Hauser, currently the nation’s largest one-stop-shop real estate brokerage platform, announced today that Acquired Trelorais a pioneering next-generation brokerage firm based in Denver, Colorado. Houwzer and Trelora both said, “Flat rate, full service‘real estate products that save consumers thousands of dollars per transaction while delivering an industry-leading customer experience. The combined companies have saved consumers more than $125 million in cumulative real estate fees.
The acquisition expands Houwzer’s footprint to 14 states, including Arizona, California, Colorado, Georgia, North Carolina, South Carolina and Washington. Houwzer currently has operations in Delaware, Florida, Maryland, New Jersey, Pennsylvania, Virginia, and Washington DC, and given complementary geographies, expanded coverage would require: It currently includes 4 of the 5 regions across the country.
Hauser Founder and CEO Mike Maher said: “We believe there is an opportunity in this dramatic market shift to innovate, build and scale innovative companies to serve our clients. Operates in one market or region, sub-scale, and does not benefit from shared learnings and insights.Trelora acquisition provides meaningful scale and operating leverage that fosters strong unit economics Maher will retain his position as CEO and will remain on the combined company’s board of directors.
Trelora was founded in Denver in 2011 with claims that the traditional brokerage model was broken and the fee structure was unfair to consumers. Since its inception, Trelora has completed more than 8,000 of his transactions, saving clients tens of millions of dollars in fees in the process.
Trelora CEO Rod Ward said: “Like Trelora, Houwzer is a mission-driven brokerage that improves the future of real estate by putting the consumer first, while providing home buyers and sellers with a more efficient and superior experience. We share our commitment to.” Ward will join the combined company as Chief Revenue Officer leading the newly formed Enterprise Division. This B2B division of his is the company’s “Mediation as a Service.’ Ward’s team works with institutional investors in the single-family rental (SFR), iBuyer, Rent-to-Own (RTO), and new homebuilding segments. The company already has a handful of exclusive partnerships focused on this area.
Colby Sambrotto will also join Trelora’s leadership team as Chief Marketing Officer. Sambrotto co-founded and sold his ForSaleByOwner.com, one of his pioneering platforms that brought real estate into the internet age in the mid-2000s. Since then, Sambrotto has gone on to found and hold senior positions at various real estate companies, including USRealty.com, Home Captain and Redefy. “I’ve seen a variety of service offerings, from do-it-yourself to limited services with subscriptions, from full service subscriptions to traditional brokerages,” says Sambrotto. “I think Houwzer has cracked the code to bring a truly disruptive model to market while creating a playbook to scale.”
With the acquisition of Trelora, the combined company has a clear path to profitability with industry-leading metrics for agent productivity, gross margins, Net Promoter Score (NPS), and mortgage and title add-on rates I have. Hauser remains open to additional opportunities to accelerate its nationwide expansion and believes its model is poised to grow as the market continues to change.
Daniel Herscovici, partner at Edison Partners and director of Houwzer, said: “In addition to revenue and sales synergies, the shared learning will be profound. Today, Houwzer has a massive platform to further transform the home buying and selling experience and reach a wider audience. We can make it easier and more affordable for consumers.With this acquisition, Houwzer is much closer to our goal of becoming the next generation securities sector leader.”
As Hauser transitions from a mortgage broker to a fully mandated lender, it will expand its business lines, further enhancing the depth and breadth of product offerings to consumers. To accelerate the transition, Houwzer recently acquired intellectual property from Reali, a former next-generation brokerage firm.
About Hauser: Houwzer is a next generation real estate brokerage and home services company built around the customer. Its full-service office agent and mortgage her advisors help homeowners save when selling and trust when buying. Hauser’s proprietary technology is an integrated, end-to-end platform that streamlines the entire transaction in a unified, one-stop shopping experience. The company employs agents and advisors who receive base and variable salaries instead of commissions, allowing them to focus on service, not just sales. Houwzer maintains an industry-leading Net Promoter Score of 84 and an average rating of 4.9 out of 5 from over thousands of online client reviews. Since launching in 2015, Houwzer has saved home sellers along the East Coast tens of millions of dollars and helped customers buy or sell thousands of homes worth over $2 billion in her purchase. I was. For more information, please visit houwzer.com.