OffrBox.com Provides Hurricane Victims Opportunity to Sell for More Than Pennies on the Dollar
Real estate tech startup giving back to hurricane devastated communities by listing properties for homeowners with flooded homes. OffrBox.com will market properties to its 200K list of buyers and donate $1,000 back to homeowner upon sale.
Houston, TX, November 24, 2017 --(PR.com)-- OffrBox.com has launched an aid campaign to help flood victims in Texas, Florida and South Carolina. OffrBox.com provides an online platform bringing buyers and sellers together in real time to list and transact in one convenient place. OffrBox is also seen by many as the leader in disrupting the real estate market.
Homeowners in these flooded markets can now list their primary residences for free on the website. This startup will fund the marketing of their properties to their proprietary network of 200,000 buyers. In addition, OfffrBox.com will donate $1,000 of its sales commission from the property back to its homeowner.
OffrBox.com was inspired to leverage their technology and network to help these flood victims after seeing vulture investors target homeowners during this difficult time. OffrBox.com wants these victims to feel empowered to choose the best offer from investors, not feel obligated to take offers that only offer pennies on the dollar.
“We at Offrbox.com believe in doing the right thing,” says Eric Andrew, President and Founder of OffrBox.com. “We have already seen success in these markets with our platform. I wanted to grab the opportunity to aid those who may not have a marketplace or opportunity to get the most out of the sale of their home.”
Hurricane Harvey, a Category 4 storm, flooded 113,843 homes overnight in Houston, one of OffrBox.com’s target markets. This amounts to $29 billion of real estate accounting for 6.7% of the local market. Less than 20% of homeowners were covered by flood insurance. Key state officials in Texas has said it may take as long as 2020 before homeowners get federal funding to fix or rebuild their damaged homes. All these factors leave homeowners feeling stressed and confused about what to do with their homes.
My Nguyen, a Houstonian whose home was flooded and lost 70% of her personal belongings lamented, “I want to sell my house but I don’t know where to start. People are offering me very little for my house because it was damaged by the Harvey. However, it’s a very sound house in a great neighborhood. I just can’t get past these low offers that won’t be enough for me to move on with my life.”
Ms. Nguyen is part of a very large community of flood victims who are trying to rebuild their lives but are held back by flood damage. To help her and others, OffrBox.com will be teaming up with local real estate brokerages, churches and rebuilding community organizations to reach out to interested homeowners. Homeowners and/or their agents can list their property directly on the platform using its self-guided listing wizard.
OffrBox.com will market the properties to its nationwide database of investors who can come online to view the properties’ information including photos, videos and due diligence documents. Interested buyers can make an offer directly to the homeowner using the Offer Box, a simple yet powerful tool that auto calculates the terms of the offer. Buyers and homeowners negotiate the terms of the offer online using OffrBox’s negotiation technology. Once the terms are agreed, OffrBox.com guides both parties through the closing process including the contract package and inspections.
“I see this as a win-win opportunity for both buyers and flood victims. Any buyer can have direct access to these properties. There are no net worth restrictions or gatekeepers in our transactions. On the flip side, as a homeowner, you will get unprecedented access to a network of interested buyers beyond your doorstep. It is the magic of creating an online, transparent marketplace that simplifies and streamlines the process for faster results,” added Eric Andrew.
OffrBox will focus their outreach in affected markets such as Houston, Miami, Jacksonville and Charleston. However, flood affected homeowners in any state are eligible to list their property and receive the donation upon the sale of the property. For more information, please visit Flood Relief Website (https://blog.offrbox.com/FloodVictimsAid), call 844-621-5075 or email relief@offrbox.com.
OffrBox.com (www.offrbox.com) is the first and only end-to-end transaction management marketplace for residential investment properties. Founded by Eric Andrew in 2016, OffrBox.com’s mission is to streamline the real estate investing process for buyers and sellers. OffrBox.com was selected as one of the 50 top startups to watch by Built in NYC. In its first year, it has listed more than 4,000 real assets and notes. It also has earned the business of some of the largest institutional real estate players as their clients. OffrBox.com is currently raising its next round of funding.
Homeowners in these flooded markets can now list their primary residences for free on the website. This startup will fund the marketing of their properties to their proprietary network of 200,000 buyers. In addition, OfffrBox.com will donate $1,000 of its sales commission from the property back to its homeowner.
OffrBox.com was inspired to leverage their technology and network to help these flood victims after seeing vulture investors target homeowners during this difficult time. OffrBox.com wants these victims to feel empowered to choose the best offer from investors, not feel obligated to take offers that only offer pennies on the dollar.
“We at Offrbox.com believe in doing the right thing,” says Eric Andrew, President and Founder of OffrBox.com. “We have already seen success in these markets with our platform. I wanted to grab the opportunity to aid those who may not have a marketplace or opportunity to get the most out of the sale of their home.”
Hurricane Harvey, a Category 4 storm, flooded 113,843 homes overnight in Houston, one of OffrBox.com’s target markets. This amounts to $29 billion of real estate accounting for 6.7% of the local market. Less than 20% of homeowners were covered by flood insurance. Key state officials in Texas has said it may take as long as 2020 before homeowners get federal funding to fix or rebuild their damaged homes. All these factors leave homeowners feeling stressed and confused about what to do with their homes.
My Nguyen, a Houstonian whose home was flooded and lost 70% of her personal belongings lamented, “I want to sell my house but I don’t know where to start. People are offering me very little for my house because it was damaged by the Harvey. However, it’s a very sound house in a great neighborhood. I just can’t get past these low offers that won’t be enough for me to move on with my life.”
Ms. Nguyen is part of a very large community of flood victims who are trying to rebuild their lives but are held back by flood damage. To help her and others, OffrBox.com will be teaming up with local real estate brokerages, churches and rebuilding community organizations to reach out to interested homeowners. Homeowners and/or their agents can list their property directly on the platform using its self-guided listing wizard.
OffrBox.com will market the properties to its nationwide database of investors who can come online to view the properties’ information including photos, videos and due diligence documents. Interested buyers can make an offer directly to the homeowner using the Offer Box, a simple yet powerful tool that auto calculates the terms of the offer. Buyers and homeowners negotiate the terms of the offer online using OffrBox’s negotiation technology. Once the terms are agreed, OffrBox.com guides both parties through the closing process including the contract package and inspections.
“I see this as a win-win opportunity for both buyers and flood victims. Any buyer can have direct access to these properties. There are no net worth restrictions or gatekeepers in our transactions. On the flip side, as a homeowner, you will get unprecedented access to a network of interested buyers beyond your doorstep. It is the magic of creating an online, transparent marketplace that simplifies and streamlines the process for faster results,” added Eric Andrew.
OffrBox will focus their outreach in affected markets such as Houston, Miami, Jacksonville and Charleston. However, flood affected homeowners in any state are eligible to list their property and receive the donation upon the sale of the property. For more information, please visit Flood Relief Website (https://blog.offrbox.com/FloodVictimsAid), call 844-621-5075 or email relief@offrbox.com.
OffrBox.com (www.offrbox.com) is the first and only end-to-end transaction management marketplace for residential investment properties. Founded by Eric Andrew in 2016, OffrBox.com’s mission is to streamline the real estate investing process for buyers and sellers. OffrBox.com was selected as one of the 50 top startups to watch by Built in NYC. In its first year, it has listed more than 4,000 real assets and notes. It also has earned the business of some of the largest institutional real estate players as their clients. OffrBox.com is currently raising its next round of funding.
Contact
OffrBox
Pauline Nguyen
844-621-5075
www.offrbox.com
Pauline Nguyen
844-621-5075
www.offrbox.com
Contact
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