Sundae
15 percent of American homes are too damaged for traditional buyers. Sundae puts them in front of 200 investors at once instead of one lowball flipper. Sellers got 10 to 30 percent more. The margin came from fixing market structure, not houses.
Most home sellers have options. Stage a property, hire an agent, list on the MLS. But roughly 15% of American homes are in such poor condition no traditional buyer wants them. These sellers face a brutal choice. Accept a low ball from a flipper or spend 50,000 on repairs they cannot afford. Sunday built a marketplace for this segment. A homeowner requests an offer. Sunday inspects the property, then lists it on a private marketplace where hundreds of pre-vetted investors bid against each other. Competition drives up the price. Sellers received 10 to 30% more than from a single cash buyer. By 2022, over a billion in home sales across seven states.
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