Modern Realty - The AI real estate agent
A self-service home buying experience
What is Modern Realty? 🏠
Modern Realty is an AI real estate buying experience that helps you buy homes without relying on a traditional realtor. Historically, sellers pay a 3% commission to the buyer's agent. However, due to a recent lawsuit against the National Association of Realtors, buyers will soon have to pay their agents themselves, which can be very expensive (i.e., $30,000 for a $1 million house).
With tools like Zillow, finding the right house at the right price is easier than ever. However, buying a house still requires an agent, even though buyers are doing most of the work themselves. Modern Realty changes this by offering an AI self-service solution.
Modern Realty guides you through buying a home step-by-step. You can start with or without a specific home in mind. On the website, you can schedule in-person showings and use tools to help you determine how much to offer.
When you're ready, you can create and submit an offer through our platform. Using the software is free; we only charge if you successfully buy a house. Plus, if you need more help, our team of lawyers and real estate agents are always available to guide you through the process.
How it works 🧠
At Modern Realty, we provide everything you need to make the best, most informed home-buying decision. Your agent guides you through each step of the home-buying process, including:
🔑 Disclosure summary: Understand your homeowner’s association (pet ownership and rental policy), land zones, tax, liens/debts, inspections, and repairs
📝 Make Offers Online: Generate your offers using our website. An attorney will review all offers, at no additional cost, before they’re sent to the seller.
📅 Schedule Private Showings: Our AI tools automatically schedule showings for you directly with the sellers without having to talk to an agent.
📈 Competitive Market Analysis: Make the best bidding choice by seeing all the available data on the surrounding nearby sales (for example, median % over list price)
About Us 🌟
- Why we are working on this
- We both purchased homes somewhat recently and thought that the process could be dramatically improved by letting people get their hands dirty in the process themselves
- Founders
- Raymond Xu (left): Ex-Google Machine Learning Software Engineer, previously created a RAG product in 2020
- Raffi Isanians (right): Attorney, Realtor, has been an attorney for $10b+ of asset transactions
Get started 🌱
Visit modernrealty.io, or schedule a call with us to get started here!