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Perch, now called Orchard, raises $36M to simplify home buying and selling

Orchard cofounder Court Cunningham says that more than 85 percent of those homes sell at a market price before the 90-day period.

Cunningham believes this is what makes Orchard a more human tech real estate platform, fully aligning the interests of the real estate agent with the buyer/seller.

When a home doesn’t sell before the 90-day period, Orchard buys the home a few points below market value through that guaranteed offer, and then makes small improvements to the home to help it sell.

This is thanks in large part to the $200 million+ debt financing Orchard secured alongside its Series A funding round, and the fact that Orchard’s data scientists can help recycle those homes (and with it, the capital) relatively quickly on the market.

Orchard also offers a title business, letting buyers close the transaction via their phone from the comfort of their home.

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