You can now buy a house completely online with this new platform

Aly J. Yale
The Mortgage Reports contributor

Buy a house online

Agents and homebuyers looking for a faster way to buy a house are in luck. Thanks to a newly launched platform, making an offer on a house — and even negotiating counteroffers — is as simple as the click of a button.

Verify your new rate (May 26th, 2020)

SparkOffer sparks convenience

A new web platform takes the offer process completely online, allowing agents and non-represented buyers to make fully binding offers all through a convenient online dashboard. Dubbed SparkOffer, the tool can be used by agents (for selling or submitting offers), sellers (when listing their properties) or buyers.

According to Mike Russo, founder and developer of SparkOffer, the platform offers “an entirely web-based home buying and selling experience that requires virtually no verbal communication between buyers and sellers.”

Russo says the tool will save time for all parties in the buying and selling process, speeding up both the initial offer and the counteroffer/negotiation stages.

The complete guide to buying a house in your 20s

High-tech features

SparkOffer lets users manage their property listings and provide real-time feedback on offers and counteroffers. They can even sign binding offer agreements and submit deposits via credit card using any device.

Users also get real-time email and text message alerts when feedback, offers or counteroffers come in.

Mortgage borrowers report increasingly digital experiences

The platform launched in late March and currently features a handful of listings throughout the Northeast. Properties range in price from $300,000 to upwards of $3.5 million. SparkOffer is the sister company of Particip8 Realty. Particip8 helps home sellers DIY many of the traditionally broker-controlled aspects of selling a property.

Verify your new rate (May 26th, 2020)

Get today’s mortgage rates

Are you looking to buy a house — online or otherwise? Then shop around and see what mortgage rates you qualify for today. Getting pre-approved for your mortgage loan can give you a competitive edge when making offers.

Verify your new rate (May 26th, 2020)