Proptech startup SimpleShowing raises $1M in funding

SimpleShowing raises $1 million to optimize the capabilities of its platform and expand its services, geographically to help its users save time and money during the home buying life cycle

Atlanta-based proptech startup, SimpleShowing, has announced it has secured $1 million in funding which it plans to use to continue the growth of its real estate platform. SimpleShowing offers a streamlined, deep-tech, home touring and buying process which helps consumers save time and money when purchasing a home. On average, those who choose to buy or sell their home through the SimpleShowing website or mobile app receive an average commission refund of about $5,600.

"The majority of home shoppers now find the home that they ultimately buy on their own, without an agent. In other words, the home buyer is the one that is doing most of the work in the home shopping process. Yet, consumers by and large still hire an agent after shopping for months on their own. We believe this because no reasonable alternatives have existed in the past. Our software is giving the consumer more freedom and control of the touring and offer process -- making it more intuitive, efficient and affordable.”

—Fred McGill, Co-Founder and CEO of SimpleShowing

By utilizing the SimpleShowing homebuying platform, customers can shop for properties online, schedule home tours on demand, and even access select properties independently, without a real estate agent. SimpleShowing also works with consumers that are selling their home. The company, which is licensed as a full service brokerage, charges home sellers a 1% listing fee that is collected at closing, upon completion of a successful sale.

SimpleShowing has represented the purchase or sale of properties valued at less than $100,000 over $1 million, as well as transacted between 500 and 1,000 sales by the end of next year. 

SimpleShowing began offering this service in Atlanta, Georgia in May of 2017 and since has expanded into Orlando, Tampa, and Miami, FL. The company plans to continue to expand in this way, entering more states by 2020 through the partnership of direct and affiliated agents.

SOURCE SimpleShowing
Edited by V. Haviland

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