Phoenix real estate service revolutionizes home buying and upkeep, targets millennials
This article originally appeared on TechAZ. For more content about all things tech and entrepreneurship in Arizona, please visit TechAZ.org.
It’s a wonder the home-buying process hasn’t changed with the rest of the world. We can search for properties within a specific zip code on websites like Zillow and Trulia, but the actual means to buying a home are severely outdated. And for a generation like the millennials, who are used to implementing tech to smooth out the bumps, the process can be particularly tedious.
Justin Lesko and his wife, Dimple Patel, co-founded MrktStreet to change just that. They’d gone through the motions of buying a home a few times, and each time it felt scattered and antiquated. Justin and Dimple wanted to create something that would help people like them exchange and take care of properties with ease.
MrktStreet is a “digital hub” for anyone looking to buy or care for a home. Though it targets the millennial homeowner, the platform can also be used by realtors and contractors.
Prospective home buyers can use MrktStreet to search for properties, then save them to a list of favorites. (The search experience is similar to existing home search sites, with a map and filters based on price, square footage, number of bedrooms, and more.) Once the buyer secures a realtor, they can share their favorites list with the realtor, who can then arrange showings. The buyer can also snap photos of the things they like about a home, like a fireplace or open concept, and save them in the mobile app for future reference. Because the home buying process often lasts about a year, these photos and notes help the realtor guide their client to houses they’re more likely to appreciate.
MrktStreet helps home buyers organize their lending documents and share them with lenders. Users can track the completion of different documents in the comfort of a secure online environment. Once the actual sale is complete, the new homeowner can also use MrktStreet to claim on HOA, file a property insurance or home warranty claim, and find contractors to take care of property upkeep.
For realtors and contractors, Mrktstreet seems especially convenient. Realtors will soon be able to search for home buyers in the area by demographic. The app will display a specific home’s history (like sales and construction) to help realtors narrow down the home search. Contractors will also be able to schedule services with the homeowner on an in-app calendar.
“Part of the magic behind MrktStreet is that we’re not trying to be the broker, or the agent, or the lender. . . we’re really focused on making sure that we can help the homeowner have the best experience,” says Justin Lesko.
MrktStreet will start out on iOS and Android but eventually develop a desktop application. Right now, MrktStreet is finishing up its initial development with its beta launch coming this June. (Those who are interested can sign up for the beta version on MrktStreet’s website.) The platform is also building out partnerships with property insurers and lenders, as well as going through the process of seed funding and angel rounds. MrktStreet’s full mobile app will be available this fall.