FSBO.com Launches PACT Platform to Digitize Home Purchase Agreements
FSBO.com has rolled out PACT, a new digital platform designed to streamline the traditionally paper-heavy process of home purchase agreements and negotiations. This beta launch aims to reduce friction and costs associated with residential real estate transactions.
The short version
- FSBO.com launched PACT, or Purchase Agreement Creator Technology, as a digital offer and negotiation platform, with its beta announced on September 4, 2026, as reported by Morningstar via PR Newswire.
- PACT is designed to guide buyers, sellers, and real estate professionals through initial offers, counteroffers, and term changes, managing contingencies and multiple offers within a single online workflow.
- The platform generates a single memorandum of understanding upon negotiation completion and retains a digital record of the transaction history.
- Developed from technology first built at Homepie, PACT is part of FSBO.com's broader strategy to digitize transactions from listing through closing.
- Despite the beta launch, FSBO.com's Help Center and services pages indicate that full offer negotiation tools, auto-generated contracts, and e-sign features are currently marked as "Coming Soon" for broader availability.
FSBO.com has rolled out PACT, a new digital platform aimed at streamlining the notoriously manual and paper-heavy process of residential home purchase agreements. The Purchase Agreement Creator Technology, or PACT, is designed as an end-to-end digital offer and negotiation system that guides all parties from an initial offer to a final, agreed-upon memorandum of understanding.
Morningstar, via PR Newswire, reported the beta launch of PACT on September 4, 2026, with HousingWire following up on September 7, 2026. This platform signifies a move to modernize a segment of real estate transactions that has lagged behind other digital advancements, such as online property searches and mortgage applications.
What is PACT and how does it work?
PACT functions as a comprehensive online workflow for creating, negotiating, and finalizing purchase agreements. Buyers can initiate offers directly from a property listing on FSBO.com, and the platform then guides all involved parties through any necessary counteroffers and term changes within its interface. Sellers gain tools to review and respond to offers, counter individual terms, request "best and final" submissions, and manage multiple competing offers from a centralized dashboard. The system is built to accommodate common deal structures, including multiple offers, contingencies, home sale requirements, and leaseback arrangements. Once negotiations conclude, PACT generates a single memorandum of understanding that reflects all final agreed-upon terms and retains a digital record of the entire negotiation history. The platform is designed to handle transactions involving both represented and unrepresented buyers and sellers, allowing agents to manage negotiations for clients while ensuring clients maintain visibility into the process.
Who developed this technology?
The underlying technology for PACT was initially developed at Homepie, a company founded by Brad Rice, who is now also associated with FSBO.com. This technology has since been significantly expanded and enhanced for FSBO.com. The launch of PACT is a key part of FSBO.com’s broader strategy to digitize real estate transactions from listing through closing, a modernization effort initiated after the company's acquisition in February 2026 by a new ownership group led by Mike Kortas, CEO of FSBO.com and Founder/CEO of NEXA Lending, and Brad Rice. FSBO.com relaunched with an upgraded platform powered by embedded agentic AI in collaboration with bevri.ai, led by CEO Jonathon Haddad, in March 2026.
What problem does PACT aim to solve?
PACT aims to tackle the historically manual and paper-intensive nature of drafting and agreeing to purchase terms in real estate. Mike Kortas, CEO of FSBO.com, stated that "Every unnecessary step in a real estate transaction creates friction, consumes time, and ultimately adds cost somewhere in the process." Brad Rice echoed this sentiment, noting, "Real estate has accepted an unnecessarily complicated offer process for far too long... We asked a very simple question: Why can't making an offer on a home be as easy as clicking a button and being guided through the process?" Jonathon Haddad of bevri.ai added that "Consumers should not have to understand every piece of an incredibly fragmented real estate ecosystem just to successfully complete a transaction," highlighting the platform's goal of simplification.
When will PACT be fully available?
Pact has launched in beta and is initially being rolled out to the FSBO.com community for real-world testing and feedback. This feedback will be crucial for refining the user experience before a broader release. However, FSBO.com's own Help Center and sections dedicated to "Contracts & Closing" currently list "Offer negotiation tools," "Auto-generated contracts," and "E-sign & document storage" as "Coming Soon." This indicates that while the platform is officially launched in beta, its full availability and functionality across the entire user base may still be in a phased rollout or ongoing development.
The next phase of FSBO.com's modernization efforts will focus on the "contract to close" segment of the transaction. In partnership with bevri.ai, FSBO.com is developing additional technology to integrate services, vendors, financing resources, and transaction support to guide a sale from an accepted offer through to closing. Executives at FSBO.com anticipate that PACT’s utility could extend beyond for-sale-by-owner deals, potentially serving as a standardized digital offer and negotiation layer for transactions that involve agents as well.
This is educational information, not legal, financial, tax, or investment advice.
Frequently asked questions
Who can currently use the FSBO.com PACT platform?
The PACT platform is currently in a beta rollout phase and is initially available to the FSBO.com community for testing and feedback. A broader public rollout is expected after this refinement period.
What features are still being developed for PACT?
While PACT has launched in beta, FSBO.com's official site indicates that full offer negotiation tools, auto-generated contracts, and e-signing capabilities are marked as "Coming Soon," suggesting these functionalities are still being integrated or rolled out to all users.
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