4.4
Editor's Rating0
User Rating (0 Reviews)Homecoin is a Flat Fee MLS listing platform. They allow homeowners to list their property on the MLS without a traditional commission-based agent. The platform helps home sellers cut agent commission and reach buyers on major real estate websites.
Pros
Cons
Homecoin is a Flat Fee MLS company based in San Diego, California. They get your property on the MLS and other real estate websites like Zillow, Trulia, and Redfin starting from $149. With this maximum exposure, your chances of securing the highest possible deal increase.
However, all these benefits come at a trade-off. Homecoin’s flagship $149 package lacks essential services like professional photography and a lockbox. These can be added later for an extra fee. So, you end up paying way more than just $149.
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✍️ Editor’s Take: For most home sellers, we recommend a home sale with Houzeo. Their comprehensive packages start from $249 and cover all the selling aspects. Furthermore, you get access to Houzeo’s stellar technology and an easy-to-use mobile app to select the best deal for your home. Compare Homecoin vs. Houzeo.
Key Takeaways
- Homecoin is a flat fee real estate brokerage that help home sellers list on the MLS for a low upfront cost.
- Average Rating: Homecoin has a 4.5 out of 5-star rating across Google and Yelp, based on around 300 reviews.
- Pros: Flat fee pricing, MLS exposure, seller control, and cost savings on commission.
- Cons: Limited agent support, fewer hands-on services, and add-on fees for extras.
- Homecoin Coverage: Operate in 30 states, with stronger presence in Texas, California, Florida, New York, and Arizona.
- Homecoin Alternatives: Houzeo, Flat Fee Group, and Sundae.
Homecoin.com Reviews
Homecoin has a 4.4 out of 5-star rating on Google based on 154 reviews. They have also received a 4.7 out of 5-star rating on Yelp, based on 144 reviews.
Below are some positive Homecoin reviews and Homecoin complaints, and issues.
Homecoin Reviews: Praises
✅ John Barrett had a positive experience with Homecoin.com. The company listed their Nashville property on the MLS within a few hours for $149. They also appreciated the quality of customer support.
Listing our property on the MLS using Homecoin.com has been a truly awesome experience! It only took me a few hours and a few emails and calls to customer support and then BAM! We had our property listed on the MLS here in Nashville and it looks Great! We paid $149 which is unbelievable and what’s even more unbelievable is the quality of their customer support team. I honestly have not experienced this high level of customer support/care in many, many years.
Source: Google
✅ Ana L. found Homecoin.com quite helpful. They could get nearly 3 offers per day within a week after opting for Homecoin.com.
I appreciate that this service exists. We’ve tried SBO using other free services and had trouble finding serious buyers. Within a week of adjusting our asking price to a objectively more realistic figure, we had two, nearly three offers in one day. So far so good. I would trust this service.
Source: Yelp
Homecoin Reviews: Complaints
❌ Darlon did not recommend Homecoin. They said the platform does not show owner contact information. Even through Zillow, Homecoin does not share owner details.
The website claims to publish listings for sale by owner, but in reality the owner’s contact information never appears. Even if someone reaches out through Zillow, for example, the owner’s contact details are not shared. For this reason, I do not recommend this website.
Source: Google
❌ Ilich Vahimi did not have a pleasant experience with Homecoin.com. They shared that the company’s customer support takes a lot of time to resolve queries.
Awful to work with, the customer support takes too long, avoid at all costs!
Source: Google
Pros and Cons
Here are the pros and cons of selling with Homecoin:
✅ Pros
- Upfront Fee: Homecoin lists your property on the MLS for a flat fee of $149. This helps you avoid paying thousands in agent commissions and saves you money from the start.
- Digital Automation: You can complete all listing paperwork online through Homecoin’s website. The process is simple, fast, and doesn’t require printing or scanning.
- Quick Listing: Once your documents are submitted, Homecoin can get your property listed on the MLS within 24 hours. You can start attracting buyers almost immediately.
- Free Cancellation: You can cancel your listing at any time without extra fees or hidden costs. No commitments or penalties.
- Market Exposure: Your listing is shared with major real estate sites like Zillow, Redfin, Trulia, and Realtor.com, helping you reach more potential buyers.
❌ Cons
- Overpriced Add-ons: Homecoin’s à la carte services come at a hefty price. Other companies offer services like the yard sign and the lockbox for much less.
- Minimal Customer Support: Homecoin may not provide a hand-holding experience. You might have to handle most tasks yourself.
- Lack of Comprehensive Assistance: The $149 package doesn’t provide holistic assistance to help you sell with ease. If you are a first-time seller, this could be a big drawback.
Is Homecoin Legit?
Yes, Homecoin is a legitimate Flat Fee MLS company founded by Jon Minerick. The company is headquartered in San Diego, CA. Additionally, homecoin.com is the business name used by Apaus, Inc., the company that owns and operates the platform.
Homecoin has a profile on Better Business Bureau, but it is not accredited. We could not find any Homecoin reviews on the platform. To get an overview of their past performance, you should check their Google and Yelp profiles.
Homecoin Coverage
Homecoin now offer services in 30 states across the US. Their coverage spans major real estate markets and mid-sized states. Key markets include Texas, California, Florida, New York, and Arizona.
While Homecoin covers a significant portion of the country, many sellers still might not be able to avail of their services. In such situations, sellers can consider Houzeo, which operates nationwide.
How to Sell With Homecoin?
If you wish to sell your property with Homecoin, follow these 4 simple steps:
- Enter Details Visit Homecoin.com and enter personal and property details like street address, zip code, state, etc., and click “start your listing”.
- Choose Add-Ons: After submitting the details, select the add-on services available in your state. In short, customize your plan as per your needs.
- Make Payment: Pay the total fee, which includes the flat fee and the cost of the chosen add-on services.
Once you complete this process, Homecoin will list your home on the MLS and other real estate websites within 1 business day. Moreover, you can download the required forms and documentation from their portal.
Homecoin Pricing and Plans
Homecoin’s main package costs $149. They also provide “MLS listing Help” packages for $99 and $299, plus the standard $149 MLS listing fee. In these listing help packages, you’re charged for assistance like a dedicated staff member, review, or common errors, etc.
Other services like professional photography ($182), signpost rental ($99), and lockbox ($125) rental are available à la carte, i.e., you need to pay separately for them.
This à la carte system might allow you to customize your plans. However, it could increase the overall cost of your package. As a result, your net savings might be on the lower side.
» What’s My Home’s Value: You can know your home’s market value with Houzeo’s free Home Worth Estimator. It helps you estimate the amount you will get upon sale.
Homecoin Competitors
Homecoin has various competitors. We have selected them based on three metrics: package, transparency, and speed.
» Jump to: Homecoin vs. Houzeo | Homecoin vs. Flat Fee Group | Homecoin vs. Sundae
1. Package: Homecoin vs. Houzeo
Homecoin offers MLS listing services at a budget-friendly flat fee of $149, helping you save thousands in agent commissions. However, many essential services like pricing assistance or contract help are available only as paid add-ons, which can increase your selling costs.
Houzeo is also an FFM company. Their packages include key services like open houses and house showings. In short, you get all essential services in your selected package without any extra cost.
| Features | Homecoin | Houzeo |
|---|---|---|
| Listing Fee | $149 | $249 onwards |
| Customer Rating | 4.5 stars (154 reviews) | 4.9 stars (11,247+ reviews) |
| Coverage | 30 states | Nationwide |
| Showings Management | ❌ | ✅ |
| Offer Management | ❌ | ✅ |
| Counter an Offer | ❌ | ✅ |
| Request Highest and Best Offer | ❌ | ✅ |
2. Transparency: Homecoin vs. Flat Fee Group
Homecoin offers MLS listing services at different prices in different states. While this information is present on their website, it’s presented in a slightly unclear manner.
On the other hand, Flat Fee Group is a network of licensed brokers. They provide MLS listing services at different packages for each state. However, they are much more transparent and clear about their pricing with customers.
3. Speed: Homecoin vs. Sundae
Homecoin lists your property on the MLS. Your selling timeframe depends totally on your willingness to accept the offer, market fluctuations, etc. Therefore, it is variable.
Sundae, on the other hand, is a cash-buyer marketplace. Like most cash buyer marketplaces, they provide you with quick cash offers, i.e., within 7-10 days. If you’re on a time crunch, Sundae might be a better option.
Flat Fee Listing Services Near Me
Homecoin Reviews: Should You Sell With Them?
Yes, you may sell with Homecoin. Their flagship $149 package is definitely attractive. However, their package is most beneficial for experienced sellers who don’t require expensive add-ons.
First-time sellers usually need more guidance to close the sale. Therefore, they should look for comprehensive, all-inclusive packages that help them achieve a smooth sale.
We recommend selling your property through Houzeo. With Houzeo, you not only get top-notch tools but also stellar customer support to clear all your queries.
» Houzeo Reviews: Check out why more than 11,000+ home sellers have rated Houzeo 4.9 stars out of 5.
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