As technology develops people tend to become more forward thinkers, and those same people are the ones shaping the online real estate world. Now that developers have seen the success in online real estate practices it has become somewhat of a race to the top. So who exactly are the companies in the running? According to Yulia Kozhevnikova of Tranio.com, these 3 startups are the ones to look out for.
99.co, Singapore city property hunters: This 2014 start-up aims for convenience and efficiency in their business. They offer their consumers a search option that saves them time by analyzing their behavior and suggesting relevant properties. 99.co is an online platform for urban properties of Singapore both for sale and rent. A feature on 99.co allows potential buyers to search for a home based on distance from a particular location, a metro station, or even as far as political beliefs of a community. Since launching in 2014, 99.co has raised $2.16million from investors, and as been deemed “the fastest growing web portal in Singapore.”
Another online platform shaping the real estate market comes from Washington State. Surefield is a website that provides its consumers with 3D-virtual tours inside and outside each property. Their service, also directed towards efficiency, allows for consumers to visit any property they want in an instant. Launched in 2013, Surefield.com charges 1.5% on a sale at $500,000 for their services, which is a competitive rate compared to agent commissions.
“The Airbnb for event spaces” is the next online platform worth mentioning. Splacer is a website for consumers to rent out spaces by the hour for company events, lectures, parties, etc. Currently available in New York, Israel, and Tel Aviv Splacer allows a variety of spaces including lofts, bars, studios, garages, and museums. Splacer’s motive is to “bring together owners of unique spaces with people looking to create event experiences.” Seeing as, thus far, it is a service uncomparable to other, Splacer has received funding of $1.4million from Carmel Ventures.
Essentially, each of these start-ups’ focus is around efficiency for their consumer. The real estate market is constantly conforming to the new age of technology. Consumers seek a faster, more efficient way to gain access to the real estate market they’re interested in. I’m eager to see which of these online platforms expand to reach a greater market. To read more on these start-ups check out Adrian Bishop’s article.