Rezzie Marketplace Launches For Off-market Investment Properties

A new marketplace platform is looking to improve transparency and accessibility for investors of all sizes looking to purchase investment or fix-and-flip properties. Launched earlier this month, Rezzie touts itself as the “Zillow of off-market real estate.” 

The marketplace provides sellers with a platform to offer properties at discounted prices directly to investor buyers or to property wholesalers, who act as intermediaries, finding properties and securing them under a purchase contract with the seller before assigning that contract to an end buyer. 

The platform was created by experienced housing industry entrepreneur, house flipper and investor Bobby Suarez. 

While the platform is currently open to those in the investor space, Suarez said he is exploring licensing the platform to real estate brokerages looking to provide consumers with an internal private listing network. 

“A lot of these brokerages are trying to build the same model that I already have,” Suarez said. “What I would like to do is license a tool similar to brokerages so that they could offer this benefit to their agents and to their buyers, but not have to invest the money in creating the technology themselves.”  

“In the industry, there is a lot of friction with people who are still selling deals and wholesaling deals using old methods like email blasts, texts blasts or even WhatsApp group chats,” Suarez said. “We created this platform to professionalize the way that people do deals, while also cutting out the spam of deals that don’t meet their criteria that investors and buyers get bombarded with.” 

To help solve this issue, buyers actively seeking deals can go on the Rezzie platform and set up a “buy box” which allows them to only receive notifications about deals that meet their established criteria. 

On the sell-side, Suarez said this helps sellers through Rezzie’s buyer analytics features, which tell sellers how many buy boxes match any property they upload. 

“As a seller, I can see who has viewed the deal and who has saved the deal, so I know who to reach out to,” Suarez said.

Suarez also noted that he and his team are vetting wholesalers before they are allowed to subscribe.

“We are not letting just anybody in,” Suarez said. “We are trying to protect the interests of the investor buyers that are purchasing these deals.” 

The platform is currently available to investors and property wholesalers nationwide. Since debuting just a week ago Suarez said Rezzie has roughly 2,000 users signed up, with subscribers in his home state of Florida, as well as in North Carolina, Texas, California and Oklahoma. By the end of the year, Suarez said he and his team want to have at least 2,500 wholesale subscribers and at least 1 million active buyers with established buy boxes on the platform. The platform is free for buyers with no transaction fees charged for completed property purchases. Wholesalers and sellers can subscribe to the platform for a $250 flat monthly fee.