SilverCrest Estates Surpasses $2.5 Billion in Property Purchases

November 20, 2024 – Dallas, TX – SilverCrest Estates today announced it has surpassed $2.5 billion in cumulative property purchases, marking a significant milestone in the company's mission to simplify real estate transactions.

A New Standard in Real Estate

The milestone represents:

• 15,000+ homes purchased directly from homeowners
• 32 active markets across the United States
• 14-day average closing time
• $167,000 average purchase price

"Reaching $2.5 billion in purchases demonstrates the growing demand for alternatives to traditional home sales," said Sarah Chen, Chief Operating Officer. "Homeowners increasingly value the speed, certainty, and convenience that cash offers provide."

Why Homeowners Choose SilverCrest

The company's research shows sellers choose cash offers for various reasons:

| Reason | Percentage | |--------|------------| | Speed of closing | 35% | | No repairs needed | 25% | | Certainty of sale | 20% | | Avoiding showings | 12% | | Other circumstances | 8% |

Growing Buying Capacity

SilverCrest Estates' acquisition capacity has also grown substantially:

• $500M+ in capital deployed annually to buy homes
• 92% of accepted offers closing on the seller's chosen date
• Nationwide renovation and closing partner coverage
• Average IRR of 18% for fix-and-flip transactions

Looking Ahead

The company plans to expand to 50+ markets by 2026, with a focus on:

• Underserved metropolitan areas
• Markets with strong investment fundamentals
• Regions with motivated seller populations

"We're just getting started," added Morrison. "Our technology platform allows us to scale efficiently while maintaining the service quality that drives our reputation."

About SilverCrest Estates

SilverCrest Estates is a technology-enabled real estate company providing cash offers to homeowners and investment opportunities to real estate investors nationwide.

Media Contact

Press Inquiries:
press@silvercrestestates.com
(800) 555-0199