Beycome
 | |
| Industry | Real estate |
|---|---|
| Founded | 2020 |
| Founder |
|
| Headquarters | Miami, Florida |
| Services | Buy, sell, title and Financing homes |
| Website | beycome |
Beycome.com is an American technology-driven real estate marketplace that simplifies the processes of selling, buying, and financing properties. Founded in 2020, the company offers a platform where homeowners, sellers, and buyers can engage in real estate transactions independently of traditional agents.[1] This self-service model allows users to navigate the real estate market on their own terms, fostering significant cost savings by eliminating typical agent commissions. Beycome’s approach empowers individuals by providing the tools and resources needed to manage transactions effectively, promoting a more direct and efficient real estate experience.[2][3]
History
Founded in 2020 by Nicolas Jodin, Cyril Carbonnier, and Sam Odio and based in Miami, Florida, Beycome is an innovative online marketplace and listing platform dedicated to the real estate market.[4] The platform facilitates the buying, selling, closing, and financing of homes and operates across twelve states: Alabama, California, Connecticut, Florida, Georgia, Illinois, Indiana, Michigan, Minnesota, North Carolina, South Carolina, and Texas. Beycome offers a comprehensive suite of tools and services that assist users at every stage of the real estate process, including listing homes, scheduling viewings, negotiating offers, and finalizing transactions. By 2023, Beycome reported that it had saved its users over $100 million in commissions, and by 2024, it had successfully closed on more than 14,000 properties.[5]
Services
Beycome provides a comprehensive range of real estate services through its web and mobile platforms, catering to buyers, sellers, and those needing financing solutions:
Seller Services
For sellers, Beycome offers a flat-fee MLS (Multiple Listing Service) listing starting at $99, allowing homeowners to save the usual 6% listing agent commission. The Beycome Seller Program not only helps in retaining these savings but also provides comprehensive support services such as marketing, co-piloting by their AI named Artur, contract management, and a messaging system. These services empower sellers to manage their listings effectively and efficiently.[6]
Buyer Services
Beycome facilitates a direct connection between home buyers and homeowners, enabling buyers to search for properties by location, price, features, and other specific criteria. The platform's Beycome Buyers Program incentivizes buyers by offering a rebate of 50% of the typical 3% buyer agent commission at closing. This program significantly reduces the overall cost of purchasing a home.[7]
Title Services
Both buyers and sellers have the option to utilise Beycome's title and escrow services through the same digital platform, offering these essential services at a fraction of traditional costs. This integration simplifies the closing process, making it more streamlined and cost-effective.[8]
Mortgage and Loan Services
Through Beycome Mortgage LLC, buyers can benefit from reduced interest rates by applying the commissions saved towards lowering loan interest points. Additionally, Beycome Mortgage LLC offers a 1% rebate on the total mortgage amount requested. This service is exclusively available to Beycome users, providing further financial advantages during the home buying process.[9][10]
Business model
Beycome is a fully digital real estate marketplace that streamlines the process of buying, selling, and financing properties. It operates through a website and mobile app, eliminating traditional intermediaries such as real estate agents, mortgage brokers, and title companies. This business model is designed to manage all aspects of a real estate transaction—listing, negotiating, closing, and financing—in one integrated platform. Beycome focuses on educating both sellers and buyers, providing a transparent and user-friendly experience that allows users to handle their own transactions. This approach helps users save on significant commission fees.[11]
Significant milestones in Beycome's recent history include:
- In September 2023, the introduction of the "Buy with Beycome" program, which supports home buyers and offers a cash rebate at the closing of the transaction.
- In March 2024, the launch of Beycome Title LLC, which provides remote title insurance and closing services.
- In May 2024, the creation of Beycome Mortgage LLC, offering mortgage and loan services exclusively to Beycome users.
References
- ↑ "beycome Archives". Your Florida Notary. Retrieved 21 May 2024.
- ↑ Taub, Alexander. "Meet Beycome, A Real Estate Platform Aiming To Line Homeowners' Pockets, Not Realtors'". Forbes. Retrieved 21 May 2024.
- ↑ Moersen, Alex (16 October 2017). "Startup beycome Working to Give Control Back to Homeowners". Innovation & Tech Today. Retrieved 21 May 2024.
- ↑ "Founder Spotlight: Nico Jodin, CEO of beycome | LAB Ventures Blog". www.labventures.co. Retrieved 21 May 2024.
- ↑ Porter, T. J. (28 June 2023). "Beycome Review". Bankrate. Retrieved 21 May 2024.
- ↑ "Beycome - Startup Company Profile | TRUiC". Startupsavant.com. 30 June 2023. Retrieved 21 May 2024.
- ↑ "How Beycome saved $15,000 a year—while improving communication". Dialpad. Retrieved 21 May 2024.
- ↑ "Beycome Secures Bridge Round; Bright Future Ahead | LAB Ventures Blog". www.labventures.co. Retrieved 21 May 2024.
- ↑ "beycome1". www.f6s.com. Retrieved 21 May 2024.
- ↑ Pros, Armadillo Home (19 March 2023). "Armadillo x Beycome: Expanding the real-estate ecosystem". Armadillo. Retrieved 21 May 2024.
- ↑ Hedly, Jennifer (24 April 2023). "Beycome Zooms Past the $100M Mark in Commission Savings, Thanks to Our Loyal and Smarter-than-Average Customers!". Florida Newswire. Retrieved 21 May 2024.