Compravenite innovative: Giorgio Tinacci (Casavo)

Summary

In this interview, Giorgio Tinazzi, founder of Casa Vo, discusses the innovative real estate startup that guarantees apartment sales within 30 days. By leveraging a technology-driven valuation model, Casa Vo offers competitive purchase prices—typically around 8% below market value. Currently operating in Milan, the company plans to expand to Rome and other major Italian cities. Tinazzi highlights collaborations with real estate agencies, positioning Casa Vo as a partner rather than a competitor. With significant investment backing and a focus on quick transactions, the startup aims to transform the traditional real estate market.

Takeaways

• 🏡 Casa Vo guarantees property sellers an offer within 24 hours and completion of the sale within 30 days.
• 📉 Offers from Casa Vo average around 92% of a property's market value, ensuring transparent pricing.
• 🔍 The company uses a technological model based on data triangulation for accurate property evaluations.
• 🌍 Currently operating in Milan, Casa Vo plans to expand to Rome and other major Italian cities within 12 months.
• 💰 Casa Vo has secured significant funding, raising a total of €9.4 million from both German and Italian investors.
• 🤝 Casa Vo collaborates with real estate agencies rather than competing with them, enhancing service offerings.
• 🚀 The startup has completed 10 transactions to date, with a goal of reaching 60 by the end of the year.
• 📊 Casa Vo is seen as a partner for agencies, providing a steady flow of property listings and faster sales.
• 🔑 The company does not engage in traditional real estate agency roles but acts as a direct buyer for properties.
• ⏳ Properties are held by Casa Vo before being resold, with ownership typically transferred after one year.

Q & A

What is the main focus of Casa Vo?

Casa Vo is a startup that aims to find buyers for residential properties, primarily from private sellers, and guarantees the sale of an apartment within 30 days.

How does Casa Vo determine the offer price for a property?

Casa Vo typically makes offers at an average discount of 8% off the market value, which is determined through a combination of internal data analysis and professional appraisals.

What technology does Casa Vo use in its valuation process?

Casa Vo employs a technological model that triangulates data from multiple sources, along with conducting on-site appraisals to confirm market values.

Which cities is Casa Vo currently operating in?

As of now, Casa Vo operates solely in Milan, but plans to expand to Rome and potentially other major Italian cities in the near future.

Who are the main investors behind Casa Vo?

Casa Vo initially received investment from Picus Capital, a German venture capital firm, and later attracted Italian investors such as 360 Capital Partners and Marco Pescarmona.

How does Casa Vo interact with traditional real estate agencies?

Casa Vo partners with real estate agencies rather than competing with them. Agencies can offer Casa Vo's services to their clients, facilitating faster sales.

What is Casa Vo's approach to acquiring properties?

Casa Vo acquires properties either through partnerships with real estate agencies or directly from private sellers via their online platform.

Does Casa Vo operate as a real estate agency?

No, Casa Vo does not operate as a traditional real estate agency and does not have in-house licensed agents. It collaborates with external agencies for property transactions.

What happens to the properties after Casa Vo purchases them?

After purchasing properties, Casa Vo holds them for a period before reselling, with ownership transfer typically occurring after a year.

What are the future goals of Casa Vo in terms of market presence?

Casa Vo aims to establish itself in the top five Italian cities for residential real estate and significantly increase the number of transactions it handles.