Uber Co-founder Makes Real Estate Play With Haus

Uber co-founder Garrett Camp has launched a new real estate venture called Haus for startup studio Expa, which allows buyers to digitize the making and accepting of official offers on a property.

Camp debuted the startup on Thursday, TechCrunch reports. Haus now aims to capture the market for buyers looking for more transparency in the process, by allowing them to see the bidding movement on a property in real time. As the process is structured now, buyers may be told they are in a bidding war, but not have any idea how or when competing bids came in.

Haus hopes to change that, TechCrunch reports, and will pitch real estate agents on the amount of time it is able to save them and the efficiency it brings to the process.

“The openness will create a more efficient market and that the number of offers and price will ultimately be dependent on demand,” Haus General Manager Sarah Ham told the blog. “Bidding wars are a common, almost accepted, part of the real estate process today. But with our approach, buyers know where they stand. Buyers will know what they need to offer to make their offer competitive, but they also won’t negotiate against themselves.”

Haus is currently free but will eventually earn revenue from taking a portion of a broker’s fees on a listing.

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San Francisco Business Times, Riley McDermid
Photo: Haus How It Works listing page. (Courtesy of Haus)