✏️ Editor’s Note: Realtor Associations, agents, and MLS’ have started implementing changes related to the NAR’s $418 million settlement. While home-sellers will likely save thousands in commission, compliance and litigation risks have significantly increased for sellers throughout the nation. Learn how NAR’s settlement affects home sellers.
Homecoin is a Flat-Fee MLS company. They help you list your property on the MLS for $95. With this package, sellers skip the hefty 3% agent commission and gain more control over the selling process.
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Pros
- Your property gets maximum exposure.
- You could get the highest value for your home.
- You avoid paying the agent commission.
- You can cancel anytime at no extra cost.
Cons
- You have to pay extra for additional services.
- The company provides services in limited areas.
Homecoin is a Flat Fee MLS company based in San Diego, California. They get your property on the MLS and other real estate websites for just $95. This affordable Flat Fee allows you to save thousands in Realtor commissions.
With Homecoin, your property is not only listed on the MLS but on other real estate websites as well. This increases your chances of securing a good deal. However, your overall net proceeds could still be low.
Homecoin’s flagship $95 package lacks various essential services like professional photography or open houses. These can be added later for an extra fee, ultimately raising the package cost.
If you’re looking to sell your house with ease, consider Houzeo. With Houzeo’s comprehensive selling packages, you can list your home on the MLS smoothly and also save thousands in commissions.
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✍️ Editor’s Take: For most home sellers, we recommend Houzeo. Their packages are priced at slightly higher prices (starting from $399). However, their services are comprehensive and cover all selling aspects. You also get access to Houzeo’s stellar technology and an easy-to-use mobile app. Compare Homecoin vs. Houzeo.
Is Homecoin Legit?
Yes, Homecoin is a legitimate Flat Fee MLS company founded by Jon Minerick. The company is headquartered in San Diego, CA. As per Google, their address is 600 B St Suite 300, San Diego, CA 92101, United States.
Homecoin has a BBB profile under the name of Apaus Inc. However, we couldn’t find many positive Homecoin reviews on the same. To have an overview of their past performance, you must check their Google profile.
Homecoin Coverage
Homecoin offers services in 22 states across the US. Some of the major states they cover are Texas, California, Florida, 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 that operates nationwide.
How Does Homecoin Work?
If you wish to sell your property with Homecoin, follow these 4 simple steps:
- Sign Up: Press the ‘Sign Up’ button on Homecoin.com. Create an account using your email id to register as a Homecoin seller.
- Submit Details: Post registering, click on ‘Start a Property Sale’. Fill in your personal and property details to proceed with the listing process.
- Choose Add-Ons: After entering the details, the next page contains the add-on services available in your state. So, 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. You can download the required forms and documentation from their portal.
Packages
Homecoin’s flagship package is priced at $95. They offer all other services like pro photography, sign post rental and lockbox rental à la carte.
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 Reviews
Homecoin has a 4.6 out of 5-star rating on Google based on 78 reviews. They have also received a 4.8 out of 5 star rating on Yelp, based on 111 reviews.
Homecoin Reviews: Praises
✅ Beth A. was able to save thousands in listing agent commissions with Homecoin. Overall, he had a smooth experience and recommends the company in all states they are licensed in.
Homecoin provided a great service to consumers! I’m a broker in Colorado and sold a property in Michigan with them last week. Saved thousands in commissions and was very impressed with the complete professionalism of Jonathan, Kirsten and Homecoin support. Questions were answered immediately, listing agreement, disclosures and reminders to make sure the listing was reported properly went above and beyond. I would highly recommend them in any state they are licensed in.
Source: Yelp
✅Sara Chen appreciated Homecoin for their professionalism. She loved the no-mess selling process provided by the company.
I used homecoin to help us listing the property on MSL. Their service is even better than I expected. Professional, easy use, excellent support service, buyers or buyer’s agents’ calls transfer to our phone directly, no mess, work smoothly, and of course, great value. You can change 10 times free on MSL for the list status, property description, pictures… that cover all you need during the process. I super recommend their service.
Source: Google
Homecoin Reviews: Complaints
❌ Jeff highlighted Homecoin’s inefficient customer service. He was unhappy with the delayed replies by the company.
When you call in they say to text or email for support. I’ve sent 20 texts without any reply. I told them not to list home and they did anyways. Had been texting yesterday and all day this morning and no reply as of 11am. They did however manage to charge and approve order this AM around 1030am. LOL, your phone number says FOR HELP to text!
Source: Google
❌ John stressed on having prior experience with listing forms to use Homecoin. He also mentioned the need for a realtor to check for possible errors.
This Flat Fee service expects all listing details filled out properly from the start and doesn’t offer any resources to explain some of the more complex setup form questions. Without a realtor checking it, homeowners can’t check certain aspects of homecoin’s work and major listing issues (missing open house dates, improper MLS regional filling, etc.. can go unnoticed.
Source: Google
Pros and Cons
Here are the pros and cons of Homecoin:
👍 Pros
- Upfront Fee: Homecoin helps you list your property on the MLS for $95. So, you save money on agent commissions.
- Digital Automation: The listing documents can be filled out online on Homecoin’s website. There is no paperwork involved.
- Quick Listing: Homecoin can list your house within 24 hours. So, you can be sure of starting the sales process as soon as possible.
- Free Cancellation: You can cancel your Homecoin listing without any additional charges or hidden costs.
- Market Exposure: Your MLS listing gets syndicated to websites like Zillow, Trulia, Redfin, Realtor.com, etc. to attract maximum 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.
- Limited Coverage: Homecoin is present only in 22 US states. So, home sellers living outside their coverage area cannot avail of their services.
- Minimal Customer Support: Homecoin may not provide you a hand-holding experience. You might have to handle most tasks of home selling journey yourself.
Homecoin Competitors
Homecoin has various competitors. We have selected them based on three metrics: package, coverage, 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 for a budget-friendly fee of $95. This helps you save thousands of dollars. However, Homecoin’s chargeable add-on services ultimately increases your overall selling cost.
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.
| Homecoin | Houzeo | |
|---|---|---|
| Listing Fee | $95 + Add-on Services | $399 Onwards |
| Customer Rating | 4.6 stars (78 reviews) | 4.9 stars (8,000+ reviews) |
| Coverage | 22 states | 50 states + Washington D.C. |
| Showings Management | ❌ | ✅ |
| Offer Management | ❌ | ✅ |
| Counter an Offer | ❌ | ✅ |
| Request Highest and Best Offer | ❌ | ✅ |
2. Coverage: Homecoin vs. Flat Fee Group
Homecoin offers MLS listing services in 22 US states, including major ones like Arizona and Texas. However, their limited coverage may prevent some home sellers from accessing their services.
On the other hand, Flat Fee Group is a network of licensed brokers. They are present in 48 states and Washington D.C. So, you can work with them regardless where you live in the US.
3. Speed: Homecoin vs. Sundae
Homecoin lists your property on the MLS. On average, it takes around 61 days to sell on the MLS. You can expect the same selling timeframe with Homecoin as well.
Sundae, on the other hand, is a cash-buyer marketplace. Like most cash buyer marketplaces, they provide you with quick cash offers. 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 $95 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 stellar customer support to clear all your queries.
» Houzeo Reviews: Check out why more than 8,000+ home sellers have rated Houzeo 4.9 stars out of 5.
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Frequently Asked Questions
Is Homecoin legit?
Yes, Homecoin is a legitimate company founded by Jon Minerick. The company is headquartered in San Diego, CA. Furthermore, they also have a BBB profile.
What are the major Homecoin.com complaints?
Homecoin's complaints mostly focus on inconsistent customer service and the need for prior experience when filling up listing forms. Further, they also highlight the Realtor's importance over the listing process.
What are some potential Homecoin competitors?
Homecoin has various potential competitors. Houzeo competes with Homecoin based on package. Whereas, Flat Fee Group and Sundae compete with Homecoin on the basis of coverage and speed respectively.
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