How Does Perch’s Buy & Sell Service Work?

Written By: Adam Ritter, Local Market Expert

May 21, 2019

At Perch, we know that buying and selling a home at the same time can be a huge headache. There’s a lot to worry about, from finding your dream home to getting a great offer on your current home to trying to line up the timing just right.

That’s why we created a way to buy your dream home before you sell your old home, all without the stress and uncertainty of the traditional process. And as a bonus, we guarantee that your current home will sell within 90 days for market price. Wondering how it works? Let’s walk through the Perch Buy & Sell process.

Selling your home? Get a free offer

1. Get your guaranteed sale price

You’ll kick things off by telling us a bit about your home. We’ll use our technology and local expertise to calculate an estimated sale price. Then, after a home visit with your Local Market Expert, we’ll schedule a complimentary inspection to take a closer look. You’ll also receive a copy of your inspection report, putting all of your property information at your fingertips. (Learn more about the benefits of a pre-listing inspection here.)

Based on your inspection results, we’ll refine our estimate and give you a guaranteed sale price to put toward the home you want to buy. The guaranteed price gives you the freedom (and equity) to start house hunting without your home sale holding you back. We’ll also help you begin your mortgage pre-approval so you can get a lender’s expert opinion on your house hunting budget.

It’s time to start shopping! Your Perch Realty Local Market Expert will send you new listings that meet your criteria as soon as they hit the market. After narrowing down your home search to a few of your favorites, we’ll arrange for you to tour them.

In the meantime, we’ll start prepping for your home sale. You’ll sign some documents to confirm that you’ll be working with us to buy and sell your home. You’ll also begin prepping your home for listing to help it sell for top dollar. That includes decluttering and making minor repairs, while we arrange for professional photos.

3. Make an offer

Once you find your dream home, it’s time to seal the deal. Your Local Market Expert will help you negotiate an offer that’s both well-researched and comfortable for your budget. Many homebuyers have to add home sale contingencies to their offer, which means they’ll only buy the home once they sell their current one. Sellers may be reluctant to accept a contingent offer since there’s a chance that the sale will fall through. Luckily, with Perch, your current home is guaranteed to sell so you can make a competitive, contingency-free offer on your new home.

When your offer is accepted, you’ll sign the purchase contract, which includes paying for an earnest money deposit and option fee. Next comes your option period, which you can use for home inspections to get a better idea of the home’s condition. Your Local Market Expert will help you request any necessary repairs or seller concessions. The option period is also a great time to prepare for closing with our recommended partner, Perch Title of Texas.

Find your dream home

4. List your home

Now that your new home purchase is almost a done deal, Your Local Market Expert will officially put your old house on the market. They’ll be reaching out to interested buyers and marketing your home on across the internet, as well as on your local MLS, and directly to our Perch database. They will also host an open house and showings to help bring as many qualified buyers in the door as possible.

Our Local Market Experts are committed to getting you the best offer possible for your home sale. As the bids start rolling in, they’ll work with you through negotiations with prospective buyers.

5. Close on your new home

Let’s make it official. On your closing day, you’ll sign a few documents to sell your current home to Perch at the guaranteed sale price. You’ll also close on your new home, and the title will be transferred to your name. Your keys will be presented to you at the closing table, officially making you a new homeowner! You can stay for free in your old home for up to 2 weeks, so you can move into your new home on your schedule.

6. Sell your old home

As you settle into your new home, there’s no need to stress about selling your old home. Your Local Market Expert will take care of everything, keeping you in the loop with regular updates. We’re confident you’ll receive a strong offer by the end of your 90-day listing period. Once we sell your home, you’ll receive any additional proceeds above the guaranteed sale price. If the market changes or an offer falls through after 90 days, you’ll still keep your guaranteed sale proceeds and Perch will handle selling the home.

And there you have it! The Perch Buy & Sell service is a great way to sell with certainty and buy contingency-free, while still getting top dollar for your home and moving on your own schedule. Ready to get started with the stress-free way to buy & sell? Start by getting your guaranteed sale price:

Start your home sale