Real Estate Investment, Buying/Selling

Rent. Group, Inc. Greatly Expands the Reach of Its Client Listings to 350M+ Monthly Visits with New Strategic Agreement with Realtor.com®

Businesswire | April 10, 2023 | Read time : 05:00 min

Rent. Group, Inc. Greatly Expands the Reach of Its Client Listings

Rent., a leading provider of integrated marketing solutions to the multifamily and single-family rentals industry, and Realtor.com®, today announced a rental content listing distribution agreement. RentMarketplace. listings now will be distributed to the large Realtor.com® audience in addition to the current exposure on the Rent. family of sites: Rent.com, ApartmentGuide.com, Rentals.com and Redfin.com.

A first in the industry, RentMarketplace. is the only listing network providing multi-family properties access to two of the nation’s largest real estate listing sites: Redfin.com and Realtor.com®.

“At Rent., we are committed to simplifying the rental experience by connecting the right people with the right properties. In teaming up with Realtor.com®, we have significantly expanded the reach of our clients’ listings,” said Jon Ziglar, CEO of Rent. “RentMarketplace. is the only multi-family listing network to cover two of the largest real estate networks in the country, which brings incredible value to our partners and makes it easier for properties to connect with their next renter.”

The rental listing data provided by Rent. complements Realtor.com®’s current rental content derived from direct relationships with single-family and low-rise rental owners, residential property management companies, and multiple listing services nationwide. The addition of the listing data from Rent. provides a more comprehensive experience for people looking for a home or apartment to rent.

Laurence Jankelow, Realtor.com®’s Vice President of Rentals added: “As we continue to invest in and grow Realtor.com®’s open rentals marketplace, we are excited to work with new content partners of all shapes and sizes that allow us to create a better consumer experience for renters on our site. Millions of consumers search Realtor.com® each month for their next home or apartment, and as we continue to expand our audience and listings content to include the widest selection of quality rentals and more choices than ever before, we are helping drive greater results for our partners.”

With this agreement to expand content to the Realtor.com® audience, active subscription client property listings on Rent., which represent a subset of total inventory, will now receive access to over 350 million visits each month, vastly expanding their reach and exposure to potential renters, increasing leads and filling more vacancies.

About Rent.

Rent. is a two-sided marketing platform that simplifies the entire renter experience by matching the right property with the right renter, at the right time. Rent. services the property side of the market with scaled marketing solutions such as search engine marketing, lead nurturing through chat bots and client automation tools, and reputation management through ratings and reviews as well as social media monitoring and marketing. This, paired with advanced search filtering and an optimized consumer app and site experience, enables Rent. to offer renters an ideal home-finding experience. Rent. exists to help people find the perfect place. Rent. is operated by Rent Group Inc., a subsidiary of Redfin Corporation.

About Realtor.com®

Realtor.com® is an open real estate marketplace built for everyone. Realtor.com® pioneered the world of digital real estate more than 25 years ago. Today, through its website and mobile apps, Realtor.com® is a trusted guide for consumers, empowering more people to find their way home by breaking down barriers, helping them make the right connections, and creating confidence through expert insights and guidance. For professionals, Realtor.com® is a trusted partner for business growth, offering consumer connections and branding solutions that help them succeed in today’s on-demand world. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. For more information, visit Realtor.com®.

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Real Estate Technology

Flyhomes Enters Definitive Agreement to Acquire Assets from Home Sale Assured

Flyhomes | September 12, 2023

Flyhomes, creator of the world’s best home buying and selling experience, has entered into a definitive agreement to purchase certain assets from Innovative Holdings, LLC, doing business as Home Sale Assured, a leader in the field of ‘buy before you sell.’ Founded in early 2022 by Eric Meadow, Home Sale Assured’s flagship product is the Guaranteed Backup Contract, which empowers existing homeowners to buy their next home before closing on the sale of their current one. As part of the deal, Flyhomes will be acquiring the Home Sale Assured brand, and Meadow will be joining Flyhomes in a senior executive capacity where he’ll report to EVP of Mortgage & Closing, Dan Richards. “Eric is a seasoned mortgage professional who has built something really special with the Guaranteed Backup Contract,” said Tushar Garg, co-founder and CEO at Flyhomes. “Its ability to remove friction from the buying and selling process, while adding assurance, flexibility, and customer-centricity, aligns perfectly with our core tenants here at Flyhomes. This deal strengthens our offerings and gives us more tools to serve more customers looking for a better way to buy and sell a home.” Following the close of the deal, lender and realtor partners will be able to continue offering their customers access to the Guaranteed Backup Contract through the Home Sale Assured brand at Flyhomes. Understanding the importance of the customer-agent relationship, Guaranteed Backup Contract was designed to enhance the role of real estate agents and lenders. This ensures everyone moves in unison toward the common goals of seamlessly transitioning the customer into their new home and selling their prior home for maximum value. “We’re thrilled to be adding Eric and the Home Sale Assured brand to the Flyhomes family of products,” said Dan Richards, EVP of Mortgage & Closing at Flyhomes. “Eric brings 25 years of mortgage industry experience, from his time as President of Celebrity Home Loans (at the time a national multi-billion dollar retail lender) to his recent success as an entrepreneur at Home Sale Assured. His deep operational knowledge and network of relationships will play a key role in extending our portfolio of products nationwide.” “It’s an honor to be joining Flyhomes at such a critical point in residential real estate,” said Eric Meadow, CEO and founder of Home Sale Assured. “There remain far too many obstacles to home ownership these days, be it first-time home buyers, or in the case of Home Sale Assured, current homeowners trying to move. Consumers, agents and lenders are all looking for practical solutions to overcome these institutional challenges and Flyhomes has been at the forefront of this category. I’m ecstatic to now be able to leverage their advanced infrastructure and resources to bring the Guaranteed Backup Contract to more customers.” Benefits of the Guaranteed Backup Contract: With a valid purchase offer, a lender is able to apply standard agency guidelines to remove the departing debt obligation from the consumer’s debt to income ratio. Thus allowing the lender to approve the loan on the new home before the consumer closes on the sale of their prior home. The consumer is able to close on and move into their new home and take up to 90 days to close on the sale of their prior home. The consumer can work with a real estate agent to list their prior home for sale during this 90-day option period. If the consumer receives a better offer, they can cancel the Guaranteed Backup Contract and sell their home to the higher offer. About Flyhomes Flyhomes is building the world’s best homebuying and selling experience. Launched in 2016, Flyhomes has reinvented the homebuying and selling process at every step, making the process smoother and simpler for consumers with offerings like the Flyhomes Cash Offer and Buy Before You Sell. They back these services with a unique guarantee that gives both buyers and sellers certainty and peace of mind that is unheard of in real estate. To date, they’ve helped clients close on more than $6 billion worth of homes at prices ranging from $150,000 to $7 million.

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Market Outlook, Real Estate Investment

Zillow and Redfin announce partnership to help buyers and home builders connect

PRNewswire | August 02, 2023

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A Redfin analysis found that in the first half of 2023, one-third of single-family homes available for buyers to choose from were new construction, a record-high share. "Zillow provides a standout platform for home builders to highlight their communities and connect with potential buyers. Zillow's Community pages, in particular, help buyers understand the benefits of a new-construction home and give home builders a place to highlight all the amenities within a new-build community," said Owen Gehrett, vice president and general manager of New Construction at Zillow. "The partnership with Redfin extends this unique and valuable resource to a wider audience. It benefits home builders by expanding their reach to additional home buyers, while empowering home shoppers to make confident and informed decisions, regardless of where they choose to shop." Zillow boasts the largest selection of new-construction communities of all real estate websites in the U.S.,1 making it the ultimate choice for buyers seeking new homes and home builders looking to connect with those prospective shoppers. Through this strategic partnership, home builders will also market their new-construction communities to Redfin's extensive customer base of 50 million monthly visitors. Builders partnering with Zillow will begin to see their listings and communities syndicated to Redfin in the fourth quarter of 2023. "With buyer demand outpacing the supply of existing homes for sale, Redfin's home-buying customers are increasingly turning to new construction," said Adam Wiener, Redfin's president of real estate operations. "Our Zillow partnership will help our customers discover more homes that fit their criteria. This is a win-win-win for our customers, agents and the builders who advertise with Zillow, who will now reach the homebuyers on Redfin. The partnership provides a new revenue opportunity while allowing us to focus on what we do best, helping customers buy and sell homes with local Redfin agents." As part of the rollout, Redfin will launch new features to help buyers discover new-construction communities and connect with home builders, powered by Zillow's Community pages. These pages highlight important community amenities, featuring photos, videos, community maps and amenity details, which is incredibly important to new-construction buyers. According to Zillow's 2023 New Construction Consumer Housing Trends Report, 53% of new-construction buyers greatly value shared amenities such as clubhouses and fitness centers, compared to only 24% of existing home buyers. Community pages also list all available homes for sale within the community, including homes that are move-in ready, nearly complete and lots, and provide a direct link to the builder's website, contact information and sales center hours. These features enable builders to showcase their homes, amenities and details in one convenient place, and soon, the features will be accessible to both Zillow and Redfin shoppers. Upon the launch of the partnership, Redfin will source non-MLS new-construction listings exclusively from Zillow. New-construction listings available through an MLS will still be discoverable on Redfin. About Zillow Group Zillow Group, Inc. is reimagining real estate to make home a reality for more and more people. As the most visited real estate website in the United States, Zillow and its affiliates help people find and get the home they want by connecting them with digital solutions, great partners, and easier buying, selling, financing and renting experiences. Zillow Group's affiliates, subsidiaries and brands include Zillow®; Zillow Premier Agent®; Zillow Home Loans℠; Zillow Closing Services℠; Trulia®; Out East®; StreetEasy®; HotPads®; and ShowingTime+℠, which includes ShowingTime®, Bridge Interactive®, and dotloop®. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with same day tours, and our lending and title services help them close quickly. Customers selling a home in certain markets can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Customers who buy and sell with Redfin pay a 1% listing fee, subject to minimums, less than half of what brokerages commonly charge. Since launching in 2006, we've saved customers more than $1.5 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 5,000 people.

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Market Outlook, Real Estate Investment

JPAR® - Real Estate Announces Acquisition of JPAR Modern Living in McAllen, Texas

PRweb | July 14, 2023

JPAR® - Real Estate, a leading real estate brokerage company, announced today the acquisition of JPAR Modern Living, a franchise affiliate located in McAllen, Texas. The acquisition represents a significant milestone in JPAR® - Real Estate, Texas’ expansion strategy. JPAR Modern Living, led by the esteemed Anna Hammad, has a stellar reputation as a trusted real estate brokerage renowned for its commitment to excellence, exceptional service, and cultivating long-term client relationships. The acquisition represents a powerful alliance, combining JPAR® - Real Estate’s corporate resources, the incredible platform built by Anna Hammad, and the tremendous growth opportunity and strategic significance of the McAllen and Rio Grande Valley markets. "The potential that the McAllen market holds is remarkable, and we view this acquisition as a catalyst for JPAR® - Real Estate’s accelerated growth in this region,” says Chris Sears, President, JPAR® - Real Estate, Texas. "Anna Hammad has built an impressive franchise over the last four years, and by bringing JPAR® - Real Estate’s corporate resources to bear on this market, we can unlock unparalleled opportunities for JPAR’s expansion.” JPAR® - Real Estate and JPAR Modern Living will benefit significantly from this acquisition. JPAR will look to establish a dedicated market leader, empowering the leader to spearhead agent recruitment, development, and retention efforts. The office will also leverage the company’s robust recruiting infrastructure, successfully recruiting over 900 agents last year. Aligned with the recently developed recruiting initiative focused on Spanish-speaking agents, JPAR® - Real Estate is also focused on lead-generation efforts for the Hispanic market. These initiatives will bolster agent diversity and better serve the community’s needs. “We are committed to providing our agents with support and opportunities for growth,” says Anna Hammad, Owner, JPAR Modern Living. “With a dedicated market leader, our agents will receive increased access to the same comprehensive training programs and mentorship that have propelled our company-owned locations to great success.” This acquisition perfectly aligns with JPAR® - Real Estate’s long-term growth strategy, which revolves around establishing a strong presence in attractive markets and empowering agents. With its robust population of nearly 900,000, the McAllen market presents immense potential. Agents joining JPAR® - Real Estate will benefit from the company’s industry-leading 100% commission model and extensive support, equipping them with the tools and choices needed to build their businesses successfully. About JPAR® Real Estate JPAR® - Real Estate is a full-service real estate brand and franchise platform offering a highly competitive transaction fee-based model and agent-centric culture. The JPAR® platform provides agents seven (7) days-per-week support, a comprehensive tech stack, marketing, lead generation, training, and mentoring. JPAR® affiliated owners benefit from compliance review, 1-on-1 consulting, recruiting support, and a peer network of influential industry leaders. The company boasts 4,000 agents operating in 65 offices across 25 states and closes $7.8B annually in sales volume.

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