Orchard Reviews: Compare This Home Buy-Sell Program
Generations of homeowners like you have faced the buy-sell timing conundrum — when you want to buy a new house but have to sell your current home to do it. Modern real estate companies like Orchard now offer innovative solutions to simplify this process, allowing you to leverage your home’s equity so you can buy before you sell (and only move once).
In this post, we explore Orchard’s buy-sell program, providing you with an overview of how this service works, and information about Orchard reviews to help you make an informed decision about your next move.
What is Orchard?
Orchard is a real estate company that offers innovative solutions for homeowners looking to buy and sell homes. Founded in 2017, Orchard provides services that allow you to move into your new home before selling your old one. By using your current home’s equity, Orchard can help you make stronger offers on new properties, eliminating the stress and uncertainty of contingent offers.
The company’s CEO and Co-Founder, Court Cunningham, explained in a press release, “At Orchard, we make home buying stress-free, fair and simple.”
How does Orchard work?
Orchard simplifies the home buying and selling process through two main services: Move First and List with Orchard.
Buying and selling: Orchard Move First
With Orchard’s Move First service, you can purchase your new home before selling your current one. Here’s how it works:
Home valuation: Orchard evaluates your current home’s market value.
Equity unlock: Through its “equity advance” process, Orchard unlocks a portion of your home’s equity to use as a down payment for your new home.
Non-contingent offer: You can make a stronger, non-contingent offer on your next home, increasing your chances of securing it.
Seamless move: Once you purchase your new home, you move in, and Orchard lists your old home for sale and offers a home sale guarantee.
Sale support: Orchard handles the sale of your old home, allowing you to skip the showings and the stress of a traditional sale.
Selling: List with Orchard
Orchard also offers a listing service for those who are only looking to sell their home. Here’s what you can expect:
Expert pricing: Orchard provides an experienced local real estate agent to help you set an accurate and effective list price based on your market and similar homes.
Selling options: The company will show you all your selling options, including selling on the market or selling to a cash buyer or investor.
Market listing: If you decide to sell on the market, Orchard will list your home, leveraging its marketing expertise to attract buyers.
Home preparations: The Orchard team will help you prepare your home for sale. This includes taking professional photos, creating a 3D tour, and targeted marketing. You’ll also receive recommendations and assistance with some repairs.
Home showings: The company’s agent coordinates and manages showings, providing you with regular updates. The agent will also guide you through the closing process, making it as smooth and stress-free as possible.
Orchard also has an additional paid “Concierge Service” option to handle more extensive cleaning, staging, repairs, and renovations. (More on this later in our post.)
