Real Estate Startup Nexme Launches Services in Booming Boston Residential Real Estate Market

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New Customer-Centric High Tech Home Buying and Selling Tools Now Available

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“We chose to expand our services to Boston because it’s a great city to live in and we think Nexme customers will be excited about it. It’s a vibrant walkable city with good schools, tech innovation, cultural diversity, and more.

Seattle area real estate startup Nexme, today announces the expansion of its home buying and selling platform to the greater Boston area. Home buyers and sellers in Boston Massachusetts now have instant access to homes for sale through Nexme’s Tour Now feature, which offers virtual and live home tours. Nexme’s Make an Offer features let home buyers make an offer on demand. The launch also includes a Boston-wide partnership with Total Mortgage Services LLC.

“We chose to expand our services to Boston because it’s a great city to live in and we think Nexme customers will be excited about it,” says Arian Abdulkader, Nexme’s Founder and CEO. “It’s a vibrant walkable city with good schools, tech innovation, cultural diversity, and more. Eighty percent of Massachusetts residents live there. From a market perspective, there’s a bit of a buying frenzy with no buyer slow down so far, even despite the Covid-19 pandemic. Buyers will want to see homes virtually right away and be able to make an offer instantly, which Nexme can help them do.”

What Is Nexme Bringing to Boston?
Nexme simplifies and streamlines the home buying and selling process. Nexme gives homebuyers instant access to homes and full-service real estate agents. Unlike other real estate services that require buyers to commit to an agent right away, Nexme requires no commitment until buyers are ready to make an offer. Nexme also saves buyers and sellers money. Unlike other real estate companies which have a 3% listing fee, Nexme agents agree to a 1.5% listing fee. Other real estate company’s agents also charge a 3% buyer’s agent commission fee. Nexme agents agree to a 1.5% commission, so home buyers get 50% of that commission back to themselves. This can be used for all the prepaid items that go into closing a sale, such as home insurances, taxes, and more. Nexme’s partnership with Total Mortgage in Boston will help buyers get the best possible mortgage rates.

“In the past few months, we’ve seen companies across all industries move towards digitization," says Andrew Penner, Chief Marketing Officer, Total Mortgage Services, LLC. "Nexme has managed to take the complexity of a real estate transaction and distill it down to an intuitive digital process that empowers buyers to request a pre-approval and make an offer right away. In competitive markets like Boston, this can be a huge advantage.”

Boston Real Estate At A Glance

  • Boston is popular: 80% of Massachusetts residents live in Boston.
  • It’s at an all-time high: Median single family home prices rose 5.3% in July 2020.
  • Boston home market: Home inventory is low with no slowdown in buyer traction.
  • Schools: Universities such as Boston University, Harvard, and MIT attract an international community looking to buy a home during their stay.
  • Tech hub: In addition to the tech giants Amazon, Microsoft and Google having large campuses in the greater Boston area, it’s also home to startups such as Wayfair, Hubspot and TripAdvisor.

Reinventing Real Estate
“Compared to other industries, real estate is a dinosaur; it hasn’t truly innovated and put customers at the center of the process. Nexme is changing that,” says Abdulkader. “Innovation lets people buy groceries, shoes, and cars and start enjoying those items same-day. We believe real estate should be more like eCommerce; simple, transparent, and even fun. It’s an investment you get to live in and one of the most important transactions of a person’s life. Real estate is a one trillion dollar plus market. We believe it’s time to change the dynamics and put control back in the hands of the home buyers and sellers, and that’s exactly what Nexme is doing.”

About Nexme
Nexme is the Seattle area-based startup that’s rethinking real estate by putting people at the center of the home buying and selling experience. Nexme’s on-demand full-service agents are available to show homes and help buyers make an offer with the click of a button, and there’s no commitment to stay with an agent until a buyer is ready to make an offer. Our agents agree to a 1.5% commission (half the industry standard), saving both the buyer and the seller a great deal of money. Through its partners, Nexme also connects home buyers with mortgage lenders. Nexme is currently available in Washington state and the greater Boston area in Massachusetts. For more, visit http://www.nexme.com

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Jenn Jacobson
Nexme, Inc
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