Website lets couples cash in on canceled weddings - MyFoxAustin.com | KTBC Fox 7 | News, Weather, Sports

Website lets couples cash in on canceled weddings

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Planning to get married? A new website offers almost everything you need for a wedding including flowers, food, music and venue at a major discount.

When Roy Austin moved to the Capitol city, he wasn't looking for a committed relationship.

"I found one the first month I was here," said Austin.

It was Krystle Gutierrez's first UT tailgate.

"I ended up running into him the following week and he asked me out on a date…and we've been together ever since," Gutierrez said, "I had a plan in my mind, I meet the guy, I get engaged after a year, engaged for a year, get married, you know, that kind of plan and he totally did the opposite."

Austin said, "So, she's driving the boat…...we're probably about 300 yards away now. She looks right at the sign and I just see the look of realization on her face."

Krystle added, "Then I turned around and he was on one knee and I can't even remember what he said…it was a blur."

It took six years, but now, it's time to plan the wedding.

"I have no idea where to start and thinking about it these last couple weeks just stresses me out," Krystle admitted.

According to bridal consultants, weddings in the U.S., cost about $27,000.

Gutierrez said, "He said, we need to create a budget. You need to have a budget and I hate talking finances. I just hate it."

"There has to be a better way to make it more affordable for everyone, and that's why I'm in this," Jeff Smidt, with Bridalbrokerage.com, said.

You can buy a canceled wedding from Jeff Smidt at a major discount through bridalbrokerage.com.

Smidt said, "We're always looking to get the most money for our sellers, really to relieve them of that financial burden...we never want a woman to walk down the aisle just because her dad spent $30,000 on it, if she really doesn't want to get married.

More than 250,000 weddings are called off each year, according to industry experts.

Smidt added, "We work with sellers to find new couples to really take over those contracts and get a little bit of the money back to the sellers because otherwise, they're just losing a ton of money on deposits."

Bridalbrokerage.com has only been around since June, and already has more than 1,500 couples looking to buy.

"The buyer benefits because they're getting this beautiful pre-planned wedding at a fraction of the cost and actually, the wedding vendor ends up benefiting as well because they may have interrupted revenue otherwise," said Smidt.

How much you can save depends on location, the amount of time leading up to the ceremony and the number of people bidding on the same wedding.

Smidt explained, "So let's say somebody has a $10,000 deposit down, well maybe there's an opportunity for a buyer to come in and split that $10,000 with the seller... that's a $5,000 savings and that could be just for the venue when you start putting together the pieces of the caterer, the florist, the entertainment and the photographer, it can really add up."

"It just sounds like a good deal. It's just pricing everything here lately, it's just really expensive," Krystle said.

Austin added, "I like the idea of a deal and if it can save us a little bit of money, why not?"

The idea is to alleviate some of the pressures associated with the most expensive party you'll ever host.

Smidt said, "If we can save even a few marriages or prevent a few bad marriages from happening, I think we've done our job."

"I'll definitely be the first to admit I was not ready for what I thought I was ready for and you know, I've come a long way maturity wise…there was definitely some pressure to do it two years ago, three years ago, but Krystle will agree that we really, really did it right," said Austin.

Gutierrez said, "I'm glad that we waited."

Canceled wedding or not, these two lovebirds are tying the knot next March.

Currently, bridalbrokerage.com has five weddings available to buy.

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