BAM Key Details:
- iFinder Offers, the first “dating app” to match home buyers and sellers, has released its 2022 growth results, which show an 85% increase in home submissions.
- As a matchmaking service for sellers and quick-close home buyers, iFinder Offers saw their number of properties submitted grow to over 650 from 2021 to 2022.
iFinder Offers has sought to bring the hellish experience of online dating to the real estate industry since its launch in 2021.
But instead of making a love match, the app matches home buyers and sellers. And the growth has been impressive— from 2021 to 2022, the number of properties submitted increased by 85% and closed contact volume grew by 65%.
And here’s the kicker—iFinder averaged four offers per property over the past 12 months. Of course, multiple offer situations have been the norm for the past couple of years.
As iFinder prepares to scale its innovative “swipe right/swipe left” service for homeowners, iBuying operations like Opendoor could struggle even more than they did in 2022.
Those looking for love and a quick sale should probably stick to Tinder—and leave the home buying and selling to professionals. But we all know some people would do anything to skip paying a commission.
Here’s what you need to know.
Why is this a big deal?
Swiping right (or left) has become a popular way to sort through your options—whether it’s potential dates or, in the case of iFinder, for-sale properties in your area.
And here’s what sellers can avoid when they submit their properties to iFinder Offers:
- Open houses
- Private showings
- Home repairs
- Yard signs
- Haggling on prices and concessions
- Price or size limits for property submissions
Sellers who use the app can expect to receive a spreadsheet with the exact amounts they would net from each offer on their property. They simply choose the one they want and go from there.
True, this service doesn’t involve real estate agents, but neither does it market itself as the only option homeowners and potential home buyers need.
It serves a niche market.
And let’s face it; it’s refreshing to see an option that doesn’t use agents but isn’t actively hating on them.
iFinder Offers is getting ready to launch the 2.0 version of their app, which allows vetted buyers to choose properties available for bidding from a pool of motivated sellers.
“While many quick sale solutions have not proven to be sustainable, our model of connecting home sellers with our pool of certified and vetted home buyers (private and institutional) is satisfying seller demand for convenience and certainty with no showings needed to receive offers on your home. And of course, in this time of declining inventory, home buyers/investors love the opportunity to review a constant stream of properties available for purchase.
iFinder Offers launched their matchmaking concept in six markets—with expansions planned for 20 more markets in 2023.
Smokey Garrett, Managing Partner for iFinder, is over the moon about the past year’s growth in property submissions and in their number of certified buyers/investors.
And they’re more than ready to see its mass expansion in 2023.
The marketplace is hungry for this type of connection between sellers and quick close buyers. We are proud of our innovative service and technology that are allowing us to lead in this transformational real estate space. We average four offers per property submitted in the last 12 months, with some properties receiving 10+ offers from certified buyers in a matter of days. We do not have price, size or location restrictions – our buyers/investors/bidders love to buy real estate and our home sellers can use their equity to pay off debts, take a trip, buy a new place – or maybe all 3.
More about iFinder Offers
The goal of iFinder is to provide a stress-free solution for homeowners to sell their homes as easily, quickly, and conveniently as possible. Their technology connects property owners to a network of vetted and enthusiastic buyers and investors—both private and institutional.
Each of the latter have undergone an approval process to prove they have the money and resources to quickly close on a real estate purchase.
And while other “quick sale” options out there give sellers only one offer, one option, iFinder Offers averages four offers per property, with some getting 10 or more.
Plus, instead of a large, impersonal entity buying their property, sellers are connected with real people who are genuinely interested in their home.
To learn more, visit iFinderOffers.com.