Introducing BeYourOwnBroker.com (BYOB.properties)
Empower Yourself in Real Estate Transactions
BeYourOwnBroker.com is a revolutionary app designed for buyers who want to take control of their real estate transactions, whether on the MLS or off-market. With our comprehensive suite of tools, you can confidently represent THEMSELVES and navigate the complexities of buying a home without an agent.
Key Features:
- Comparative Market Analysis: Access and analyze comps with ease to make informed decisions.
- Repair Calculators: Get accurate repair cost estimates specific to your market.
- Auto-Fill Contract Generation: Create contracts effortlessly with our user-friendly, guided onboarding instructions. Includes electronic signatures for seamless transactions.
- Real-Time Negotiation Coaching: Benefit from AI-driven negotiation support and market insights.
- Property Condition Reports: Understand the true condition of potential purchases.
- Complete Closing Routines: Follow our full closing procedures or hire professional transaction closers for a fee.
- Access to Properties: Learn how to access both listed and unlisted properties, including FSBOs.
Market Opportunity:
- Texas Market Size: In 2023, there were 328,000 residential transactions in Texas. The non-agent market, per NAR, represents 10%, translating to roughly 32,800 potential transactions.
- National Potential: With 4.5 million transactions across the U.S., the opportunity to capture the buyer side market is substantial.
Proof of Concept:
- Live Access to MLS: Currently operational in Dallas and Houston, with plans to expand across Texas and other states as demand grows.
- Complementary Services: Future expansions include sites for service providers (lenders, title companies, contractors), a public FSBO site, and an agent showing services site.
Product Evolution:
- Developed for Investors: Originating as the Home Investor Tool (HIT) in a 2018 partnership, it has been reoriented to meet the needs of DIY buyers.
- Technical Excellence: Built on a scalable JAVA back end, with a recently updated Angular 18 front end and new UI under development.
Funding and Development:
- Series A Funding: Currently raising funds to complete proof of concept. Future series will support additional sites and services.
- Active Development: The product is under active development, with contract generation being finalized. Demonstrations are available live or via Zoom.
Regulatory Readiness:
- Agency Disclosure Rules: Prepared for changes effective August 17, 2024, ensuring compliance and transparency.
Join the revolution in real estate with BeYourOwnBroker.com. Take control, save money, and make informed decisions with confidence.
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