Tim Heyl worked in traditional real estate for 10 years. He came upon the same issue over and over; people were unable to put an offer on a new home they wanted to buy because they didn’t have a buyer for their old home yet.
Homeward enables agents to let clients buy the home they want using an all-cash offer, and then sell their current property at full market value. The company is expanding in Texas, Georgia, and Colorado, with plans to offer its solution to agents and homebuyers nationwide.
The company raised $105 million in equity funding in May 2020. The company said that it would use the funding to buy more homes for its customers and expand its agent partnerships.
Homeward maintains a corporate office in Austin, Texas.