RALEIGH – Property technology startup Curbio will now provide services to real estate agents and their clients in the Raleigh area.

The company leverages technology to source and manage the repairs necessary to prepare a home to be show- and market-ready, it noted in a statement.  Curbio, Inc. also serves as the licensed, insured general contractor for its projects.

To use the services, homeowners pay at closing, upon the sale of the house.

The company said in a statement that it can prepare homes for listing and sale up to 60% faster than other home repair or home improvement options.

“Raleigh is one of the hottest housing markets in the United States, making it a perfect fit for Curbio as we expand,” said Olivia Mariani, vice president of marketing at Curbio in the statement.  “Buyers in Raleigh want move-in-ready homes, and Curbio is the only completely turnkey pre-listing home improvement solution that allows real estate agents and homeowners to meet this demand without paying any cash up front.”

Mariani called the service “seamless.”

The Triangle’s real estate markets are still competitive, even as mortgage interest rates have increased since the beginning of the year.  Many move-in ready homes receive multiple offers, and a number of homes have sold for more than $100,000 above the list price of the home.  Costs pertaining to housing have increased and housing affordability is at an all-time low in the Triangle.

The firm is hosting a presentation next week that outlines six common pre-listing updates homes in the region could benefit from making prior to the home entering the open market.

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NC a prop tech magnet?

Earlier this year, Curbio announced it would open services in the Charlotte area.  Raleigh is the sixth market expansion for the company this year, and is the 30th market where the company operates.

According to the company, which was founded in 2017, it “partners exclusively with real estate agents and their clients.”

It’s far from the first real estate or property technology company to announce an expansion into North Carolina.  Earlier this year, HomePace announced it would provide a mechanism for owners to tap the equity in their homes at a time when more than half of Triangle mortgagees are equity rich.  And tech-enabled companies Sundae and NomadLease entered the Raleigh market earlier this year, as well.  Plus, there are companies such as Orchard, Ribbon, and Knock that provide technology-enable real estate services operating in the region, as well as the iBuyers Opendoor, Offerpad, and RedfinNow.

And, there’s also the homegrown property technology companies, including Plum, SocialEquity, HomeCloud, and Exhale.  And that’s just in the residential markets.  With property technology companies and real estate industry companies growing in the region, Raleigh’s The Work Hall, announced earlier this year, will cater to the industry.

The Work Hall – a coworking space for real estate industry professionals – opening in Raleigh