House Realty with Open House acquisition

The companies rebranded as OpenHouse, boasting that the new company was a real estate lifestyle search company that combines property search, data-driven real estate agent recommendations, and in-depth neighborhood and community information.

Now, OpenHouse is selling its technology platform to In-House Realty, which says that it is seeking to combine all of the elements of the home buying process into one platform.

“In an effort to eliminate the complexities and stress that can sometimes accompany buying or selling a home, we are focused on combining online home search, obtaining a mortgage and connecting with an agent into a more seamless experience for consumers,” said Doug Seabolt, In-House Realty CEO.

The deal will see In-House Realty acquire OpenHouse Realty, and its home and real estate agent search technology platform.

According to In-House Realty, the deal will “further strengthen In-House Realty’s core business of matching homebuyers and sellers with qualified pre-screened agents across the country, providing them a superior real estate experience.”

A spokesperson for OpenHouse said that the company is retaining its brand and its brokerage, but selling its technology platform.

“Finding a reputable agent and a great home go hand-in-hand,” said Ron Frankel, OpenHouse Realty CEO.