Massachusetts-based startup Final Offer announced its official launch Tuesday with its first listing in Hingham, 10 Taurasi Road.

Co-founded by top Compass Boston agent Kevin Caulfield, the software company lets sellers’ agents outline desired prices and terms, including a final offer price, letting buyers’ agents craft their clients’ offers to have a better chance of success and claims it can automate the traditional “best and final offer” process. The software also includes tools to help manage showings and notifications to bidders on a property, and also compiles listings for pre-approved buyers.

“The way homes have been bought and sold hasn’t evolved in 100 years, until now,” co-CEO Tim Quirk said in a statement. “We set out to change the way agents, sellers and buyers participate in the offer process by ensuring total transparency and certainty. Sellers get true market value with the terms that matter, buyers know their offer is being considered at face value, and agents differentiate their offering and save time. With Final Offer, everybody wins.”

Final Offer said in its announcement that it is backed by around $3 million in seed capital “raised in large part from top real estate agents in Boston, [Washington] D.C. and Florida (with a collective total sales volume of $3B+ in 2021).”

Those agents will be using the software this spring, the company said.

“As a real estate broker, I’ve seen the disappointment of a client that lost out on their dream home. I’ve also known sellers to question if they got as much for their home as they possibly could,” Caulfield said in a statement. “The ability to see offers in real-time and to set and make a “final offer” puts all parties in control. I’ve shared the platform with dozens of colleagues, and all agree that Final Offer is going to forever change how we in the real estate industry conduct business.”