Real estate company

CT Based Real Estate Company William Raveis Will Buy Your Home So You Can Buy Another

In today’s super-tense real estate market, the “sell before you buy” dilemma can be brutal for Connecticut homeowners looking to relocate.

William Raveis Real Estate announced a new service on Wednesday in which it will purchase the homes of all real estate clients, who may have difficulty securing competitive offers to withdraw money from their homes as they themselves seek out real estate. new excavations.

“With Raveis Purchase, we saw that the listing inventory was going to get very, very tight,” Co-Chair Ryan Raveis said on Wednesday. “They have the opportunity to bid very quickly and unlock their own funds to move into their house, … knowing that they have a guaranteed sale in their pocket.”


The service is for homeowners looking to take advantage of an always hot market in the New York metro area, but need the cash before they buy, Raveis said.

Danbury-based Cartus was one of the first to offer home buying options as part of the broader corporate relocation services it offers to large employers. Parent company Realogy saw its $ 400 million plan to sell Cartus to Sirva collapse last year due to the impact of the COVID-19 pandemic on employee transfers, remote working having been widely adopted.

In recent years, “iBuyer” programs have become common with companies such as Zillow, OpenDoor and Redfin.

“I think iBuyers compete with each other because it’s a commodity service,” Glenn Kelman, CEO of Redfin, said on a conference call in February. “The reason we believe we can be effective is first and foremost because we can be effective – this is precisely the nature of our business. We’ve been committed to efficiency for a long, long time.

William Raveis has his main office in Shelton; there are currently 2,364 agents in Connecticut alone. The company provides brokerage services in all six New England states as well as New York, New Jersey and Florida.

The Raveis Purchase Program is available in all nine states.

Connecticut saw nearly 10,500 homes sold between January and March, according to Berkshire Hathaway HomeServices New England Properties – a 23% increase from the previous year.

William Raveis will pay up to 80% of a home’s estimated current value to the seller, passing on the difference to the final sale price once he has made the necessary renovations and found a buyer. Details are online at raveispurchase.com, with free, no-obligation consultations.

“We have the property examined by an appraiser; we look at the lineups, we look at what things sell for, ”said Raveis. “The price at which they ultimately sell the house is 100% determined by the market. “

Real Trends ranked the company 11th nationally in terms of deals closed in 2020, growing 16% from the previous year to nearly 27,000 in total. Raveis also takes out mortgage loans and offers home insurance.

Alex.Soule@scni.com; 203-842-2545; @casoulman


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