New iBuyer platform Offerai inspired by Zillow Instant Offers

Company packages homes under contract in LLCs and sends to pool of investors to close
  • Ibuyer platform uses Facebook Messenger to collect home information.
  • While in beta, the company will base offers on Zillow's Zestimate.
  • Company puts all contracts under individual LLCs and sells to investors.

Faster. Better. Together.
Inman Connect San Francisco, Jul 16-20, 2018

Have suggestions for products that you'd like to see reviewed by our real estate technology expert? Email Craig Rowe. Offerai.com, launched just last week, is a new iBuyer service that allows homeowners to sell their home without an agent "in only a few clicks." A request for an offer launches Facebook Messenger, followed by a bot that starts a loose home valuation process, which consists of users selecting images of rooms in declining states of quality that resemble the condition of the same rooms in their home. For example, kitchen A is brand new and modern, kitchen C resembles an off-campus freshman apartment and kitchen B is somewhere in the middle; you chose which photo best represents your kitchen. The process is the same for a bathroom, garage, roof and backyard. It also asks for uploads of the actual rooms, but that step that can be skipped. If a seller doesn't accept an offer, they can choose to contact an agent. Offerai will earn a referral fee from agents...