GetYourNest.com Launches Home Buying App In Phoenix Following $1.2M Pre-Seed Capital Raise and $2.4M Tech Investment
New Buyer-Centric App Offers On-Demand Viewings, Ability to Make Offers and Close on a Home with a Few Clicks, 50 Percent of Agent Commission is Given Back to Buyer
PHOENIX, June 15, 2021 /PRNewswire-PRWeb/ -- GetYourNest.com, a new app-based home buying experience launched in Phoenix today, providing on-demand home viewings and an industry-leading credit back at close: 50 percent of the agent's commission goes back to the buyers.
Following a successful $1.2 million pre-seed capital raise, GetYourNest.com has already invested nearly $2.4 million in the technology and the marketing for the platform. The start-up chose Phoenix as its initial market and spent three and a half years developing the proprietary technology prior to going live with a goal of solving the problem of access and affordability for today's buyer who expects on-demand experiences.
GetYourNest.com instantly connects savvy home buyers with a network of available real estate agents who are able to show a home on the buyers' schedule. While the buyer is touring the home, the tech is set up to generate the necessary paperwork to allow an interested buyer to make an offer on the home instantly - a critical factor in a hot market. GetYourNest.com professionals provide in-app guidance on market comps and price to ensure success.
Research from the National Association of REALTORS (NAR) illustrates that buyers independently search for an average of three weeks before even calling an agent. In 2019, there was $200 billion in residential brokerage revenue with six million homes sold. Millennials make up nearly 40 percent of home buyers, yet the majority of millennials have regrets about purchasing their current home with the top reason being the hidden costs associated with buying a home.
"The real estate process is antiquated and we want to give the control and power back to its users. Real estate agents are paid too much, especially given the fact that buyers are doing most of the work. Buyers are forced to work around the agent's time and schedule - it makes zero sense," said Eugene Quackenbush, designated broker, co-founder and COO of GetYourNest.com. "Get Your Nest has one goal: to change the way homes are bought. We are solving the problem of access and affordability for home buyers, especially in a world where consumers expect brand experiences to be on-demand."
While the founders know the technology is disruptive and exposes the traditional agent relationship, it lets consumers get back to basics when buying a home and simplifies the process. In addition, the company's no-strings-attached rebate program allows the buyer to leverage the rebate without having to jump through hoops. The rebate isn't capped so the savings can be significant, for example, a $500,000 home could yield as much as a $7,500 rebate.
GetYourNest.com was created by Quackenbush, along with Brandon LaVallee, co-founder and CTO and a team of real estate and technology professionals with over 20 years of experience in the valley. Quackenbush was a founding Opendoor employee on the development and expansion team, responsible for scaling Opendoor to 24 markets. He is also a licensed real estate broker and worked in asset acquisitions and management for one of the largest single family REITs, American Residential Properties. LaVallee was also on the acquisitions team at Opendoor, helping them purchase over 1,300 homes through agent and REIT partnership channels. He is a licensed real estate broker in N.C. and a licensed agent in Ariz., Fla., Nev., and Ore. He was also an early Yelp employee through the company's IPO in 2011.
The company plans to roll out nationally, with an immediate plan to be in three U.S. markets by year end. The GetYourNest iOS app is now available in the Apple Store and will be available for Android devices in the near future.
For more information, please visit http://www.GetYourNest.com.
About GetYourNest.com
GetYourNest.com is a Phoenix-based home buying app that was born out of a desire to help people buy homes on-demand and with the lowest fees possible. Through its proprietary and easy-to-use app, home buyers can browse, view on-demand, make an offer and close on a home quickly and on their own time. GetYourNest.com also offers an industry-leading credit back of 50 percent of the commission at close. Download the iOS app in the Apple Store or visit http://www.GetYourNest.com.
Media Contact
Elyse Johnson, Serendipit Consulting, (620) 202-3037, [email protected]
SOURCE GetYourNest.com
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