Final Offer

Final Offer operates as a negotiation platform within the residential real estate market, aiming to introduce transparency and efficiency for buyers, sellers, and their agents. The company was co-founded in 2022 by Tim Gavigan and Patrick Haggerty. Gavigan, who serves as the CEO, brings to the venture his background as a real estate agent and team leader, having recognized the frustrations and lack of transparency inherent in the traditional offer and negotiation process. This firsthand experience in the real estate trenches directly shaped the development of Final Offer's core service. The platform allows sellers to publicly disclose the terms they are willing to accept, including a specific price, creating a clear framework for negotiations.

The business model is centered on providing a structured and transparent environment for real estate transactions. For sellers, it provides a tool to manage multiple offers and clearly state their desired terms from the outset. Buyers, in turn, can see precisely what is needed to secure a property, with the ability to meet the seller's stated price and terms to end the negotiation immediately. The platform also facilitates a transparent bidding process where buyers can see the current highest offer and make counteroffers, all in real-time. Final Offer generates revenue by charging a fee for each successful transaction conducted through its platform. This fee structure aligns the company's success with the successful closing of deals for its clients, who are primarily real estate agents and their respective buyers and sellers in markets like Boston and the greater New England area.

The service is designed to be utilized by real estate agents to streamline their workflow and provide a better experience for their clients. Key features include the ability for a listing agent to set and publish a "Final Offer" price and terms on behalf of the seller. Interested buyers can then submit offers digitally, with all parties having visibility into the process. The platform tracks all offer details, creating a clear and auditable record of the negotiation. A significant milestone for the company was securing $5.17 million in a seed funding round in early 2024, led by Watchung Capital. This capital infusion is intended to fuel the platform's expansion into new markets across the United States. The core value proposition lies in its ability to remove the guesswork and “blind bidding” scenarios that often lead to frustration and suboptimal outcomes in residential property sales.

Keywords: real estate negotiation, proptech, offer management, residential property, real estate agents, transparent bidding, property technology, digital offers, home buying, transaction platform