Inefficiencies in Traditional Real Estate Transactions

Complexity and Time-Consuming Processes

The traditional real estate transaction process is notoriously complex and time-consuming. From the initial search for a property to the final transfer of ownership, buyers and sellers must navigate multiple intermediaries, including real estate agents, lawyers, and banks.

Each step in the process involves extensive paperwork, legal checks, and negotiations, often leading to delays and increased costs.

This complexity discourages many potential investors and can create friction in the market.

Lack of Transparency

Transparency in real estate transactions is often lacking, with critical information about property ownership, legal status, and transaction history not easily accessible.

This opacity can lead to disputes, fraud, and other legal issues, as parties involved in the transaction may not have full visibility into the property's background.

Moreover, the reliance on intermediaries and manual processes increases the chances of errors and miscommunication, further complicating transactions.