Sundae is an iBuyer service that makes offers to purchase homes from sellers Sundae has fewer limitations on home quality than many other iBuyer services do and will purchase distressed and investment properties. Sundae also does not dot directly buy homes but instead connects sellers to a marketplace of real estate investors.
Sellers submit their address to Sundae, and Sundae will conduct an inspection prior to listing the property on the platform. The home will then get listed on the Sundae marketplace, investors will bid on the property, and the seller is able to accept an offer they prefer.
Sundae does not charge a service fee or commission to sellers. As a result, Sundae likely charges a fee to investors who buy homes on its marketplace.
Sundae charges a fee to investors who purchase homes from buyers on the Sundae marketplace. Sundae likely also generates revenue through referrals to service providers, originating loans, and other ancillary services.
Sundae is privately held.