San Mateo based app-enabled real estate startup Reali has raised a $5m Series A led by Signia Venture Partners.
Reali offers lower fees and cash back with a full refund of the buyer's agent commission (typically 2.5%) that is paid back to the buyer. The seller's commission is reduced to just 4%, saving tens of thousands of dollars in certain markets. Full mortgage brokerage service and warranty are offered to both home buyers and sellers. Reali has made significant progress since its initial launch in late 2016, driving substantial benefits and cost-savings for its customers. On average, each transaction through Reali saved home buyers $31,335 off the cost of their home purchase.