One of the nation’s largest real estate investors is teaming up with one of the largest US home sales companies in a new venture targeting Dallas.
Home Partners of America and Coldwell Banker Residential Brokerage are offering a new cash sales program to Dallas area homeowners.
The program is touted as a “quick cash put option that its affiliate sales agents can offer consumers looking to sell their homes,” according to Coldwell Banker. An agent from the home sales company will represent Home Partners of America by making a cash offer for “qualifying homes.” A sale can be closed in as little as 10 days.
Along with Dallas, the CataList startup money offer program is also being rolled out in Atlanta and Tampa.
“This program is a great option for homeowners in the Greater Dallas area who want to sell their property quickly to a cash buyer,” Charles El Moussa, president of Coldwell Banker in Texas, said in a statement. “What makes the CataList program unique is that it offers the advantage of allowing the seller to work with the same agent, whether they choose the cash offer option or the standard marketing provided in the sale agreement. “
The program will be offered to sellers with homes priced up to $ 550,000 in many Coldwell Banker service areas in the Dallas area.
Coldwell Banker has 14 offices and approximately 920 agents in North Texas.
California-based Home Partners of America, one of the nation’s largest single-family home rental companies, has operations in 20 states, including Texas. The company also offers a rental program with an option to buy for its real estate residents.
CataList is one of many new home sales platforms debuting in the Dallas area.
An Arizona-based real estate company – Offerpad – expanded into the region this week with its model of direct home buying and selling.
Offerpad does the necessary renovations to sellers’ properties, places them in a new home, and then sells the previous home. The company has operated in Atlanta, Charlotte, Las Vegas, Los Angeles, Orlando, Phoenix, Salt Lake City and Tampa. D-FW is Offerpad’s ninth largest market and the company plans to expand into Houston and San Antonio.
“This is great news for the residents here as we allow them to move freely, allowing them to make the decisions that are best for themselves and their families,” said Market Manager Trent Capps, in a press release. “Allowing people to follow their schedules, not having to be disturbed by the staging and presentation of their homes, and having certainty in the process has been invaluable in what we set out to do.”
Another real estate sales company – Knock – has already expanded to North Texas with a program that lets you trade in your old home for a new one.