Falaya offers technology solutions to improve the success rate of For Sale By Owner (FSBO) real estate listings by automating documents, streamlining the transaction process, and providing on-demand virtual agent support. Traditional FSBO listings have only a 7% closing success rate due high commissions charged by realtors. Falaya offers fixed-price listing options and virtual agent support to help more FSBO sellers successfully close sales. The company's software automates tasks like document generation, scheduling, and digital signatures to make the process more efficient for buyers and sellers.
4. LIST CLOSE
Gaps in Transaction
Problem
The absence of an agent and lack of
innovation in a FSBO real estate
transaction creates gaps, which
contribute to a low closing success rate.
Seller Agent Buyer
Pricing Preparation Paperwork Showings Negotiations
5. TECHNOLOGY
Drive Efficiency
AUTOMATION
Documents + Process
VIRTUAL AGENT
Support On-Demand
Falaya offers fixed price listing options and on-demand realtor support. The app
automatically guides buyers and sellers through the real estate transaction. This allows
sellers to control costs, while significantly improving the closing success rate.
Solution
11. Listing
Options
Basic
For Sale by Owner
$399
one time fee
MLS, Zillow, Realtor.com and more
Realtor Grade Signage
Scheduling Software
Paperwork Automation with E-sign
Push Button Purchase Agreements
All legal documents available
1 year listing cancel anytime
Professional
Agent services at a fair price
$399 + 1%
of the sales price
Dedicated Real Estate Agent
Professional Photos
Pricing Support
Contract Negotiations
Inspection Repair Negotiations
Closing Support
All agents must maintain a 4.5 out of
5-star rating
1 year listing cancel anytime
Premium
Full-Service Agent
5%
of sales price
All items from professional included
Professional Video shoot
Sponsored Social Media Ads
Targeted Google Ads
In-person and virtual tours
Open House
All agents must maintain a 4.5 out of
5-star rating
1 year listing cancel anytime
12. On-Demand
Realtor Support
A Real Estate agent will contact you to get
more information on your property and will
perform a Competitive Market Analysis to give
you a suggested listing price for your house.
$300
A Real Estate agent will walk you through the
entire listing input process and handle any
questions that may come up during the
process.
$100
A Real Estate agent will prepare a purchase
agreement, submit it to the sellers and
negotiate the contract on your behalf to get
you the best possible price for the property.
$350
A Real Estate agent will review the
inspection report with you, formulate a plan
for the repairs negotiations, execute the
necessary documents and negotiate the
repairs on your behalf.
$350
A staging expert will come to your house,
analyze the property, and give you a list of
suggestions to prepare your house for the
market. The goal is to make a home appealing
to the highest number of potential buyers,
selling the property faster and for more money.
$300
You will receive a conference with a licensed
real estate agent to talk over your questions.
These sessions are billed at $75 per hour and
rounded up to the next highest hour.
$75
Listing
Price
Listing
Input
Contract
Negotiations
Inspection
Repairs Negotiations
Staging
Support
General
Support
16. Metrics
Sales $11,193,800
Consumer Savings $274,696
Revenue $109,017
Listings 79
Sold + Pending 50
Year One
63%
Closing success rate
for Falaya compared
to 7% with traditional
FSBO listings
18. Capital Raise
200 Houses Listed
Direct Feed to Real
Estate Sites Build Team Out
Expand to
Larger Markets
Possible Rebrand
LA State Launch
Exit Stategy
Acquisition
Zillow, Amazon
Large Brokerage
June
2021
August
2021
January
2023
July
2021
January
2021
Date
TBD
January
2022
Expand into
Reciprocal States
Milestones