Recently launched listing service Offerapp already is expanding its reach, adding an online buying service and planning to enter new markets.
Offerapp creators Dustin Anderson and Tony Melvin claim their app will do what Airbnb did to accommodations, what Uber did to taxis and what Tesla is doing to automobiles.
“You can find any property listed on the MLS in mid-west Florida, submit your offer and we’ll rebate the buyer at closing, all online,” Anderson said. “Unlike other rebate services which rely on complex cash rebates or other gimmicks that cannot always be fulfilled, at Offerapp we simply apply the rebate to the purchase price. The seller still gets the same amount, but the buyer saves money.”
Residential real estate in this country is 4% over-priced due to excessive commissions, Melvin said.
“Property sales were roughly $2.2 trillion in 2020, so that’s an extra $90 billion consumers paid,” he said. “We plan to change that by streamlining the process and removing the inefficiencies. But unlike other online real estate services, we’re not here to service the agents, we’re focusing on the consumer. We want to make real estate transactions faster, easier and cheaper for the consumer.”
Offerapp covers mid-west Florida but will soon expand to California. Anderson, a licensed broker, has operated in both states for the past seven years and has been in the industry for nearly 20 years.
“They are two very different markets, but one thing they have in common is buyers and sellers don’t want to pay 6% commissions,” he said. “With Offerapp we charge buyers only 1% and rebate the difference. So on a million-dollar property, the buyer can save up to $20,000.”
The duo plan to expand their services across the United States.
