In this episode, Founder and CEO of Homie Mike Peregrina talk about how he’s disrupting the traditional realtor model, simplifying the house-buying process, and saving people money when they purchase a property.
Mike Peregrina is the CEO and Founder of Homie a venture-backed, Proptech/Fintech platform that makes finding, buying, and selling a home easier and less expensive.
Mike is an entrepreneur at heart with over $2B in transaction value experience with a broad investment banking and venture capital background across the software, hospitality, consumer branded products, retail, gaming, and real estate sectors. Here are a few of the topics we’ll discuss on this episode of Cache Flow:
- The problem with the traditional realtor model.
- How the traditional realtor model is being disrupted.
- The ways real estate pricing is changing.
- Predictions for the future of the housing market.
- What causes real estate pricing to change.
- The predictable cycles real estate goes through.
- How to simplify the house-buying process.
- How to reduce real estate fees.
Resources:
- Homie
- House Flipper Turns Tech Founder and Accidentally Builds 300-Person SaaS Business
- Redfin
- Curotec
Connect with Mike Peregrina:
Connecting with the host:
- Brian Dainis on Linktree
Quotables:
- 16:58 – “As long as interest rates stabilize, even if they are 7.2 percent, 7.5 percent which is fairly high for what we’ve been used to 12 months ago when they were 3, sub 3 I think the market just wants normalization in interest rates and then that demand will slowly come in, whatever goes up must come down, whatever goes down must go up, we saw that with interest rates and the inverse in home pricing which is now starting to happen and then in 2 years guess what interest rates are going to probably drop again, so we like to say here marry the house, not the interest rate.”
- 31:54 – “Buying and selling a home should not cost 6 percent that is so much money where 90 percent of the transaction is rinse and repeat regardless of the price of the home.”
- 33:39 – “I’m buying a house right now using Homie and they’re giving me 50 percent of the buyer agent real estate commission as a rebate towards my closing costs, man that’s real cash that I don’t have to bring to the table, and that’s for many customers and consumers out there that’s the difference between buying a home and not, that’s the difference between the American dream and not, those are huge savings 20 thousand dollars on average if not more
