Homeward, Inc.

Founded in 2018 and based in Texas, US, Homeward, Inc. is a company that offers a platform where users can register and find homes for sale. Users have to get approved upon registration, then afterward they can browse the homes for sale that is within their financial range. The firm also offers a leasing option for homeowners.

Tim Heyl is the founder and CEO of the company. In May 2021, the firm raised USD 136 million in Series B funding led by Norwest Venture Partners including Blackstone Alternative Asset Management and Breyer Capital. The company offers The Homeward Way, which gives homebuyers credit for their home equity upfront and lets them make an all-cash offer to secure their next home using the company’s funds. The Homeward Cash offer eliminates the finance, home sale, and appraisal contingencies, enabling homebuyers to win with cash and, when necessary, to buy their new home before they sell their old one.

Customers also receive a floor price guarantee on their existing home in case they’re unable to sell it for its full market value. The firm makes an all-cash offer on behalf of a customer wanting to buy a house and the customer hires an agent (from brokerages such as Redfin or Keller Williams) to list their home in a certain amount of time or at a discounted price. Once Homeward buys a home, it will lease the property back to its customer until they sell their house, get a mortgage, and can buy the property back from Homeward. Homeward plans to use the May 2021 funding to double down on its offering, scale up to meet outsized demand, and open additional markets.