Homeowner Michael Levine of 464
North Lake Boulevard in Mahopac, New York is making a “Call for
Offers” via SparkOffer,
a new PropTech service designed for the “speed age” that allows users to
submit and accept real-time offers on for-sale homes via web and mobile
devices. The homeowner is using the combination of SparkOffer’s
multiple-offer capabilities in combination with a 38-percent reduction
from the property’s original price of $3.25 million. This demonstrates
his commitment to selling in the spring market, as there are currently
an estimated 1,600 homes in New York State with an asking price over $1
million that have been on the market for more than a year.
SparkOffer increases the buyer pool for sellers as buyers can still
elect typical offer terms like home inspections and mortgage
contingencies, options that are not available through the auction route.
Additionally, SparkOffer features like the new Watch feature alert
buyers via text and email messages when other offers are placed on
properties they’re interested in, keeping them up-to-date on property
movement.
“SparkOffer is the digital version of the traditional transaction
marketplace, where sellers can post for-sale homes and buyers can submit
real offers, designed as a new solution for homes in areas that need a
market boost as an alternative to the auction process, such as the case
with Mr. Levine at 464 North Lake Boulevard,” said Mike Russo, founder
and developer of SparkOffer. “It’s a fully transparent process that
makes buying and selling a home exciting, easy and financially
beneficial for both parties.”
464 North Lake Boulevard, listed locally with Richard Castro of Weichert
Realtors, is a newly-renovated, dramatic home that features unobstructed
views of Lake Mahopac. The first-floor provides a chef’s kitchen, an
expansive butler’s pantry and a formal dining room. The home’s
first-floor master suite has a generous walk-in closet and French doors
leading to a private balcony with lake-views, and an inviting master
bathroom offers a soaking tub, a marble-tiled shower and a sauna. A
two-story living room is bathed in natural light from large windows, and
French doors open to an additional balcony that flows down to the
sprawling 1.66-acre yard, featuring a custom chipping range and a boat
house with a spacious deck overlooking Lake Mahopac.
The stunning home, located one-hour from New York City, is available for
purchase through SparkOffer, which allows users to interact and manage
home sales and purchases via a web-based dashboard and internal
messaging system. “SparkOffer is making it possible for interested
buyers to place an offer on 464 North Lake Boulevard at their own
convenience, eliminating the back-and-forth from the traditional process
and appealing to digital-age expectations,” said Mr. Levine.
While other PropTech entities focus on allowing buyers to simply view
online listings, SparkOffer users can interact and make offers with or
without the assistance of a buyer’s agent. Buyers can quickly walk
through a simple offer process, use a credit card for the initial
deposit and sign offer agreements from any device, while sellers receive
immediate text and email notifications of their offers and can provide
real-time feedback to interested buyers.
SparkOffer was developed and founded by Mike Russo, who utilized
comprehensive experience in global luxury real estate and auctions, as
well as software development to bring the service to life. Mike
created SparkOffer with the goal to provide agents and self-represented
users a simplified tool to modernize and increase productivity in the
home-selling process. For more information on SparkOffer, visit http://sparkoffer.com/ or
call 844-676-7651.
About Mike Russo
With an extensive background in global luxury residential real estate,
Mike Russo is an accomplished real estate veteran with two decades of
industry experience, with quantifiable success closing record-setting
transactions on an international scale. Most recently, Russo served as
director of business development and COO of Concierge Auctions, a global
real estate marketplace specializing in the auction sale of luxury
homes, where he personally handled over 350 property sales across 20
states and in 15 countries. During his tenure, Russo spearheaded
numerous sales and technology initiatives that helped Concierge grow to
more than $1 billion in historical sales in just seven years. Prior to
Concierge Auctions, Russo served as the Vice President of
Realogy/Cendant, one of the largest real estate franchisors. In 2009,
Russo created and founded Rezora, a digital marketing platform targeted
towards the real estate industry. Under Russo’s guidance, both Concierge
Auctions and Rezora were included on the Inc. 5000 Fastest Growing
Companies list, and now he has his sights are set on Particip8 Realty
reaching that list quickly. Through a culmination of his industry
experience and entrepreneurial-savvy, Russo offers Particip8 Realty
and SparkOffer, both designed to save users thousands in unnecessary
fees while empowering local brokers to reach target sales goals.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190411005792/en/