Richr provides a platform that allows homeowners to list their properties on the MLS with minimal fees, charging only 1% at closing while offering daily cash bonuses during the listing period. The service simplifies the home-selling process by providing professional valuation, concierge support, and access to high-yield savings accounts, enabling sellers to maximize their equity and financial growth.
Funding
$500K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
PATFFounders
Product
Problem
Traditional real estate models charge high commission fees, typically around 6%, significantly reducing the seller's equity at closing. Many homeowners lack access to tools and support to navigate the complexities of listing and selling their homes independently.
Solution
Richr offers a platform that allows homeowners to list their properties on the MLS for a significantly reduced commission of 1% at closing, with a minimum fee of $4,000. The service provides tools to maximize a home's exposure on major real estate websites. Richr simplifies the selling process by offering a free home valuation, concierge support, and a dedicated title closing team. Furthermore, sellers can earn daily cash bonuses while their home is listed, deposited into a Richr Money high-yield savings account.
Target Audience
The primary target audience is homeowners looking to sell their property while minimizing commission fees and maximizing their financial returns.
Features
- MLS listing with syndication to over 750 websites, including Zillow, Trulia, Redfin, and Realtor.com.
- Professional home valuation to determine the optimal sales price.
- Concierge services, including contract review, disclosures, and closing document assistance.
- HD photography to showcase the home.
- Access to Richr Title for escrow and settlement services, with digital or mobile notary closing options.
- Richr Money high-yield savings account with daily cash bonuses during the listing period.