The real estate sector is marred by opaque deals. This is set to change with the help of ShelterZoom which is now offering buyers as well as sellers and other stakeholders with a blockchain-based online platform for real estate. It also has a mobile application which directly enables the buyers or their real estate agents to submit a bid for the real estate listing. Thus, the buyers, as well as sellers, would be able to directly get a transparent offer. Since it has a mobile app as well, the buyer can instantly accept the offer or reject it as well.
Currently, the process of submitting an offer is pretty tedious, and it is not very transparent. Most of the real estate agents do not disclose to the prospective seller the opinion of their buyer. Moreover, there is a lot of paperwork involved as well. With the help of ShelterZoom, all of this is entirely eliminated. With the help of a single click, all the stakeholders would be able to know about the status of the offer as well. Also, it enables the buyers and sellers to chat instantly as well. This ensures that the buyers and the sellers are able to communicate directly without any lengthy and tedious process.
The platform is based on the Ethereum blockchain technology. This ensures that even with the increased amount of load, the platform would work without any breakdown. According to the co-founder, Amir Allen Alishahi, it would provide the buyers as well as the sellers with the e-commerce -like experience which would ensure that they are able to facilitate the transaction quite easily. It would also enable multiple listing service organizations as well in order to post the listings on behalf of their clients and to deal with the prospective buyers as well.
This would ensure that right from submitting the offer to negotiation, the entire process is done on the online platform which would help the buyers as well as sellers to conduct a transaction quickly and conclude the deal as well with completely transparent procedures. This is one of the main advantages of this platform.
With the increased level of transparency, this platform could flourish in the real estate industry as the buyers and sellers would be able to communicate directly and the deals would potentially be done quickly.