Growth is the only constant thing on earth. The growth and development of the real estate industry are seeing a boom in recent times. Most noticeably is the introduction of decentralized platforms and tools in conducting real estate deals. With no complications and a fairly transparent means of carrying out the agreements and contacts associated with real estate, the numerous advantages of decentralization are ever expanding.
The Concept of Decentralize Real Estate
The main idea of decentralize real estate industry is to connect the property owners to the property seekers directly. This will in effect remove all the complication that comes with the middlemen.
The removal of the power from the middlemen and placing it directly in the hands of the property seekers and property owners is what decentralization is basically about.
This is made possible through technological advancements and internet connectivity of people.
Advantages of Decentralize Real Estate
Security: These decentralized platforms are safer and more reliable to use for its users
Transparency: There is no hidden or funny business encountered as the transaction is strictly between the property owner and the property seeker
No middleman cost: The cost for an agent is automatically removed. The property seekers do not have to worry on agreement and commission mostly required by the linking agent between the property seekers and the property owners.
Direct access: These decentralized platforms are leveraging on the access between the property owners and the property seekers to remove the middlemen.
The difficulty in managing contracts, expensive cost of the agent, low-level efficiency of traditional real estate agencies, etc. all part of the problems the decentralization hopes to solve.