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Press release content from Business Wire. The AP news staff was not involved in its creation.

Lake Mahopac, NY Home Makes Call-For-Offers on SparkOffer, New Web and Mobile-Accessible PropTech Service That Accelerates Home Sales via Real-Time Capabilities

April 11, 2019

MAHOPAC, N.Y.--(BUSINESS WIRE)--Apr 11, 2019--Homeowner Michael Levine of 464 North Lake Boulevard in Mahopac, New York is making a “Call for Offers” via SparkOffer, a new PropTech service designed for the “speed age” that allows users to submit and accept real-time offers on for-sale homes via web and mobile devices. The homeowner is using the combination of SparkOffer’s multiple-offer capabilities in combination with a 38-percent reduction from the property’s original price of $3.25 million. This demonstrates his commitment to selling in the spring market, as there are currently an estimated 1,600 homes in New York State with an asking price over $1 million that have been on the market for more than a year.

SparkOffer increases the buyer pool for sellers as buyers can still elect typical offer terms like home inspections and mortgage contingencies, options that are not available through the auction route. Additionally, SparkOffer features like the new Watch feature alert buyers via text and email messages when other offers are placed on properties they’re interested in, keeping them up-to-date on property movement.

“SparkOffer is the digital version of the traditional transaction marketplace, where sellers can post for-sale homes and buyers can submit real offers, designed as a new solution for homes in areas that need a market boost as an alternative to the auction process, such as the case with Mr. Levine at 464 North Lake Boulevard,” said Mike Russo, founder and developer of SparkOffer. “It’s a fully transparent process that makes buying and selling a home exciting, easy and financially beneficial for both parties.”

464 North Lake Boulevard, listed locally with Richard Castro of Weichert Realtors, is a newly-renovated, dramatic home that features unobstructed views of Lake Mahopac. The first-floor provides a chef’s kitchen, an expansive butler’s pantry and a formal dining room. The home’s first-floor master suite has a generous walk-in closet and French doors leading to a private balcony with lake-views, and an inviting master bathroom offers a soaking tub, a marble-tiled shower and a sauna. A two-story living room is bathed in natural light from large windows, and French doors open to an additional balcony that flows down to the sprawling 1.66-acre yard, featuring a custom chipping range and a boat house with a spacious deck overlooking Lake Mahopac.

The stunning home, located one-hour from New York City, is available for purchase through SparkOffer, which allows users to interact and manage home sales and purchases via a web-based dashboard and internal messaging system. “SparkOffer is making it possible for interested buyers to place an offer on 464 North Lake Boulevard at their own convenience, eliminating the back-and-forth from the traditional process and appealing to digital-age expectations,” said Mr. Levine.

While other PropTech entities focus on allowing buyers to simply view online listings, SparkOffer users can interact and make offers with or without the assistance of a buyer’s agent. Buyers can quickly walk through a simple offer process, use a credit card for the initial deposit and sign offer agreements from any device, while sellers receive immediate text and email notifications of their offers and can provide real-time feedback to interested buyers.

SparkOffer was developed and founded by Mike Russo, who utilized comprehensive experience in global luxury real estate and auctions, as well as software development to bring the service to life. Mike created SparkOffer with the goal to provide agents and self-represented users a simplified tool to modernize and increase productivity in the home-selling process. For more information on SparkOffer, visit  http://sparkoffer.com/  or call 844-676-7651.

About Mike Russo

With an extensive background in global luxury residential real estate, Mike Russo is an accomplished real estate veteran with two decades of industry experience, with quantifiable success closing record-setting transactions on an international scale. Most recently, Russo served as director of business development and COO of Concierge Auctions, a global real estate marketplace specializing in the auction sale of luxury homes, where he personally handled over 350 property sales across 20 states and in 15 countries. During his tenure, Russo spearheaded numerous sales and technology initiatives that helped Concierge grow to more than $1 billion in historical sales in just seven years. Prior to Concierge Auctions, Russo served as the Vice President of Realogy/Cendant, one of the largest real estate franchisors. In 2009, Russo created and founded Rezora, a digital marketing platform targeted towards the real estate industry. Under Russo’s guidance, both Concierge Auctions and Rezora were included on the Inc. 5000 Fastest Growing Companies list, and now he has his sights are set on Particip8 Realty reaching that list quickly. Through a culmination of his industry experience and entrepreneurial-savvy, Russo offers Particip8 Realty and SparkOffer, both designed to save users thousands in unnecessary fees while empowering local brokers to reach target sales goals.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190411005792/en/

CONTACT: For additional information:

Quinn PR

Jessica McGettigan


212.868.1900 ext. 259



SOURCE: Particip8 Realty

Copyright Business Wire 2019.

PUB: 04/11/2019 02:23 PM/DISC: 04/11/2019 02:23 PM