Unreserved is Canada's first flat-rate, full-service real estate platform that eliminates traditional commission fees by charging a fixed fee of $2,500 for property transactions. This model significantly reduces costs for home buyers and sellers, allowing them to save thousands compared to conventional real estate services.
Funding
$26.5M 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 percentage-based commission fees, which can be a significant expense for both buyers and sellers, especially in high-value markets. This commission structure may disincentivize agents from prioritizing client needs over maximizing transaction value.
Solution
Unreserved offers a flat-fee, full-service real estate platform designed to reduce the financial burden on clients during property transactions. Instead of charging a percentage of the sale price, Unreserved provides comprehensive real estate services for a fixed fee of $2,500. This model aims to provide cost transparency and potentially save clients thousands of dollars compared to traditional commission-based real estate services, while still offering complete support throughout the buying or selling process. The platform provides access to a wide range of property listings and historical sales data across Canada.
Target Audience
The primary target audience includes home buyers and sellers in Canada who are looking to save money on real estate transaction fees while still receiving full-service support.
Features
- Flat-fee pricing model of $2,500 per transaction, regardless of property value.
- Access to a comprehensive database of for-sale and sold property listings across Canada.
- Search functionality enabling users to filter listings by region, city, and property characteristics.
- Detailed property information including number of bedrooms/bathrooms and square footage.
- Email verification system to ensure secure access to local real estate board data.