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Hutsy — The easiest way to buy a home
We've built a real estate brokerage from the ground up to make your home buying process smooth, easy, and transparent.
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Replies
Maker
@rrhoover Thank you! Definitely seems like there's a third wave of RE startups (first one being Zillow/Trulia/Redfin, second one being Compass/Opendoor)!
Guess RE comes next after Fintech for tech disruption :)
@rrhoover @abhiroop_cvk "companies are disrupting lending practices and real estate" sounds like something that could have been written in 2007.
Are we just going to do this whole thing again?
My #1 obstacle to buying a home has been the lack of ability to make an all-cash offer. In NYC, nearly every winning offer is all-cash -- so this will be absolutely essential. Thrilled to see you coming to NYC, and please let me know when you get to LA as well. No brainer.
This is a great idea! Buying homes and competing for them is difficult enough. I bet a lot of Realestate investors will jump on Hutsy to secure great priced homes really fast, before someone else can.
There are many alternatives to Hutsy. If you analyze the offers on other sites, you will see that there are better deals than Hutsy offers. For example, take a look here https://betterestimate.com/real-...
In today's housing market, having the flexibility to move lightening fast is key to getting your dream house. Great idea!
Maker
@oscar_adelman Thank you Oscar! Hoping to empower many home buyers with that flexibility that’s needed :)
Nice! Reminds me of Ribbon (ribbonhome.com) and Knock (knock.com).
@abhiroop_cvk could you help me understand the different between those two (especially Ribbon) and Hutsy?
Maker
Hey Product Hunt fam :)
Thanks @katmanalac for hunting us!
Rashid and I met in college and spent 2 years working on software for real estate brokerages. Our software helped manage over 2500 transactions, and over $600 million dollars in property. While it was a successful product, the most important thing we learnt was that in order to make the huge positive impact on y’all (home buyers/sellers/owners) that we wanted to, we needed to build a new brokerage from scratch that prioritizes your biggest pain points, while optimizing an internal brokerage model tech.
Hence, our first biggest value proposition to you is being able to make a cash offer when buying your home. When you use one of our agents to purchase your next home, we’ll use our own cash to make an all-cash offer, buy your home and reserve it until your financing comes through.
The average mortgage underwriting process takes 45-60 days, which turns sellers off. You can win a home for, on average, 5% cheaper and close much faster with an all-cash offer because it is much more lucrative to sellers. We want to give you the chance to make competitive offers, and save you a ton of the headache of home buying.
Our business model is very simple and transparent. We keep our costs low, and remain profitable off of the standard agent commission that we collect from the seller. We put you on a 6 months lease at 1.35x fair market rent that terminates upon secured financing to cover our costs.
We’re rolling out in Texas first, and will be coming to NYC and Bay Area markets shortly. If anyone has questions or feedback, we’d love to chat! We’ve been able to come this far only because of all the support of our peers and mentors, and would now love to garner your support so that we can continuously improve and bring you the perfect home buying, selling and ownership experience :)
Dealing with real estate brokers in NYC is a giant pain in the ass. The market is so competitive here that it all comes down to cash offers– those offers guarantee the seller that the deal will close and the cash will be in their pockets ASAP.
It's SO great to finally see a "broker" working directly with the buyer to figure out financing, or at least giving them the flexibility to work it out later on. In NYC you have to show up prepared to buy the home immediately with suitcases of cash in hand, or else the home goes to someone else. Hutsy can help those without suitcases of cash invest in real estate. I think it'll really help level the playing field.
Super excited about this product, definitely following!
Maker
@quinnrobertson1 Yes!! Excited for the possibilities :) You’ve articulated everything we’re striving for super accurately, and that’s really nice to see as a founder, to know we’re on the right track! Thank you!
Being able to make a cash offer can make a real difference when buying a home. Great idea.
This is fascinating! Not looking to buy a home quiet yet, but this feels especially important if I’m looking to do so in the Bay (specifically East Bay). When do you plan to expand to CA?
And what’s the catch? Seems almost too good to be true 😉
Maker
@ben_stanfield Yes definitely! Bay area is a toughy :) Should be coming to CA by the end of the year!
And there is no catch, our business model is simple :) As soon as you find a home, we negotiate for the best price on your behalf, and make a cash offer for you. We collect the standard agent commission from the seller, and you can move in immediately. We’ll put you on a 6 months lease for 1.35x fair market price, where the lease terminates as soon as you secure financing. This way, we can cover our costs, while you work to secure financing!
We win when you win!
This is incredible! One of the biggest reservations with buying a home in highly competitive housing markets is the inability to make an upfront cash offer so this’ll go a long way for so many people! Can’t wait to see this expand across the country and even globally.
Great idea for when you've found that perfect new home...... but you need to sell the existing residence first! Been there and missed out. Glad to see this!
This sounds exactly like UpEquity (https://www.upequity.com/). If you are considering Hutsy, I recommend you take a look at UpEquity too
Maker
@william_craig hey William, we’re in touch with the team at UpEquity, they’re doing amazing stuff!
We both operate slightly differently, we’re a brokerage, and they’re a mortgage company. You could use both in the same transaction for the best experience ☺️
I did not come across similar services, unfortunately. I recommend looking for sites with detailed offers, such as https://korter.ae/. This is a pretty good company, about which I have heard many positive reviews. Here, you will find an apartment or villa for every taste and with different price ranges.
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