SaaS

listed by broker
proptech
Founded in
2021
Desired valuation:
Open to offers
Description
A real estate marketplace that allows the buyer and seller to work out the terms of a real estate deal directly. The GTM fills the gap between the traditional model and paying 5 to 6% commission fees and the 'for sale by owner' model. With our platform the vendor has the security of working with their lawyer and saving the commission fees. The platform also includes a Directory of local business services to assist in connecting both parties to local providers to assist in the transaction. There are currently 80 different business listings, from preparing the home to moving out. By partnering with real estate lawyers, in 2024 = 3 firms /month sign up, and over 3 yrs increasing it to 8 each month, that would be a total of 289 firms
Featured metrics
By partnering with real estate lawyers, in 2024 = 3 firms /month sign up, and over 3 yrs increasing it to 8 each month, that would be a total of 289 firms
Selling details
Type of shares
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Reason for selling
I want to cash out my ownership to reduce risk.
Preferred acquirer
Open for all
Aspirations & growth opportunities
This is a proptech platform that is ripe to change the real estate space. There are two class action lawsuits in Canada & US that could rule that the commission structure of selling & buying real estate needs to be more transparent. Our digital platform provides the transparency for both the buyer and seller.
Business details
Business model
Currently it is a Transaction fee, but it could move in a subscription fee
Customers
currently zero. We have launched the MVP platform. (This is a B2B2C model and partnering with real estate lawyers. Currently, real estate lawyers 'rubber stamp' deals since most times the deal is negotiated and accepted by the time it gets to them. This platform is flipping the current model )
Competition
The main competition are current FSBO service provides - Zillow, FSBO.com and Byowner.com
Operational details
Technology stack
Don't want to share this information until a serious buyer comes forth.
Marketing spend
We are launching our MVP platform and needs millions for marketing and sales. This one reason why the founder is looking at being acquired. (InstaGram and Linked In)
Performance tracking tools
Other
Financial details
Ownership structure
Founder and co-founder own 50% each
Last month's revenue
$0 - we are MVP
Last month's profit
$0
Financial records
Online reporting software/tools
Metrics
TTM revenue
$0
TTM net profit
$0
Based in
AMER
Team members
1-2
Acquisition type
Any
Desired valuation
Open to offers
Message Owner
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Message Broker
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