Zavvie has announced the latest in real estate problem-solvers: “zavvie Power Buyer,” a white-labeled solution exclusively for leading brokerage clients.
Currently available to 14 Zavvie partner brokerages in 11 states and the District of Columbia, the new service provides both “Cash Offer” and “Buy Before You Sell” Modern Bridge solutions, which are collectively helping brokerages significantly increase their mortgage capture rates, according to Zavvie CEO and Co-Founder Lane Hornung.
“When brokerages use Zavvie Power Buyer, they are seeing between a 10% and 15% increase in their mortgage capture business because we connect clients directly to the brokerage’s preferred lender,” said Hornung.
Hornung emphasized that Zavvie’s Power Buyer program is not a match for every brokerage, fitting best with firms that offer mortgage services. “The Zavvie platform continues to showcase all the other leading Power Buyers solutions, as our program is designed to be complementary, not competitive,” Hornung added.
The Zavvie Power Buyer solution is available at brokerages including The Keyes Company in Florida, Home Pros in Texas, Re/Max Professionals in Colorado and Berkshire Hathaway HomeServices Stouffer & Preferred in Pennsylvania, among others.
“Immediately empowering buyers with Cash Offers, or sellers with a Buy Before You Sell solution, can create more transactions and open up more inventory. As a bonus, adding our in-house mortgage company as the ‘go to’ for all solutions – traditional and modern – has increased our capture rate,” said Christina Pappas, president of The Keyes Company, an independent and family-owned brokerage in Florida.
Last month, Zavvie announced the completion of a $3.5 million funding round led by existing investors, including Second Century Ventures, the startup incubator backed by the National Association of Realtors. Hornung said that “2023 will be a breakout year for Power Buying because Cash Offers will particularly help first-time buyers.”
Zavvie’s nationwide footprint covers nearly 50 states, serving more than 75,000 agents and potentially reaches more than 400,000 agents through partnership integrations.
