Sundae rolls out set price buying tool for investors

Sundae rolls out set price buying tool for investors

The net property market, geared towards patrons promoting properties as-is, launches Buy Direct, which lets traders see the set value of a house and transfer straight to creating a proposal.

Be part of industry visionaries Pete Flint, Spencer Rascoff, Ryan Serhant and extra at Inman Connect New York, Jan. 24-26. Punch your ticket to the future by becoming a member of the neatest individuals in actual property at this must-attend occasion. Register here.

An internet property market for traders to purchase properties as-is has introduced a brand new function that enables patrons to buy at a set value.

Sundae introduced the function that lets sellers of as-is properties set a value that traders can see when deciding whether or not to purchase.

The brand new function known as Buy Direct comes at a time of slower house gross sales, an uptick in curiosity from sellers to promote shortly and after a interval of intense competitors amongst traders.

“Earlier than beginning Sundae, I spent a few years as a property investor and know the frustrations that include discovering and successful a property,” Sundae CEO Josh Stech stated in a press release. “Buy Direct provides property traders a quick strategy to purchase properties whereas our sellers keep answerable for the worth that’s set.”

The corporate stated it’s attempting to fulfill a rising demand for fast house gross sales. Web searches for the phrase “promote my home quick” have greater than doubled in comparison with a yr in the past, the corporate stated.

Traders who use Buy Direct will eradicate the guesswork related to shopping for gross sales, face much less competitors by discovering offers on-line and save time by shifting shortly to the acquisition, in line with the corporate.

Sundae works with sellers on setting the “sell-now” value within the markets wherein it operates. Traders will see a licensed inspection report and sometimes a 3D house tour, the corporate stated.

Impartial traders have confronted a difficult market competing with not simply one another however with conventional homebuyers and institutional patrons backed by Wall Street.

Below Buy Direct, the primary investor to make a proposal on the mounted value set by the vendor will obtain a purchase order settlement.

Sundae just lately rolled out extra providers to traders in additional markets, increasing into the Carolinas and Tennessee earlier this yr and including monetary providers for patrons.

Email Taylor Anderson

Get Inman’s Property Portfolio Publication delivered proper to your inbox. A weekly roundup of stories that actual property traders want to remain on prime, delivered each Tuesday. Click here to subscribe.


About the Author

You may also like these