Home purchasing

Sundae launches distressed property buying platform

Sundae, a residential real estate marketplace designed to help sellers of damaged property get the best price for their home, has launched its digital platform for real estate investors to view available properties, submit offers and streamline transactions. The Sundae Investor Platform, available at sundae.com/investor, provides access to exclusive and approved properties directly from owners looking to sell to a cash buyer.

The properties available on the Sundae platform come with a comprehensive property profile including photos, floor plan, 3D walkthrough, disclosures, preliminary title report and inspection report. third.

“I know firsthand the challenges that come with being a real estate investor. We have built our platform to make it easier for real estate investors to succeed than ever before, ”said Josh stech, co-founder and CEO of Sundae. “We’re removing the burden of finding and controlling properties so investors can focus on what they do best: renovating homes, improving communities, and creating something great for a new family to call home.” . “

Since launching in 2019 in California, Sundae has expanded to more than 15 markets nationwide, with plans to open in several new markets before the end of 2021.

Sundae recently received $ 80 million in Series C funding, investing heavily in marketing to homeowners looking to sell off-market, giving real estate investors a growing supply of stocks to deploy their funds when they’re ready to go. to buy.

“The comprehensive information package that accompanies properties in the Sundae Market allows investors to analyze the property from their desk and make an offer with confidence, out of sight. For example, a real estate investor living in Utah can find, appraise and buy a property in Tampa with a few clicks through our platform, ”said Madhav Ranjan, Sundae SVP of Engineering and Products. “We are seeing a large number of buyers on the Sundae platform investing outside of their core market because they no longer have to travel to do the due diligence in person. In fact, almost 40% of investors on our platform have purchased a property through Sundae outside of their primary market. “


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