What is Homexchange?
Homexchange is India’s first instant home sale and upgrade platform, aiming to reduce the time, uncertainty, and stress associated with selling your existing home in order to upgrade to a new one. We do so by providing you with an instant and fair offer on your existing home enabling you to buy your upgrade-home from one of our marquee developer partners.
Which cities does Homexchange have its offerings in?
Currently, Homexchange offers its services only in Mumbai Metropolitan and Bengaluru and will expand to other cities shortly. In MMR, we are present in Mumbai, Thane, Mira-Bhayander, Dahisar, with exceptions of Kalyan, Dombivali, and Navi Mumbai.
How does this work?
Once you share the details of your existing home, our home expert will visit for a detailed inspection. If your home qualifies, an offer will be made within 5 working days. Once you accept the offer and select your new home from one of our marquee developer partners, an agreement will be executed for the sale of your existing home. If you do not like the offer, Homexchange will suggest other options that are tailored to your specific requirements. Speak to our home experts to learn more.
How does Homexchange price my home?
Homexchange provides you with an instant, competitive, and fair offer on your existing home by using proprietary models and algorithms that take into account all aspects of your home, including condition, age, amenities, relevant recent market transactions, and other market factors.
Can I only upgrade to a Homexchange developer partner home?
While our service is designed to get you a fair price for your existing home, it is contingent on you buying a new home from one of our marquee developer partners. However, if you are interested in any other projects, we will try our best to find you a solution.
How soon do you give an offer?
Once our Home Expert has visited your home and obtained all the necessary details, and if your home qualifies, we will provide you with a competitive offer within 5 working days.
Is a home inspection neccessary?
Yes, it is important for us to visit your home and inspect the condition of your home, building, and amenities. This process will ensure that Homexchange expert provides you with a fair value for your home.
What type of homes does Homexchange evaluate?
Homes in buildings that are less than 40 years old (with exceptions in certain neighborhoods)Buildings should be structurally sound and Occupancy Certificate (OC) or equivalent approvals (Khata A certificate in Bengaluru) in placeAgency-delivered or government-allotted homes are not included as part of our service (eg: MHADA, MMRDA)
Will Homexchange work with my existing broker?
Homexchange has a team of highly skilled home experts who can work directly with you. However, we understand you may require assistance from your trusted advisor or agent. We welcome the opportunity to work and partner with your existing agent to get the best options for you.
Are there any costs involved in the services provided by Homexchange?
Our fees start at 3% and may vary based on the chosen services by the customer.