Real Estate Startup ListingSpark Announces $2M Series A

Meet  ListingSpark :

The Austin-based company, established in 2013, offers a platform to list, market and sell one’s home for $7 a day. And it is now announcing a $2m Series A round led by Silverton Partners to expand into additional markets, offer more services, hire agents and staff, and build out its recent affiliated title company startup, Spark Title. Keywords: offer more services.

Here’s How it Works: (1) A seller creates a ListingSpark account and provides intel on the property via an “intuitive and simple online registration form.” (2) Seller pays per day “with no large upfront fees, no commissions at closing and no hidden charges.” (3) ListingSpark’s proprietary pricing model automatically pulls in MLS (multiple listing service) data and market data from the seller’s area to let him/her know if their price is in the sweet spot based on their goals. (4) Seller schedules a professional photographer (no extra fee) to take high-resolution photos and/or virtual tour photos of the property and chooses which ones to include in the listing. (5) Seller signs some paperwork, (6) receives a secure digital key lockbox that licensed agents will use to access and show the property (activity is tracked on the ListingSpark portal), and (7) places a real estate yard sign. And…Sold.

Bottom Line: For the past 24 months, ListingSpark has sold more than 1,758 homes 28% faster than the market average, saving customers an average of $7,200 per transaction.