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Houston Real Estate Investor Group Launches SellYourFloodHouse.com
After successfully navigating a capital raise of $250,00, SellYourFloodHouse.com (SYFH) has launched its website, allowing Gulf Coast flood victims the opportunity to have investors bid on their houses. Less eBay than LendingTree in its process, SYFH expects to generate five investor bids per property. The site was founded by Houston real estate investor Larry Haines and several others, including some of Mr. Haines' colleagues on The Realty Investment Club of Houston (RICH) Board of Directors.
 | | Three of the initial investors in SYFH |
The site is not the first to launch since Hurricane Katrina ravaged the Gulf Coast.
StrollAway.com received press attention when it first launched in January.
Currently, StrollAway lists nine properties in New Orleans. StrollAway originally launched promoting help to Katrina victims, as a way to "stroll away" from their home. Now the offers opportunities for buyers and sellers to meet for free.
Whereas StrollAway leads appear as listings available to all members, SYFH promises to show a seller's home to five investors, hoping to generate competition among them.
Maybe SYFH's motto ought to be, "When investors compete, you win."
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