Andrew Bogut, a prominent basketball player in Australia, has become an investor and ambassador for Listing Loop, a proptech startup that operates a marketplace for “just listed” and off-market property listings from top real estate agencies. Bogut is passionate about real estate and technology, having developed an interest from his time in Silicon Valley while playing for the Golden State Warriors. He is excited to support Listing Loop’s mission of creating a real estate model where buyers, sellers, and agents all benefit, and to educate consumers about the option of buying and selling properties “off-market”.
Listing Loop’s platform aims to centralize off-market properties, which are for sale but not advertised through standard channels, into one convenient location. Bogut believes that Listing Loop fills a gap in the market and is transforming real estate for everyone’s benefit. As an enthusiastic tech investor, he enjoys supporting companies that he believes are going places, and he sees Listing Loop as one of them.
Off-market properties can be listed for three main reasons, according to a recent report. The first reason is “pre-market,” where properties are newly listed, but it can take up to 10 days for them to appear on major real estate websites. This time lag means that potential buyers may miss out on the chance to view and purchase a property. Secondly, some sellers may not want to pay the upfront costs associated with marketing their property, which can be as high as $6,500 to $8,000. Finally, some sellers may want to keep their sale private, particularly if they are high-profile figures, and may rely on their agent’s network of buyers to find a suitable purchaser.
Listing Loop is a proptech start-up that aims to centralize off-market properties from leading real estate agencies, making them accessible to buyers in one convenient location. The platform offers buyers early access to pre-market properties, giving them an advantage in finding their dream home. Sellers can list their properties on Listing Loop with no sale, no charge, and no risk advertising, making it an attractive option for those who want to avoid upfront marketing fees. For agents, Listing Loop is a useful tool for winning more listings and selling properties faster, as it provides access to a wide network of qualified buyers. Listing Loop is the first real estate platform in Australia to offer a no-sale, no-charge fee structure that does not require sellers to pay substantial upfront marketing fees.
According to Rhett Dallwitz, the CEO of Listing Loop, the company aims to become Australia’s top destination for off-market properties as the number of real estate agencies selling off-market properties is increasing. During the Melbourne soft launch phase, more than 650 agents have signed up and uploaded over $500 million worth of property, generating thousands of leads that have led to sales. Listing Loop has raised $3.3 million in its initial capital raise and has also launched an equity crowdfunding campaign to make investment more accessible to more people. The company hopes to share a success story similar to some of the world’s largest companies that began with equity crowdfunding.
