OwnCrib in Lansing has launched OwnCrib, an automated, online real estate platform designed to simplify the home buying and selling process, which can save the average seller more than $20,000 in real estate agent fees per transaction and offer buyers discounts. Strong to 3 percent.
An online tool kicks in when the real estate market reflects high prices and bidding wars between interested buyers.
“OwnCrib subscribers can supply sellers in a less traditional way than buyers, and still make more money for the seller with our services,” said Ryan Carpenter, president and CEO of OwnCrib. “Many people are convinced to forego inspections and appraisals to increase their chances of winning a bidding war, risking the removal of their only defenses.
“With OwnCrib, you can still check and review, because the seller is making more money off their offer, so it’s worth an extra week or two to them.”
Now available in Michigan, OwnCrib eliminates the need for traditional processes and players and is available with easy payment regardless of purchase price.
“No one cares more about buying or selling your home than you do, so we empower you with tools to take the process at your own pace,” says Carpenter. “Self-service is the future for almost every industry, and with the money we’re talking about in real estate, it only makes sense that the market will continue.
“That’s why we’re bringing to market an automated online platform that provides the tools, third parties and contracts necessary for people to easily manage their real estate transactions on their own.”
Carpenter, a former real estate agent and mortgage loan originator, made the traditional home buying and selling process obsolete after realizing much of his work could be “automated.” Unlike other online real estate services, OwnCrib has no hidden fees and brings both home buyers and sellers together on one platform, saving the maximum amount possible for both parties in the transaction.
“Most online platforms serve as a discount broker or lead referral source for agents,” says Rachel Sanchez, co-founder of OwnCrib. “They have a lot of hidden fees, so when you look at the whole picture, you get little, if any, savings. With OwnCrib, you spend the same amount of time as you would with an agent, but you get to keep your money.”
Purchase and sale transactions are handled directly between parties who choose to use the platform services. OwnCrib said it is working to improve the experience and introduce additional features to further automate the scheduling, negotiation and communication processes and tasks between third parties. Although financing is still handled by traditional financial institutions, OwnCrib is currently in the process of partnering with mortgage lenders and title companies to provide its customers with a more streamlined process.
At OwnCrib, buyers and sellers can choose from packages ranging from $299 for the “Basic Buyer Package” to $999 for the “Premium Seller Package,” which includes several additional features, such as an experienced transaction coordinator to oversee the transaction.
To understand more, visit OwnCrib.com.