HomeLight Launches Simple Sale Instant Buyer Marketplace

Last week real estate referral innovators at HomeLight announced the launch of Simple Sale, a marketplace for connecting instant buyers with home sellers. The new launch may help the startup capitalize on its data-driven approach to making real estate agent recommendations to home sellers.

Sold

The new marketplace gives home sellers access to a pool of 100 preapproved local and national iBuyers across 40-plus U.S. market in what HomeLight says is an alternative to the traditional listing process for those looking to expedite the sale of their home.

The Simple Sale network of iBuyers includes OpenDoor, Offerpad, We Buy Houses, and Roofstock to give home sellers and agents instant offers on any property. The new service accentuates HomeLight’s nationwide agent marketplace for home sellers and buyers.

HomeLight, for those unfamiliar, is a San Francisco startup that received help from Google Ventures, which was launched back in 2012. Since that time, HomeLight has seen clients lists over $10 billion in homes on the platform. J.J. McCarthy, who is the GM of Simple Sale at HomeLight, offered this comment via the company’s press release:

“The number of iBuyer options has exploded, but home sellers and agents looking for instant offers have been limited to comparing prices through repeated online searches from multiple sources. Through buyer relationships we’ve established in more than 40 U.S. markets, Simple Sale lets home sellers find the best iBuyer for any home on one platform.”

The Simple Sale service is a platform that estimates the most competitive offers from multiple buyers, and then compares those offers to the price a seller could expect. For agents, Simple Sale is a brilliant tool to allow for instant offers to home sellers in a hurry to sell.

With the release of Simple Sale, HomeLight tries to grab a leg–up on competitors like Movoto.com, UpNest.com, In-House Realty, and TopAgentsRanked.com, which are in the business of lead generation and valuation mostly. But the space for this kind of disruption is pretty crowded with huge players like Zillow and Opendoor playing at the edges of iBuyer magic. It will be interesting to see if HomeLight can up its game even further to become a true iBuying experience. If

HomeLight has received backing by Zeev Ventures, Menlo Ventures, SGVC, Citi Ventures, Bullpen Capital, Crosslink Capital, Montage Ventures, GV, Innovation Endeavors and others. The startup founded by Drew Uher has so far raised over $55 million in funding.

Phil Butler

Phil Butler is a former engineer, contractor, and telecommunications professional who is editor of several influential online media outlets. Phil began his digital ramblings via several of the world’s most noted tech blogs, at the advent of blogging as a form of journalistic license. A graduate of The College of Charleston, Phil also served in the United States Navy, and has worked for any number of Fortune 500 companies. Together with his wife and partner Mihaela Lica Butler, Phil also helped forge Pamil Visions PR into one of the most successful online PR companies in the world. His greatest accomplishments however involves being the best husband, father, and friend he can be.

Recent Posts

How AI is Revolutionizing the Real Estate Market

Time marches on, and so does the sophistication of the technologies we use in our…

17 hours ago

More Home Buyers are Reaching for ARMs

The demand for homes remains robust. Despite 30-year mortgages being firmly above a 5% interest…

19 hours ago

Property Management Trends That Will Shape 2022

Property management currently operates in a very aggressive and constantly changing realm. However, some key…

2 days ago

Everyday Tools and Software Realtors Need to Use

Real estate professionals lead busy lives, so finding better and more efficient ways to do…

3 days ago

6 Questions to Ask Yourself Before Switching from Renting to Owning a Home

Buying a home has long been considered a quintessential part of the American dream. Owning…

3 days ago

Five Top Agents in Rocky Mount, North Carolina

A roundup of some of the top real estate professionals in the Rocky Mount, North…

4 days ago