Photo - Hombaez
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Hombaez

AI-powered home-matching marketplace

USA, North Carolina
Market: Real estate, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 17.09.2024
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Idea

Hombaez is an AI-powered real estate marketplace that replaces traditional middlemen brokers, offering easy financing, AI-driven guidance, and a commission-free experience tailored to recent industry

Current Status

*IP Status: Patent Pending
* Launch the Hombaez App on the App Store for iOS
* Launched the Hombaez App on the Google Play Store for Andriod
* Current weekly User Growth Rate of 120%
*Over 3k users in the first month on App Stores

Market

Homebuyers in the US.

Problem or Opportunity

Homebuyers now need to directly negotiate and agree on their agent's compensation upfront, which adds complexity and costs to the homebuying process. Traditional real estate models often prioritize profits over the needs of buyers, leading to subpar representation and high commissions. Hōmbaez addresses these issues by creating a commission-free, data-driven marketplace that empowers homebuyers with personalized, real-time guidance, simplifying the transaction and saving them money.

Solution (product or service)

Hōmbaez is developing SARA (Smart Artificial Real Estate Agent), a commission-free, data-driven marketplace that uses machine learning to provide real-time, personalized guidance to homebuyers. SARA eliminates the need for traditional agents by offering tailored support and insights, adapting to market conditions without adding complexity or extra costs. By connecting buyers with lenders early and streamlining the transaction process, SARA simplifies homebuying and helps save money.

Competitors

Zillow, Homes.com, Redfin, and traditional real estate brokerages.

Advantages or differentiators

We place the consumer first. We are placing them in the driver's seat of the transaction and giving them more control and power than ever before.

Finance

Privileged information.

Business model

B2B2C & Marketplace
* We make the buyer-lender connection at the front end of the search process— helping lenders grow their business by capturing leads at the start of the buyer’s journey.
* We attract buyers with AI-powered DIY tools and new search methods. Leading high-intent buyers to financing with lenders to unlock their purchase power.
* Lenders purchase a share of a zip code to connect with buyers. When a buyer is interested in a home and clicks our call to action, they are connected to the lender who purchased the zip code in which the house is located.

Money will be spent on

Hiring, Data, Upgraded systems

Offer for investor

Contact for details.

Team or Management

Risks

Privileged information.

Incubation/Acceleration programs accomplishment

TBD

Invention/Patent

SYSTEM AND METHOD FOR ASSET OR PROPERTY SEARCH OF COMMON INTEREST
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video
Presentation