Home61

Early Stage

Home61 is a tech company dedicated making the home-buying experience easy and enjoyable.

Analytics

Raised to Date: Raised: $401,856

Aggregate Commitments $

Platform

Netcapital

Start Date

10/11/2017

Close Date

04/16/2018

Min. Goal

$10,000

Max. Goal

$1,069,997

Min. Investment

$101

Security Type

Equity - Common

Funding Type

RegCF / RegD 506(c)

Pre-Money Valuation

$16,604,299

Rolling Commitments $

Status
Funded
Reporting Date

04/29/2018

Days Remaining
Funded
% of Min. Goal

4,019%

% of Max. Goal

38%

Likelihood of Max
Funded
Avg. Daily Raise

$2,149

Momentum
Funded
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Location

Miami, Florida

Industry

Real Estate & Construction

Tech Sector

Playing house as a kid was fun. Buying a house when you’re an adult is not. From thinking your real estate agent is ripping you off to feeling like you didn’t get the best deal, it’s not a process anyone enjoys (well, except maybe the real estate agent getting their commission payout).

Enter Home61. This startup aims to reinvent the home buying experience in a way that generates value for everyone -- not just the real estate agent. By using technology along with highly qualified agents who care about their clients, Home61 wants to bring transparency, excitement, and simplicity to the real estate and house buying processes. Home61 provides all the data on homes for sale in one easy-to-use platform, where users can easily schedule viewings, access notes and analytics, and engage in a streamlined contractual process for buyers and sellers.

Home61’s technology allows agents to focus more of their time directly on serving their customers -- and the proof seems to be in the (house) pudding. Home61 agents close eight times more than the market and have grown their sales from $24M to $44M in the past year. The American real estate market earns $2 trillion a year in transactions and over $60 billion in commissions. With tech-savvy millennials approaching the average home-buying age, Home61 is ideally positioned to serve their needs and become their real estate solution of choice.

Part of the success also stems from how the agents are paid. They earn a competitive salary rather than commissions. This way, they can give all of their clients equal attention, regardless of the homes their clients are interested in and the potential commissions. That, plus their technology, sets them apart in a market saturated with competition from both local agencies and big names (Redfin, Zillow, and Compass ring a bell?). Home61 also already has notable investors, such as Kima Ventures, 500 Startups, and Uber.

Maybe Home61 is what potential home-buyers have been looking for: the chance to successfully engage with the real estate process and achieve the American dream. One nation, under home ownership, with equal agent attention -- for all.
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Home61 on Netcapital
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Platform: Netcapital
Security Type: Equity - Common
Valuation: $16,604,299

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