Toor is a next-generation smart lockbox that can schedule an appointment with a buyer, a seller, an agent, or a broker. Considered a next-generation product and technological advancement to the real estate industry, Toor is a one-stop shop for all your real estate needs.
Toor Smart Lockbox arrives as an exterior security feature that allows you to securely place your house keys. This allows access to authorized users through a smartphone app. For instance, a buyer or an agent could request you through the smartphone app to open the box.
Toor Smart Lockbox is also especially useful if you have a regular house cleaning service, and you are away on vacation or on a business trip. You can easily grant access to the service providers and monitor updates on your smartphone from anywhere around the world.
Toor Net Worth
In 2022, the net worth of Toor Smart Lockbox is estimated to be more than $2 million.
The founder and the current chief executive officer of Toor Smart Lockbox is Junior Desinor. He was born in Texas. His parents had migrated from Haiti to Texas, hoping for a better life. Junior Desinor got the idea about Toor from the days when he was really starting to get interested in real estate.
Junior Desinor often pondered about the ease at which potential buyers could view a seller’s house without the presence of a real estate agent who would have to open the door. Thus, Junior Desinor founded his company in May 2016 after raising about $100,000 through a Kickstarter campaign. The design for the Toor Smart Lockbox has been prepared, but manufacturing has not started yet.
Toor During Shark Tank
Junior Desinor entered Shark Tank seeking $500,000 in exchange for a 10% stake in his company. This showed that Junior Desinor valued his company at $5 million. Junior Desinor was also seeking help regarding fund protection and wanted to make connections in the real estate industry that would help his company.
In his pitch, Junior narrated how he came up with the idea for Toor Smart Lockbox. He then invited Barbara Corcoran to the stage, demonstrating how Toor Smart Lockbox worked. After that, he started taking questions from the Sharks.
Kevin O’Leary expressed his curiosity about what would happen if a potential buyer does not return the key back to Toor Smart Lockbox. To this, Junior replied that the seller would be immediately alerted.
Lori Greiner stated that she would feel uncomfortable if anyone entered her house unaccompanied. Junior Desinor replied that the seller may then request the services of an agent that would accompany the potential buyer in viewing the seller’s house.
Mark Cuban and Lori Greiner exit, as the former admitted he knows little about real estate. The latter claimed that it was too early in the business for her to invest. Meanwhile, Kevin O’Leary offered $100,000 in exchange for a 10% stake in the company and $400,000 for 18% interest.
Barbara Corcoran also showed interest, stating that she would like to join Kevin O’Leary in the deal. Junior countered the offer with $250,000 in exchange for a 10% stake in the company and a $250,000 line of credit.
To this, Barbara Corcoran and Kevin O’Leary counter-offered $200,000 in exchange for a 10% stake in the business with a $300,000 line of credit contingent on a sale to a larger real-estate company. Junior Desinor accepted this counteroffer and went out of Shark Tank with a deal.
What Happened to Toor After Shark Tank Deal?
Although Junior and the two Sharks had agreed on the deal, it never really closed after Shark Tank. Though, Toor Smart Lockbox debuted in 2018 as it began to ship its products around the United States of America. The company also collaborated with Touch of Modern, showing that Junior was successful in establishing connections with other real estate companies in the industry.