Technology: This start -up undertakes to buy your property if you do not find a buyer

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Les honoraires de Casavo sont de 5% si la transaction aboutit avec un acheteur tiers et de 0 € si c’est Casavo qui rachète le bien (mais après une décote de 6% de la valeur de rachat). © photographer.eu/photographer.eu - Stock.adobe.com Casavo fees are 5% if the transaction is successful with A third -party buyer and 0 € if it is Casavo who bought the property (but after a discount of 6% of the buyout value).

Having the assurance of selling your property regardless of the market situation. This is the promise of Casavo, this Italian real estate platform founded in 2017, which has just set up in France, in Paris more exactly, after having raised 400 million euros this summer. " France is the greatest opportunity of the European residential market, given the number of transactions made ," says Giorgio Tinacci, founder of Casavo. Concretely, if an individual wishes to separate from his accommodation and he goes through Casavo, either the transaction results in the 5 months or she fails and Casavo buys the property at a price fixed in advance, without suspensive condition and without delay withdrawal, with a discount, however, 6% compared to the market price. Note, Casavo's fees are 5% if the transaction materializes with a third -party buyer and 0 € if it is Casavo who bought the property.

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The Credit rates that have continued to flambé since the beginning of the year and can slow down or even fail a transaction go in the direction of the original Casavo offer. " sales times have increased what is the source of uncertainties for sellers. They need to have an security net, "said Bertrand Martin, CEO of Casavo France.

Longer sales times in Spain and Italy

The company will focus on the 9th, 10th, 11th and 12th arrondissements of the capital for the launch of its offer but hopes to expand it to all of Paris and to others Cities like Nice, Lyon, Marseille or Nantes. And the transalpine start-up sees big: " by 2025, our goal is to reach 5% market share in the main metropolitan areas, starting with Paris. The objective is ambitious but possible thanks to our technology, to our important investments for France and the know-how of Proprioo ", hopes Giorgio Tinacci.

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To do this, Casavo relies on the hundred collaborators from the neo online real estate agency Proprioo whose acquisition has just been acquired. Thus, it offers a classic agency service while adding a guaranteed sales model. This Buying Instant concept, or instant purchasing, she offered it in Italy, Spain, Portugal before bringing it to France. Inspired by the American model of Opendoor, start-ups such as Homeloop, Dili or Zefir already offered this type of instant purchase. But this time instead of focusing on speed with a firm purchase proposal in 48 hours, Casavo prefers to bet over a longer period (5 months) with the concept of guaranteed price which should allow speed and speed and Maximization of profit for the seller. “ We adapted our guarantee to France. In Spain or Italy, the time required to conclude a real estate sales transaction in Paris is 40 to 50% lower than that of Milan and Madrid. The lack of liquidity leads to an need to sell even faster t in other European countries ”, justifies Bertrand Martin. It remains to be seen whether the start-up model will be lasting, she who takes the risk of redeeming the unwitted property in an attempt to sell it afterwards to his own account.

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