## OfferMarket launched today on Product Hunt, and we failed miserably.

 

We tried launching on Product Hunt today, if that's what you'll call it. We half-assed it. We put together our launch post and asked a few friends to upvote. 6 hours in and we have 3 referrals to our site from Product Hunt.

 

One person we asked for an upvote replied "I just like sold my soul to give you an upvote", here's what they were referring to in the sign up with Twitter authentication flow:

 

![twitter-authorize-an-application.jpg](https://cms.rentstack.co/uploads/twitter_authorize_an_application_b660bf2b3a.jpg)

 

Then we tried to have some people find us on Product Hunt, but they couldn't because their search doesn't work...

 

![producthunt-offermarket-search-no-results.png](https://cms.rentstack.co/uploads/producthunt_offermarket_search_no_results_bbcc62ab9f.png)

 

So that's when we realized we probably were not going to be raising much awareness on Product Hunt this time around. It also made it clear that Product Hunt either has some bugs or performance issues, or the only people whose product launches percolate to the top of the daily rankings do one or both of the following:

 

- know a lot of people already on Product Hunt and build a following on Product Hunt before launch
- coerce a lot of friends, family and others for upvotes

 

## Which doesn't lend much credibility to the platform as a utility for finding valuable tools.

 

Moving on then. We'll try again next time. We hope you enjoyed our post-mortem and how not to launch on Product Hunt.

 

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OfferMarket launched on Product Hunt! This is a post on how not to launch on Product Hunt.

Try To Find OfferMarket On Product Hunt - OfferMarket

Try To Find Us On Product Hunt

**Last updated:** May 2, 2024

 

If you know OfferMarket, you know we are an investment property marketplace that connects sellers and buyers without agents and expensive fees.

 

What you may not know is that we are actively acquiring select rental properties through LLCs that are managed and co-owned by OfferMarket and select limited partners (investors). 

 

We call this our Portfolio product, and we’re excited about it for two reasons:

 

1. Sellers get a reliable, competitive offer where they can close fast
2. Investors get completely passive exposure to attractive cash-flowing single family rental properties

 

Investors collect quarterly distributions that target 8% annualized yield, and have the ability to sell some or all of their stake on our marketplace at any time.

 

## Let’s take a look at one of the rental properties purchased through OfferMarket Portfolio:

 

The seller was tired of being a landlord and needed to free-up cash to invest in fix and flip projects in a different market. The seller found OfferMarket online and created their free listing. The property met our criteria with minimal rehab required, performing tenants in place, and an opportunity to raise rent to market rate.

 

## So we submitted our direct purchase offer:

 

- Purchase price: $105,000
- Contingencies: none, AS IS
- Closing costs: paid by Buyer
- Financing: Cash
- Close by: 30 days

 

Instead of waiting for other buyers on our marketplace to evaluate the listing and submit offers, the seller accepted our offer because it was competitive and time was of the essence.

 

We closed in March 2021 in 25 days and renewed the tenant at $1,250/month for a 12 month lease.

 

To date (October 1, 2021), after just 7 months, the property has returned 6.88% to investors. This is without any debt. The property is worth $125,000 - $140,000. If we refinance, the investors will be looking at a distribution of roughly 100% of their initial investment and $500 of monthly cash flow.

 

## Repeat business

 

Two months later we bought another property from this same landlord who came back to us because of how easy we make it to sell your rental property. That investment property was purchased for $295,000 with tenants set to renew at $3,200 per month.

 

# Sell your rental property with OfferMarket 

 

If you own one or more rental property that you want to sell for terms that are competitive and convenient, [create your free listing](https://www.offermarket.us/?ref=blog-introducing-portfolio-deals) today to compare offers from verified buyers on our marketplace. If your property meets our criteria, one of the offers may just be from us.

 

## Invest with us in single family rental properties 

 

If you are looking to passively invest in single family rental properties, and you want cash flow, capital appreciation, and exposure to a resilient asset class with tax advantages, fill out our investor form and a member of our team will be in touch.

 

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Introducing OfferMarket Portfolio deals. Passively invest in single family rental properties, sell with confidence.

OfferMarket Portfolio Deals Buy And Sell Rental Investment Properties

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Introducing Portfolio Deals - OfferMarket

Introducing Portfolio Deals

## RedfinNow competitors include:

 

- OfferMarket
- Opendoor
- Zillow Offers
- Offerpad

 

| Service | Type | Offer Competitiveness |
|:-------------:|:-----------:|:---------------------:|
| RedfinNow | iBuyer | Low |
| Opendoor | iBuyer | Low |
| Offerpad | iBuyer | Low |
| Zillow Offers | iBuyer | Low |
| OfferMarket | Marketplace | High |

 

## What is RedfinNow?

 
RedfinNow is an "[iBuyer](https://www.offermarket.us/real-estate-glossary/ibuying)" (short for "instant buyer") of single family homes. iBuying is a new home sales model where you receive a cash offer to sell your home fast. While there is an incredible convenience factor in play, the iBuying model comes with some drawbacks that we feel are important to know. If you're looking to sell your home fast and looking for RedfinNow competitors, this article aims to detail your options.

 
 

## ​Things to know about the iBuyer model

 

- Service is available in limited markets
- Not all houses receive an offer
- You will receive a lower offer than you would in a competitive sale
- You will pay service fees of 6% - 10% (not including repairs)
- Your offer will be contingent on an inspection and you will either need to pay for repairs or accept a revised, lower offer.

 

## How does RedfinNow work?

 

While RedfinNow is known for providing immediate all-cash offers to owners, it may take two or three visits to determine the final offer. The process to determine the final price RedfinNow is willing to pay for your property typically includes these steps:

 

1. Owners submit their property info on RedfinNow’s website and get an offer range.
2. RedfinNow makes a quick 30-min evaluation in the house and comes back with a preliminary offer. 
3. If owners agree with the proposal, RedfinNow will carry a deeper inspection to determine if the property needs any repairs.
4. Homeowners will receive the inspection report detailing the essential repairs the property needs and its cost, deducted from the final price.
5. RedfinNow gives owners the right to carry the repairs themselves or cancel the contract if they don’t agree with the inspection report. 
6. Offers can be 5-15% lower than what you would get on the open market. 

 

## Where is RedfinNow available?

 

RedfinNow markets: 

 

- Arizona
- California
- Colorado
- Maryland
- Massachusetts
- Nevada
- Oregon
- Virginia
- Texas
- Washington
- Washington D.C.

 

## RedfinNow offer ranges and exclusions

 

This iBuying company handles different value standards according to the city. In Houston, for instance, RedfinNow purchases houses from $170,000 to $375,000, while in Los Angeles, offer values range from $350,000 to $900,000. 

 

## Is my house eligible to receive an offer from RedfinNow?

 

RedfinNow only buys single-family houses built after 1960 with no structural issues or unauthorized additions. RedfinNow won’t purchase properties with Masonite Woodruff roofing, polybutylene plumbing, or aluminum wiring.

 

## RedfinNow vs OfferMarket

 

| Comparison | OfferMarket | RedfinNow |
|:-----------------:|:------------:|:----------------------------:|
| Service fee | 0% | 4.5% - 7% |
| Repairs | $0 (as is) | paid by seller |
| House type | Any | Selective |
| Closing timeframe | 15 - 45 days | 7 - 60 days |
| Markets | Nationwide | Limited cities and states |

 

## How much money will you keep?

 

| Net Proceeds Analysis | OfferMarket | RedfinNow |
|:---------------------:|:-----------:|:---------:|
| Purchase price | $100,000 | $100,000 |
| Service fee | $0 | $7,000 |
| Repairs | $0 | $2,000* |
| Closing costs | $1,500* | $1,500* |
| Net proceeds | $98,500 | $89,500 |

 
 
(*) *estimated*

 

## [Sell your house fast and competitively with OfferMarket](https://www.offermarket.us/sell?ref=blog-redfinnow-competitors)

 

## Related comparisons:

 

- [Offerpad Competitors](https://www.offermarket.us/blog/offerpad-competitors)
- [Opendoor Competitors](https://www.offermarket.us/blog/opendoor-competitors)
- [Zillow Offers Competitors](https://www.offermarket.us/blog/zillow-offers-competitors)

What is RedfinNow? Where is RedfinNow available? Who are RedfinNow competitors? Your questions answered along with a comparison of RedfinNow and Opendoor.

RedfinNow Competitors - RedfinNow vs Zillow Offers vs OfferMarket vs Opendoor vs Offerpad

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RedfinNow Competitors - OfferMarket

RedfinNow Competitors

Grow your real estate investing business with the most competitive DSCR loan product. OfferMarket also provides DSCR rental loans, bridge loans, hard money, fix & flip, rehab, ground up construction loans.

Rental Loans

The Contract Of Sale is the agreement between the Seller and Buyer wherein the terms of the sale of real property are established. Also commonly referred to as a [Purchase And Sale Agreement](https://www.offermarket.us/real-estate-glossary/purchase-and-sale-agreement).

The Contract Of Sale is the agreement between the Seller and Buyer wherein real property is being sold. Also commonly referred to as a Purchase And Sale Agreement.

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What is a Contract Of Sale (COS) in real estate?

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