SimpleShowing offers a platform that allows homebuyers to book on-demand property tours directly, eliminating the need for agent coordination and reducing the time spent searching for homes. The service provides buyers with a closing cost credit of over $5,000 and charges sellers a low 1% listing fee, significantly lowering transaction costs compared to traditional real estate services.
Funding
$2.8M 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.
Founders
Product
Problem
Traditional real estate transactions involve high commission fees, typically around 6% of the sale price, split between the buyer's and seller's agents. Coordinating property tours often requires significant back-and-forth communication with agents, leading to delays and inefficiencies for homebuyers.
Solution
SimpleShowing offers a platform designed to streamline the home buying and selling process while reducing costs. Buyers can book property tours on demand, eliminating scheduling hassles. The company provides a closing cost credit to buyers, averaging over $5,000. Sellers benefit from a reduced 1% listing fee, significantly lower than the standard 3% charged by traditional brokerages. This model aims to provide a more transparent and cost-effective real estate experience, leveraging technology to simplify the process for both buyers and sellers.
Target Audience
The primary target audience includes homebuyers seeking cost savings and convenience in scheduling property tours, as well as home sellers looking to reduce commission fees while still receiving full-service representation.
Features
- On-demand property tour booking, allowing buyers to schedule viewings directly.
- Closing cost credit for buyers, averaging over $5,000.
- 1% listing fee for sellers, a significant reduction from traditional commission rates.
- Full-service agent support throughout the buying or selling process.
- Online platform for searching properties and managing showings.