Urbit Data will offer a better real estate business
Nowadays, real estate market lacks of transparency and efficiency, especially compared with publicly traded equities and debt securities. The reasons for the deficiency in transparency could be:
No standard regulations and requirements (compared to equities and bonds for example).
Very low trading frequency due to high transaction costs (10 - 20%) and to high prices in the assets.
Unstandardized valuation of properties.
And excessive steps in the bureaucratic processes.
One of the biggest problems of real estate business is the amount of information shown in many scattered online platforms. For example, if you are living in San Diego (USA) and you are looking for a property in South Africa, the search process could be complex to do by reason of: Low knowledge about how that market works; difficulties evaluating the quality of the information; mistrust with the prices founded, differences between currencies used for rental, buy or sale; variabilities in the process how to get it. This situation generates a limited agility, because research needs to offer a global vision, especially at the international level.
In the other hand, it is detected several problems related with the real estate market as that continues to be managed in an outdated manner, such as: separate listing services result in inefficient searches, large volume of offline processes using a lot of paperwork, complexity to deal with verification of the contracts and documentations.
As result of that
Urbit Data will offer you a complete ecosystem solution which includes all the parts, not contemplated so far, that need to be improved and updated now. In the image below, we explain all the processes of Urbit Data:
After reading different Urbit Data's solutions you could see some of this advantages to this revolutionary project: - Improve the access to search information of the properties around the world, all in the same platform.
- Implement a smart contract to managed with more transparent and efficient way the purchases, rentals and sales.
- Include the price valuation tool which offers a more real and equitable price through comparison of several real estate data sources.
- Increase speed, efficiency, and reliability avoiding the unnecessary paperwork.
- Reduction of transaction time, making them cheaper and safer.
- Incorporation of the Big Data software downloadable that feeds the Urbit Data database for the properties listed.
- Reward with Urbit Data Coins to the users who contribute with quality information.
Beyond other real estate solutions, Urbit Data can offer advantages that would help to transform this industry which it will allow users to experiment the benefits offered.
Finally, public ledger distributed provides trust, even more when the access is universal to anyone from anywhere. So, Urbit Data offer will provide the basis for all information related to real estate objects around the world.
The kind of information stored in the public blockchain can be for example:- Property information (address, size, rooms, cadastral code, GPS location…)
- Owner (address of the property owner).
- Price evaluations of professional appraisers or banks.
- Evaluations of tenants.
- Transactions (short- or long-term rental, sale, usage as collateral…)
As you can see, Urbit Data will bring you a lot benefits and solutions that conventional real estate transaction don’t have, because of their antiquated methods. All this makes Urbit Data the right site to change real estate market.
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