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What is Lofty?

Lofty provides a platform for sellers to list their properties for sale, with approval or denial based on criteria like occupancy status, condition, location, and rental history. Once a property receives approval, a new LLC is established to manage the sale. The tokens associated with the LLC are then transformed into individual tokens valued at $50 each on the Algorand Blockchain. A certified property inspector will evaluate the property and compile a detailed report. Should any repairs be necessary, the seller has the option to complete them before closing or to provide a credit to the LLC. The property is then listed on the Lofty marketplace for potential buyers. Once the property is fully funded, the LLC will proceed to finalize the transaction with the Title Company, leading to the transfer of the deed to the newly formed LLC, ensuring a smooth transition of ownership. This streamlined process facilitates investment opportunities for buyers while providing sellers with an efficient avenue to market their properties.

What is Auction.com?

Auction.com serves as the leading online platform specifically designed for the auctioning of residential properties, particularly those that are bank-owned or facing foreclosure, through both live and virtual auction formats. The site significantly improves user engagement by offering an advanced technological interface for seamless interactions, complemented by an extensive inventory of more than 30,000 listings and a strong focus on providing buyer support and expertise. In today’s market, modern investors are increasingly looking for greater control, detailed insights, comprehensive data, and interactive experiences, which pushes us to move beyond conventional auction methods. By combining our passion for real estate with the latest technological advancements and data-driven strategies, we have created an exceptional transaction platform that has successfully generated $52 billion in sales, engaged 6.3 million registered users, facilitated the sale of 451,000 properties, and currently features over 16,000 active listings. Employing a dedicated team of over 700 professionals to assist both buyers and sellers, we conduct more than 10,000 auctions each year across all fifty states, ensuring a vibrant and competitive marketplace. Our mission is to equip every investor with the essential tools and knowledge needed to thrive in this rapidly changing landscape, thus fostering a community of informed and empowered real estate participants.

Media

Media

Integrations Supported

Axis LMS
Parsey

Integrations Supported

Axis LMS
Parsey

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Free
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Lofty AI

Company Location

United States

Company Website

www.lofty.ai/

Company Facts

Organization Name

Auction.com

Company Location

United States

Company Website

www.auction.com

Categories and Features

Categories and Features

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