"This as-told-to essay is based on conversations with Vicki Lynn, 67, a physical therapist assistant who relocated from California to Florida and used AI-powered platform Homa to draw up her contract without the help of an agent. Homa charges a flat rate of $1,995 for transactions with a selling agent. The conversation has been edited for length and clarity. I like being a part of new ideas and more innovative ways of doing things."
"Thinking outside the box, so to speak, and brainstorming "how can we do this better?" I felt the same when it came to buying a home, which I did in November with the help of AI. It was more important for me to be in control of the purchase, versus being afraid to use AI. Everything is online anyway, so why be afraid now?"
"I had already dealt with a buyer's agent, and I wasn't satisfied, so we decided to part ways. I felt it would be easier for me just to buy my home myself if I could actually take more control of the situation. Using an agent took too much time for me and involved too many added expenses I was aware that most sellers pay the buyer agent's commission, so that was even more incentive to go out on my own,"
Vicki Lynn, 67, relocated from California to Florida and used AI-powered platform Homa to draft her purchase contract without a buyer's agent. Homa charges a flat $1,995 fee for transactions involving a selling agent. Lynn left a traditional buyer's agent after slow communication, high fees, and delays. Lynn sought greater control and potential savings because sellers typically pay buyer-agent commissions. She noted the NAR settlement and agent disclosures about a possible 3% liability plus extra fees. Lynn completed her home purchase in November using AI, citing convenience and the ubiquity of online processes.
Read at Business Insider
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