December 2017   Volume 43, Number 12      


Digital Real Estate Platform Home61 Raises $4 Million

Home61, digital real estate platform, has raised $4 million including an investment from FF Angel, the early stage investment vehicle of Founders Fund, Peter Thiel’s Silicon Valley venture capital firm. The company uses automation to “streamline the buying and renting process, making it profitable for agents to provide excellent service to clients with all budgets while simplifying the experience for buyers and renters,” according to its press release.

Its system manages the entire real estate transaction, from a client searching website listings to signing closing documents. According to Home61, its agents make $70,000 in their second year, compared to the industry average of $8,930.

“This is because the system provides agents with a steady stream of leads, intensive training for up to 120 days and tools that automate manual tasks,” the company states. “This allows agents to focus solely on the client rather than the commission, ultimately making them more productive.”

According to the company, the Home61 platform has managed more than 1,000 closings since its launch in 2015. With the additional $4 million capital, the company has now raised a total of $5.3 million. Home61 plans to use the new funding to expand beyond Miami to Chicago, Houston, and Phoenix.

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In this issue:

Homebuyers Rush to Riskier Mortgages As Home Prices Rise

Amazon Ventures Into Real Estate With Hire a Realtor Service

Digital Real Estate Platform Home61 Raises $4 Million

Homebuyers Can Now Crowdfund Their Mortgage Down Payments

Millennials Going Over Budget to Buy Homes

National Flood Insurance Program Might Not Be Able to Fulfill Obligations to Homeowners

San Francisco Most Over-valued Market in U.S.

Trump Tax Reform Sparks Fears for California Realtors

Weekly Mortgage Applications Stall Along With Rates and Home Sales

10 Reasons to Schedule a Seller Counseling Session


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