Yoreevo — Disrupting The Way to do Real Estate in New York- Buyers Get Rebate of 1.5 % to 2%

Typically, real estate technology companies have their primary focus on facilitating real estate agents’ jobs — this focal point in the real estate industry itself is subject to dispute. The largest problem is left mostly unaddressed, that is, a dearth in deal flow. This is why Yoreevo, https://yoreevo.com/ a new real estate tech company in New York aims to be different and provide redress to the biggest ignored problem in the current real estate industry. NYC is one of the most expensive real estate markets in the country.
NYC listing agreements are structured as a 5–6% commission where the listing broker agrees to split that with the buyer’s broker, should they have one. Yoreevo receives half of the commission, 2.5% or 3%, and gives the buyer a check at closing for 1.5% or 2%.
Yoreevo is all about being inventive and problem-solving based on the facts and figures of the real estate industry. The company gleaned the following data:
The average NYC Douglas Elliman agent does 2.4 deals per year — this is from VGR’s SEC filings.
Douglas Elliman released numbers on the Manhattan market, finding that the median sales price increased 13.1 percent from the same quarter last year to $1,108,500. The price per square foot was up 31.3 percent to $1,759, another record. And the average sales price rose 13.1 percent to $2,029,075 — that marks the second consecutive quarter in which the average price to buy a Manhattan apartment surpasses $2 million.
Data from Compass indicates its average agent (nationwide) does about 5 deals per year — the number is almost certainly higher than its NYC average.
All of today’s real estate technology companies are missing the forest for the trees. They focus on making the agent’s job easier. Just how helpful those tools are could be debated but they don’t address the largest problem, by far, of the real estate industry — lack of deal flow.
The simple truth is the vast majority of an agent’s time is spent finding and recruiting clients — they have more than enough time to execute a transaction and shaving an hour or two off that process doesn’t solve the core problem.
Yoreevo is increasing efficiency where it is needed most — lead generation. While also building the company’s infrastructure, Yoreevo’s co-founders were each run-rating 15–20 deals per year.
Yoreevo’s model is the future of the real estate brokerage — agents should be spending as much time as possible working with clients, not finding them.
Yoreevo states that the reasons that cause these malaises in the real estate industry can be remedied.
The team behind Yoreevo are highly experience in real estate. The formidable founders of Yoreevo are James McGrath, Leon Goldfeld, and Adam Bensimon. Each of them has a stellar repertoire in the real estate industry. As a young and dynamic team, Yoreevo uses all their combined talents, experience and inventiveness to make an impacting change in the real estate industry in New York that helps clients make the most with their money.

Buyers Yoreevo Advantage
Thoroughly understand their search
Identify properties
Schedule viewings that we attend together
Analyze pricing for all units under consideration
Negotiate until a deal is finalized
Connect with vetted, reputable mortgage originators and attorneys
Thoroughly understand their search
Identify properties
Schedule viewings that we attend together
Analyze pricing for all units under consideration
Negotiate until a deal is finalized
Connect with vetted, reputable mortgage originators and attorneys
Assemble complete board packages
Walk away with a large commission rebate!

Sellers Yoreevo Advantage
1% listing fee
FREE in-depth pre-listing consultation
Detailed data-driven comparative market analysis
Listing preparation
Distribution and discoverability across all relevant outlets
Professional photography and flyers
Expert negotiation assistance
Transaction coordination from contract to close

What needs to be done is to increase the efficiency in critical areas and Yoreevo figured that lead generation with simultaneous company infrastructure are vital.
Yoreevo was founded in 2017 and follows the 1% commission model. What sets them apart is the fact that they also adhere to a client-first, lower cost business model — this saves clients’ money, and this is Yoreevo’s competitive edge.
They don’t believe customers should have to overpay for great service, and they don’t believe a broker should average $60,000 in commission on every NYC transaction. Yoreevo is taking on entrenched industry standards to make NYC real estate more affordable.

Yoreevo is taking a fresh look at what a real estate brokerage should be in 2018. They reinvented the model and integrating technology at every step to operate much more efficiently.
Yoreevo is able to operate significantly more efficiently and offer full-service representation at a fraction of the price.

The Yoreevo team have been featured in top media and are disrupting the way real estate is done in NYC.
