Ready to sell! We’ll send you an email when the report is ready and make it available on your home profile for buyers to see.
With approximately 1% of homes listed on MLS, chances are your dream home exists in the other 99%. Browse Coming soon homes, express your interest to homeowners before they’re even Ready to sell, and be the first to know when they make the switch.
Each seller’s circumstances are unique, so a seller can remain totally negotiable for a variety of reasons. Typically, a seller would not set a Minimum Price or Target Price if they want to work directly with buyers to determine the value of their home.
Ready to sell means For Sale. In other words, it’s go-time. We recommend completing your home profile with photos/video/story, opening your mailbox, and enabling tours so buyers can message you directly or request a tour. Don’t forget a yard sign!
Sellers Coming Soon helps you sell your home BEFORE your house is for sale. Homeshake is the only place to pre-market your home and build the buzz for weeks or months in advance. While you are painting the bedroom and cleaning out the garage, Homeshake is creating a waitlist of interested buyers. It’s easy!
1. Set your status as Coming Soon and select a For Sale date (e.g. April 2021)
2. Gradually update your home profile with story, photos, and video
3. Get messages, tours, and offers from motivated buyers during Early Access period (one week prior to For Sale date)
The best part? Change your status or cancel anytime - no cost, no contract, no strings attached.
Buyers Coming Soon helps you find homes for sale BEFORE they hit the market. Homeshake is the only place that gives you early access to an exclusive inventory of coming soon homes. It’s easy!
1. Sign up and “like” a coming soon home
2. Be the first to receive information including price and photos
3. Get VIP access to message, tour, and make an offer during Early Access period (one week prior to For Sale date)
The best part? It’s free!
Not for sale means Off Market. These homes have been claimed by the homeowner but are not actively for sale or coming soon. In some cases, the homeowner has turned on their mailbox and is open to receiving a message from interested buyers. You never know! Many homes are sold in private sales and off market deals - before they ever reach the market.
Yes! You can update your home profile or change your status anytime, no strings attached. Every home profile also includes a free dashboard so you always know how many people are looking, liking, and sharing!
Homeshake offers various professional packages to help buyers envision themselves in your home. Packages include beautiful HD photography and videography as well as state of the art, interactive 3D virtual tours, drone videography, and floor plans.
To purchase, navigate to your home's editable profile where you will find pricing and be able to choose your package.
*Please note that if you choose to add the drone option to your package, our team will need to review the FAA permissions at your home address. Drone video shoots may be scheduled for a separate time depending on weather and flight conditions. If it is determined that FAA regulations do not allow drones to fly at your home address, we will refund the Drone amount in full.
To message a seller directly, simply go to the home’s profile and click Contact Homeowner. The homeowner will receive your message in their Mailbox, accessible from the dropdown menu in the top right corner of the page, and will be able to respond to you directly using the website. Each time a user receives a message on the Homeshake website, they will be notified via email.
Tour requests will appear in your Mailbox, navigable from the dropdown menu in the top right corner of your page. For each request, you’ll see buttons to Accept Tour or Deny Tour and message the buyer directly to propose any changes. If something changes after a tour is scheduled, you can reschedule or cancel the tour directly from your Mailbox.
A buyer is required to provide their name, phone number, photo ID, and credit card prior to requesting a tour. Sellers may also indicate that they would like buyers to upload a prequalification letter or proof of funds. However, uploading either remains optional for buyers.
The Consumer Guide to Agency Relationships is just that: a guide. As a new customer, it is important to understand Homeshake's role in your journey to a new home. Homeshake acts as a dual agent for all buyers and sellers. This means that Homeshake will maintain a neutral position between the parties and will provide the support each party needs along the way.
The guide contains a formal explanation of dual agency. By acknowledging the document, you are not obligated to work with Homeshake. However, Ohio law requires that we present the document to you for acknowledgment.
A comp report is shorthand for a comparable sales report — a collection of the sale prices of recently sold homes in the area. Homeshake provides a comp report that includes recent sales, along with current market value estimates for the home you are viewing.
Sellers can use comp reports to estimate the price they are willing to accept for their home, while buyers can do the same for what they are willing to pay for a home.
On each home profile, you’ll see the option to Make an Offer. When buyers select this option, they will be prompted to input five key points, the major terms of the deal. These fields create a Letter of Intent (LOI), which is then sent to the seller as an offer.
A letter of intent is a non-binding agreement that outlines the major terms of the deal. An LOI is often used in negotiations to align the parties on key points. Once agreed, the next step is to create a formal contract that includes those key points, along with important legal terms.
Customers can accept, counter, or reject an LOI and create a contract, all through the website.
The five key points are (1) purchase price, (2) whether the purchase price will be financed by a lender or paid in cash, (3) the inspection period, (4) any personal property that will remain with the home, and (5) the closing date.
Homeshake is a dual agent, meaning we maintain a neutral position between the seller and buyer. Although we cannot specifically advocate on the behalf of either party, we can offer guidance on the fairness and reasonableness of the deal.
Offers will appear in your Mailbox, navigable from the drop down menu in the top-right corner of your page. Sellers will see three buttons below each offer: Accept, Reject, and Propose Counter Offer. Select the one that applies.
Once the seller accepts an offer, the agreed-upon terms of the LOI will be incorporated into a contract. Everyone will receive a copy of the contract to review and e-sign. Once everyone signs, you’re in the home stretch!
Upon receiving an offer, a seller has the option to counter the terms proposed by the buyer. To do so, sellers can choose Propose Counter Offer in their Mailbox and input the terms of the counter offer. The buyer will then receive the counter offer in the Offers section of their Mailbox and will be notified via email.
Yes! When countering any offer, you will be prompted to review each of the five terms again. If you would only like to counter specific terms, simply change the terms you would like to counter. Then click Send my Offer and you’re off to the races!
Homeshake encourages buyers to plan their financing of the home carefully before making an offer.
Homeshake’s contract sets earnest money at the industry standard of one percent of the sale price. Upon execution of the contract, Homeshake charges the buyer’s credit card for this amount. This money is held in escrow by Homeshake and is either applied to the purchase price of the home or disbursed in accordance with the contract. If the buyer decides not to purchase the home within the inspection period, the earnest money will be returned to the buyer. If the deal falls through because the buyer isn’t able to pay the purchase price, and doesn’t otherwise have a valid right to terminate, the seller will be entitled to the earnest money.
Can Homeshake help me find a lender?
Park National Bank provides buyers with 24 hour pre-qualification for mortgage loans. If you are interested in getting pre-qualified for a loan, click here.