SellAnyHome.com: UAE's real estate stock market
Sellanyhome is set to revolutionise UAE property market. Sellanyhome.com intends to revolutionise the way properties are bought and sold in the UAE and turn the property market into more of a stock market.
It plans to help avoid the endless viewings, time-wasters and over-promising, under-delivering. Their evaluation model covers 100 points, from checking every door and tap to the air conditioning, with pictures taken inside and out, and even from inside-out so investors can see the view from every room.
They do this because would-be buyers will never step foot inside the property. Sellanyhome.com is a consumer-to-business model and don’t entertain mortgage buyers.
It aims to brings a high deal flow and transparent evaluations to investors. Investors get notified when a property fitting their needs is about to come online and they can login and put in their offer. The fact that the investors work is done for them is, of course, very compelling. They get to know if their offer was accepted, or not, in real time.
Investors, tend to know what they are willing to pay based on square footage and location plus building type and view and it is a purchase made “without the emotional element” of buying a family home. Sellanyhome.com premise is to use technology to replace every other thing except feelings.
Commission is set at 1 per cent, as opposed to the “market standard” 2 per cent – a saving of Dh13,000 in fees on, for example, a one-bedroom, 780 square feet Dubai Marina apartment selling for Dh1.3 million
The main benefit for the seller is to keep strangers out of their home, he says. Once an offer is accepted, the normal sales process kicks in to pay off any mortgage, generate all necessary no objection letters and transfer the property registration, “hand held” by Sellanyhome.com.
It should also accelerate a sales process often dragged down by “unrealistic” price expectations on the part of estate agents and sellers.
Whether Sellanyhome.com becomes the Nasdaq of property in a few years’ time remains to be seen.
Source: The National
They do this because would-be buyers will never step foot inside the property. Sellanyhome.com is a consumer-to-business model and don’t entertain mortgage buyers.
It aims to brings a high deal flow and transparent evaluations to investors. Investors get notified when a property fitting their needs is about to come online and they can login and put in their offer. The fact that the investors work is done for them is, of course, very compelling. They get to know if their offer was accepted, or not, in real time.
Investors, tend to know what they are willing to pay based on square footage and location plus building type and view and it is a purchase made “without the emotional element” of buying a family home. Sellanyhome.com premise is to use technology to replace every other thing except feelings.
Commission is set at 1 per cent, as opposed to the “market standard” 2 per cent – a saving of Dh13,000 in fees on, for example, a one-bedroom, 780 square feet Dubai Marina apartment selling for Dh1.3 million
The main benefit for the seller is to keep strangers out of their home, he says. Once an offer is accepted, the normal sales process kicks in to pay off any mortgage, generate all necessary no objection letters and transfer the property registration, “hand held” by Sellanyhome.com.
It should also accelerate a sales process often dragged down by “unrealistic” price expectations on the part of estate agents and sellers.
Whether Sellanyhome.com becomes the Nasdaq of property in a few years’ time remains to be seen.
Source: The National
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