Estately Inc., a Seattle-based real estate brokerage company that offers a map-based property-search platform, announced that it has received in $450,000 from "a small group of online entrepreneurs."

The company, which launched as ShackPrices.com in December 2006, works on a referral basis by connecting consumers with real estate professionals at other brokerage companies. The company charges a 20 percent referral fee.

"The new funds will be used to allow Estately to grow into new markets, further expand on Estately’s feature base, and build out distribution channels," according to the announcement this week.

Galen Ward, Estately co-founder, said he could not reveal the company’s specific expansion plans or name the investors who contributed funding. Ward and co-founder Douglas Cole had funded the company since its launch.

The site allows users in Washington state to view property information pulled from the Northwest Multiple Listing Service, and searches can be narrowed based on text searches for keywords, for example, or by proximity to bus and light rail lines. Users can also search for homes within or nearby specific neighborhoods, or search by ZIP code and city. Users can also schedule property viewings.

Estately has a Realtor ranking system, and Realtors who participate in the company’s referral program are screened based on experience, recommendations, and reviews and interviews.

***

What’s your opinion? Leave your comments below or send a letter to the editor.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription