TurboHome combines licensed real estate agents with AI technology to facilitate quick offer submissions and comprehensive analysis of property valuations and disclosures, all for a flat fee. This approach enables California homeowners and investors to save thousands on commissions while receiving cash back at closing.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional real estate agents charge high commission fees, often around 3% of the purchase price, which can significantly reduce the funds available to homebuyers. This commission structure may not align the agent's incentives with the buyer's best interests, especially when buyers find properties themselves through online platforms.
Solution
TurboHome offers a tech-enabled real estate service that connects homebuyers with licensed agents for a low flat fee, providing substantial savings compared to traditional commission-based agents. Buyers receive a portion of the buyer's agent commission, which they can use as cash back, to increase their offer, or to reduce their mortgage interest rate. TurboHome agents leverage AI-powered tools for property valuation and disclosure analysis, enabling buyers to make informed decisions quickly. The company streamlines the offer submission process, allowing buyers to submit offers rapidly via call, text, or email.
Target Audience
TurboHome primarily targets homebuyers and real estate investors who are looking to save money on commissions while still receiving expert guidance and support throughout the buying process.
Features
- Salaried, licensed buyer's agents who provide full service without commission-based incentives
- AI-powered home valuation reports using proprietary pricing algorithms and multiple data sources
- AI-driven property risk analysis that decodes disclosure packets and inspection reports
- Option to receive a portion of the buyer's agent commission as cash back at closing
- Option to apply commission savings to increase the offer price for a more competitive bid
- Option to use commission savings to buy down the mortgage interest rate
- Streamlined offer submission process via call, text, or email
- 15 free private showings with partner agents