Home Bay Technologies Brings Florida Home Sellers and Buyers Significant Costs Savings with a No Commission Fee Model

SAN DIEGO, Oct. 10, 2017 /PRNewswire/ -- Home Bay Technologies Inc., a technology-driven real estate company, expands to Florida. Home Bay offers consumers a new way to buy and sell homes without commission fees, saving its customers an average of $16,000 per transaction.

Proprietary technology enables significant cost savings, while automation and efficiencies streamline the real estate transaction. Home Bay passes savings directly to consumers by charging a low flat rate of $2,000 to $3,500 per home sale, in lieu of the standard 3% commission charged by traditional agents to sell a home.

Buyers who use Home Bay receive 50% of the buyer agent commission upon purchasing a home. For both buyers and sellers, Home Bay employs a centralized team of licensed agents to advise consumers through each step of the transaction.

The company is delivering better results than a traditional real estate agent. This season, homes listed with Home Bay sold 23 days faster and for $13,771 more than the industry average. Additionally, 94% of homes sold through Home Bay sold in less than 90 days.

"Consumers using traditional agents are a very dissatisfied group. Even when consumers like the agent, they understandably hate the fees. Intuitively, consumers understand that three to six percent of the price of their home is way too much.," said Tom Owen, co-founder of HomeBay. "Based on our strong adoption and success, we believe consumers are eager for a superior solution at a fraction of the cost."

About Home Bay Technologies Inc.  
Home Bay Technologies Inc., a San Diego based company, provides consumers a smarter way to buy and sell homes with data-driven intelligence, complete transparency and an on-demand customer experience. Home Bay's sophisticated platform expedites the transaction with efficient, seamless systems that save consumers and real estate agents time and money. For more information, visit HomeBay.com.

SOURCE Home Bay Technologies Inc.

Related Links

https://www.homebay.com