RealPact, a startup that emerged from Y Combinator's accelerator, launched an AI platform this week that promises to automate the grinding paperwork of real estate transactions, from property showings through closing. The company says several major brokerages in New Hampshire are already using the system.
The pitch is straightforward: eliminate the hours agents spend tracking down deed records in county offices, copying tax assessments into contracts by hand, and corralling signatures from multiple parties. "The deed, the property records, the tax records… we fetch that information… and then use our models to auto-fill the contracts," co-founder Ranvir Deshmukh explained in a May interview with The Dartmouth, the student newspaper at his alma mater.
Whether RealPact can actually deliver on that promise at scale remains to be seen. But the company has moved quickly since its founding.
Four AI Agents, Each With a Job
RealPact's system relies on four specialized AI agents, each handling a discrete slice of the transaction workflow. The first pulls ownership records and flags liens or encumbrances from county registries. A second agent uses computer vision to extract tax data and property details from often-messy county documents. The third consolidates everything for contract autofill. The fourth fills contracts with verified information, attaches mandatory disclosures such as lead paint notices, routes documents for electronic signature, and monitors deadlines.
The platform connects to MLS systems and county databases, then maps the extracted data into customizable contract templates. According to the company's terms of service, which were updated in early August, the e-signature component complies with ESIGN and UETA standards, maintaining audit trails that track signer identity, timestamps, and IP addresses.
It's a system born from collegiate frustration.
From Campus AI Tool to Proptech Startup
Deshmukh, who graduated from Dartmouth in 2026, and co-founder Erik Peterson, class of 2026, won $20,000 at the Magnuson Startup Competition last spring before entering Y Combinator's summer cohort. Deshmukh had already built CourseMe, an AI-powered course advisor that reached 4,000 monthly active users—roughly 90% of Dartmouth's student body—before being acquired, according to his YC profile.
"In a nutshell, we automate real estate contracts for realtors," Peterson told The Dartmouth in May. Simple enough.
The team incorporated as SignPact, Inc. in Delaware on June 12, 2024, and now operates out of San Francisco, though they maintain a corporate mailing address in Hanover, New Hampshire, according to company filings.
Early Traction in New Hampshire
The company says it has partnerships with NextHome Modern Realty, Black House Real Estate, and Sotheby's, announced in June. "RealPact feels magical. We have never seen anything like it in real estate, and we believe it is going to change the industry for good," Spenser Molloy, owner of NextHome Modern Realty, said in the YC launch post published in early August.
Perhaps hyperbolic, but notable given the company's youth.
RealPact offers a 30-day free trial, followed by per-seat monthly billing for individual agents, teams, and brokerages. Larger firms can enter pilot programs, according to the company's terms of service.
A Market Already Full of Players
The transaction management space is hardly empty. RealPact is stepping into a field dominated by SkySlope, which claims 900,000 professionals and processes 3 million transactions annually. Dotloop, owned by Zillow Group, says it serves more than 10,000 brokerages and teams. Lone Wolf Technologies operates TransactionDesk and recently signed a multi-year partnership with a major MLS, according to a company press release.
Side, a brokerage operating system, rolled out AI document validation and offer extraction features earlier this year. MaxHome.ai, a transaction intelligence platform focused on compliance, joined the National Association of Realtors' REACH accelerator cohort in May.
Breaking through that noise will require more than slick automation.
Funding and the Broader AI Opportunity
RealPact closed what it described as an oversubscribed pre-seed round backed by Y Combinator, with participation from Leap Year Fund, Dartmouth Venture Studio, and several real estate angels, Deshmukh wrote on LinkedIn in mid-July. The Dartmouth reported in May that the company had raised $500,000 from Y Combinator and was targeting roughly $700,000 total. The company declined to disclose the final amount.
The timing aligns with a broader thesis about AI in real estate. McKinsey estimated in reports published last spring and summer that agentic AI systems automating multistep workflows could unlock between $430 billion and $550 billion in annual value across real estate, construction, and development.
Those are enormous numbers, the kind that draw both capital and skepticism in equal measure. RealPact's founders are betting they can claim a meaningful slice. The next year will reveal whether New Hampshire's early adoption signals a wider shift or remains a regional curiosity.
