Frisco is not only considered the number one place to live in the US but many would also agree it’s a very convenient place to live. Everything you could want or need is within a short drive, or in some cases now, just a walk away. Many of us don’t leave our ‘Frisco bubble' very often because there's simply no need!
What if we told you that this concept of convenient living can now apply to the homebuying experience?
There's a new way to buy a home that's as easy as opening the front door.
Enter Bungalo, the first all-in-one home buying experience that guides you through every step of buying a beautifully refreshed move-in ready home. And they do it all via one highly-efficient digital platform.
Bungalo is backed by Austin based company Amherst Residential, who is already well-known in real estate circles for its experience of buying, rehabbing, renting, and selling properties. Over the last five years alone Amherst has invested in over 20,000 homes across twenty-eight markets in the US.
I recently caught up with Jennifer Ayyad; a realtor in DFW for over 12 years and now a licensed market lead at Bungalo.
I’m excited to join the Bungalo team because they're truly changing the home buying process, making it more streamlined, and buyer focused. We want to partner with agents and buyers direct to provide complete transparency upfront.
In today’s fast-paced world many of us crave the need for simplicity and practicality. Bungalo recognizes this appetite for a stress-free experience when navigating life’s milestones, of which homebuying is considered one of the top three.
With Bungalo's platform that streamlines every step of the process, you'll be moving into your dream home in no time.
Renovated, Refurbished, and Move-In Ready
Bungalo prides itself in offering uncompromising quality with an exclusive catalog of turnkey homes across Frisco and North Texas. They own this inventory of homes outright, allowing them to thoroughly inspect and refresh each one to the highest standards.
Featuring premium materials, designer finishes and new appliances, once the refurbishment is complete the home must pass a 160-point quality standard. Greg Stewart; COO of Bungalo explained,
We're incredibly focused on quality in the renovation process of the home, backed up with an in-house warranty. We then marry quality with a best in class home buying experience and a high-touch sales team to complement the digital platform.
The buying process is simple. And while the company welcomes partnering with a real estate agent, the buyer can also opt to carry out the entire transaction online. The Bungalo homebuying team will work with you every step of the way using a paper-free platform – a fully digital experience – providing full visibility and control (known as the iBuying experience).
How it Works
Browse: Once registered, you can begin to browse their listings, which typically appear online up to 7 days before they land on MLS or any other site, giving the Bungalo buyer an exclusive first look at new inventory.
Tour Homes on Demand: Once you see some homes which suit your preferences, you can schedule a tour on your smartphone.
Secure financing with ease: People are becoming increasingly comfortable with conducting business online. Bungalo Mortgage provides a streamlined mortgage application where you can easily upload all the required documents and complete an application in minutes. Approval can be obtained in as little as 48 hours.
Submit a no-haggle offer: Here's where Bungalo really stands out from its competition. They offer the promise of no haggle pricing and no bidding wars. Once you select the home that's right for you, a Bungalo loan specialist will work with your dedicated Bungalo homebuying team to make an offer. The list prices is firm, and the first offer is accepted (along with a pre-approval letter confirming proof of financing). Bungalo also pays for the 7 day option period.
Close with confidence: Finally, imagine a closing that can be completed using a mobile notary! Yes, it’s that simple and presto – you just bought yourself a home.
So, what’s the catch?
There's no catch. Bungalo prides themselves in offering a fully certified home. Each house goes through a 160-point inspection before it's listed and it's backed by a 30-day ‘Quality of Craftsmanship’.
For added assurance, they also pay an independent home inspector to assess the final condition of the home and share a copy of the report via the listing page. Finally, a one-year complimentary warranty is also provided for the first year after closing.
Bungalo has now launched in two markets; Dallas/Forth Worth, and Tampa, and they have ambitious plans to expand to other cities and states very soon. They own all of the homes they advertise online and each will be priced in the $250,000 to $500,000 price bracket.
So, move on from fixer-uppers and move-in with Bungalo! Browse their current listings of beautifully refreshed homes here.