NEW REAL ESTATE PLATFORM LETS YOU BYPASS THE AGENT

Written on the 1 December 2016

NEW REAL ESTATE PLATFORM LETS YOU BYPASS THE AGENT

THERE'S a new player in the digital economy that allows you to buy a house online without the need for human contact.

Sydney-based property portal iBuyNew (ASX:IBN) has launched an online reservation system for new home buyers to reserve their preferred properties 24/7 rather than waiting for a real estate agent.

Buyers can view full price lists, floor plans and related property documents, and then lock it in by supplying purchaser, solicitor and deposit payment details.

Founder and CEO Mark Mendel says the 'revolutionary' system makes the experience more transparent for Australian consumers.

"We are always looking for ways to make the process of purchasing new property easier for prospective buyers," Mendel says.

"To be honest, we can't even find anyone globally who has deployed this technology before like the way we have."

Not only does the online reservation system offer convenience, Mendel says it also opens up global potential for iBuyNew.

"This system means buyers no longer have to wait for a real estate office to be open in order to put down a deposit on a new property," he says.

"We have developed this online reservations system from scratch, and the beauty is that it allows a buyer to reserve their desired property in a matter of minutes at any time of day from anywhere in the world.

"Even a foreign investor in China can simply log on to the reservations system on our website and secure a property in Australia."

He says users will also be able to access many first release and pre-public release projects before they become available.

Disruptive Investment Group recently rebranded to iBuyNew after announcing plans to acquire the remaining 50 per cent stake of the business for $5.9 million in March.

The platform has sold more than $500 million worth of property, with thousands of listings across more than 190 developments in Sydney, Melbourne and Brisbane.

Last month, iBuyNew acquired advisory business Nyko Property for $875,000 to provide buyers with research and information to make informed purchasing decisions.

"iBuyNew is committed to using technology to reshape the new property buying experience, making it fairer, more efficient and more transparent," Mendel says.

"Our plan is to become the number one destination for new property buyers in Australia."

 

 

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