NEW YORK, Nov. 15, 2016 /PRNewswire/ -- Eric Andrew, former Auction.com business executive, announced his new real estate tech venture. OffrBox.com is the first and only end-to-end transaction management marketplace for residential investment properties. As a simple and secure online marketplace, OffrBox.com streamlines the real estate investing process for buyers, sellers and brokers.
OffrBox.com enables buyers, sellers and brokers to interact directly in a faster, automated and more transparent process that saves all parties time and money. Clients can search listings, negotiate/compare offers and complete their contract-to-close process all online. OffrBox.com has combined real estate buyer behavior analysis, proprietary algorithms, and an user-friendly interface to create a platform that enables buyers to go from a property search to a closed deal as quickly as 72 hours instead of weeks.
"I am really excited to evolve the residential real estate investment process from an opaque, inefficient paper process to an optimized online experience. My main goal was to enhance the search experience, and simplify and automate the due diligence and transaction process," said Eric Andrew, Founder and President of OffrBox.com. "Whether you are a first time or institutional investor, you will save time and money on OffrBox.com because our streamlined process removes inefficiency and friction. Residential real estate investment is a $2 trillion industry and I wanted to make the market accessible to as many people as possible."
"I purchased my first residential investment property when I was a college student using a student loan refund and credit cards. I sold my first two rental portfolios before my 25th birthday. At Auction.com, I launched and managed business units that accounted for 20% of all residential and commercial sales. This experience gave me a first-hand view of what was needed to improve the real estate investment process. OffrBox.com is an inspired combination of my passion for real estate, 16 years of investment experience, and a track record in technology and product development," added Andrew.
OffrBox.com is a technology company that uses an online marketplace to streamline the residential investment process for buyers and sellers. OffrBox.com takes the friction out of searching, negotiating and closing deals by leveraging proprietary algorithms and automation. It is an angel-backed startup with $500,000 raised in its pre-seed round and opened a new round of pre-seed fundraising.