DIY real estate platform that cuts out the need for realtors, HomeLister, has announced that it raised $4.5 million in a seed funding round led by MetaProp and Homebrew. HomeLister plans to use the funding to expand into new states.
Satya Patel, general partner at Homebrew, in a statement:
"HomeLister has created a scalable, software-driven platform that provides the average home seller a fair way to sell their home faster and to keep more of their own money. HomeLister has turned the home selling process from something complicated and opaque into a simple, guided process that can work for any home."
HomeLister is a free-to-join platform that offers to share listings after paying a flat fee, across local MLS’s and real estate websites, like Zillow, Trulia, and Realtor.com, effectively cutting out the need to pay extra for a professional realtor’s help.
Working in the same vein as other companies like Redfin, HomeLister offers a suite of pick-and-choose services for homeowners, without the need for a real estate agent. These services include photography and assistance with paperwork and legal documentation and disclosures. Though these come with fees, no one takes a proportional profit from the selling of the house.
Co-Founder and CEO Lindsay McLean explained:
"We really base all of our services on how much work we're really doing for you. It's the same amount of work for us to sell a 1,000 square foot home as a 4,000 square foot home. And so that price is going to be the same."
McLean says that the allure is the speed that homes sell through HomeLister without the need of an agent that makes it so attractive and why she is actively looking to expand into more states tap into new markets.