Final Offer acquires the North American business of Openn
Final
Offer,
an
online
offer
and
negotiation
platform
for
residential
real
estate
transactions,
has
acquired
the
North
American
operations
of
Openn
Negotiation,
further
expanding
its
reach
in
the
U.S.
and
Canada.
Final
Offer
is
currently
available
in
10
U.S.
states
as
well
as
Ontario
and
Alberta,
Canada.
Openn
is
an
Australian
company
that
expanded
into
Canada
in
2022
and
developed
integrated
products
and
systems
used
by
the
Canadian
Real
Estate
Association
(CREA),
including
integrations
with
Realtor.ca.
By
buying
Openn’s
Canada
business,
Final
Offer
now
operates
the
platform
used
by
most
Canadian
real
estate
agents.
“We
are
pleased
to
welcome
Openn
to
the
Final
Offer
family,”
said
Judd
Hoffman,
co-CEO
of
Final
Offer.
“With
our
shared
commitment
to
transparent
and
efficient
technology
solutions
for
agents,
buyers
and
sellers,
Openn
complements
the
Final
Offer
platform
and
enhances
our
presence
and
commitment
throughout
the
U.S.
and
Canada.”
Like
Final
Offer,
Openn’s
goal
is
to
brings
more
transparency
to
the
negotiation
and
offer
process.
This
transparency
is
even
more
important
given
the
big
changes
happening
in
the
U.S.
market
after
the
NAR
commission
lawsuits
settlement,
said
Tim
Quirk,
Final
Offer’s
co-founder.
“In
the
U.S.,
with
the
changes
occurring
on
Aug.
17,
consumers
and
the
market
are
demanding
more
clarity
and
transparency
around
the
way
real
estate
is
bought
and
sold,”
Quirk
said.
“Agents
talk
about
showing
and
proving
the
value
they
provide
to
clients
and
what
they
can
charge
for
services.
By
using
Final
Offer,
agents
can
prove
the
results
they’re
generating
for
clients
and
can
use
that
as
a
means
to
market
and
grow
their
business.”
Peter
Gibbons,
founder
and
managing
director
of
Openn,
will
join
the
Final
Offer
team.
“We’ve
only
just
begun
to
see
what
is
possible
when
the
offer
process
is
clear
and
the
information
is
trusted,”
said
Gibbons.
“I’m
excited
to
partner
with
Final
Offer
to
expand
on
our
mission
of
delivering
a
transparent
offer
experience
to
consumers
and
the
real
estate
community
across
Canada
and
beyond.”
Terms
of
the
deal
were
not
disclosed.
Final
Offer
has
raised
nearly
$14
million
to
date,
including
from
Second
Century
Ventures,
the
strategic
investment
arm
of
the
National
Association
of
Realtors,
as
well
as
more
than
100
real
estate
professionals.
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