1krealty.com

What It Is

1K Realty is a technology-driven buyer’s brokerage service operating in Washington State, with a focus on the Greater Seattle area. It is not an enterprise SaaS product in the traditional sense, but rather a service platform combining licensed real estate agents with a web/mobile app portal. Its positioning is that homebuyers can drive the process themselves, purchase specific services as needed, and receive a 100% buyer-agent commission rebate.

Core Capabilities

The platform breaks the homebuying process into several modules: Property Insights for obtaining property disclosure documents, inspection reports, seller disclosure forms, and asking sellers questions; Home Tours for scheduling showings and inspection visits; Offer Writing for drafting and submitting offers, with unlimited revisions for a single property; and Contract to Closing for transaction support after an offer is accepted. The website also states that users can manage inquiries, disclosures, tours, offers, and closings through the portal or app, as well as request and track services.

Pricing Model

Its pricing is transparent and highly on-demand: property information services cost $50 per property, which can be credited toward the offer-writing service for the same property; home tours are charged by duration, from $90 for 30 minutes to $280 for 240 minutes; offer writing costs $250 per property; closing services are tiered by home price, at $750 for ≤$1M, $1,250 for $1M-$2M, and $1,750 for >$2M. The platform says fees are capped at $6,000, though additional home tours are still charged separately. Payment is made after services are completed, and the closing service fee is deducted from the commission before the remaining balance is rebated.

Pros and Cons

Its strengths are a clear model, costs far below those of a traditional buyer’s agent, and improved purchasing power for buyers through commission rebates. The non-exclusive agency agreement also reduces lock-in risk. It is especially friendly to investors and self-directed buyers who are already familiar with the homebuying process. The limitations are that the service offers less hands-on guidance, so buyers need to be more proactive; it currently operates only in Washington State; and home tours depend on agent availability. From a SaaS evaluation perspective, there is little disclosed information on APIs, permission management, integrations, security, or compliance.

Who It’s For and Access from China

It is best suited to buyers, new-home purchasers, and investors buying property in Washington State who are willing to search for homes themselves and purchase professional support only at key stages. Whether it can be accessed reliably from mainland China is unknown, as the collected text provides no basis for assessment.