Homeowners facing the prospect of selling their home face many decisions when selling, such as when and how much to ask, as well as who they should work with. But Orchard, a real estate tech company offering equity loans to simplify this process, is changing how home selling works by using both digital tools as well as working closely with local agents for an exceptional hybrid experience – unlocking equity for home purchases while offering guarantees when selling existing properties.

Orchard offers free online assessments and home valuations, connecting you with an agent in your area who will work collaboratively to finalize the value of your home, list it on the MLS, oversee showings and tours, negotiate offers for sale and facilitate closings – and more! In addition, Orchard will cover mortgage payments until its sale, fees and expenses for both homes.

Orchard will promote and market your old home to potential buyers through their network of real estate brokerages, while taking care of any necessary repairs or staging to prepare it for listing. Once sold, Orchard will split their proceeds with you minus any overlapping mortgage payments as well as Orchard fees and expenses.

Orchard’s Move First program provides a solution to those looking to buy their home first: Orchard will sell and help arrange the closing on their old house before helping with closing on their new one, all so that you can move in immediately! Orchard guarantees the sale of both properties, then assists in scheduling closing dates so you can move right in when ready.

Move First can only be applied for with single-family homes built between 1920-2021 in Orchard’s service areas. In order to qualify, enough equity must exist in your old home to cover both purchases as well as all closing costs associated with both transactions, as well as receive approval from an Orchard home advisor.

Orchard’s streamlined process is designed to speed up home sales when there are multiple parties involved in a chain of title, financing issues or inspection concerns. Orchard estimates tend to be 25% more accurate than traditional agents’ valuation estimates, however its equity advance comes with additional fees such as daily listing fees. In a competitive market such as Los Angeles this could quickly add up.