The Smar art Prope perty ty Transac nsactio ion Founde ders - - PDF document

The Smar art Prope perty ty Transac nsactio ion

Founde ders

Rober ert Hoban BA Law aw

CEO

Philip ilip Farrell ll FSCSI SI

CCO CCO

Former Director, Bidx1, online property auction technology. Former Director & Senior Auctioneer, Allsop Ireland. 6,000 properties auctioned / €1 billion in property sales. 16 years’ industry experience. Formerly, Savills Country Homes. Former CEO of Real Estate Alliance, the largest nationwide group

• f chartered surveyors in Ireland.

Media commentator with 30 years’ experience in the estate agency sector. Advisor to several industry bodies and networks.

Nial all l Daws wson BSc

CTO

Former Head of T echnology and co-founder at Xsellco. Over 20 years’ experience designing and building tech solutions in a variety of sectors including pharmaceutical, defence, recruitment and sport. Xsellco placed 1st in the Deloitte T echnology Fast 50, Ireland's best known technology growth index.

Exis istin ting proper erty y sales es proces cess:

‘Launch’ ‘Completion’

7-12

months

fast | | transparent nt | | reduce uced costs | | 24/7 7 real-time updates | | onli line ne legals ls | | end-to to-end nd | | enha hance nced MI

3

months

no transp nsparency ncy | no vetting ing | faile led sales | cont ntract ct dela lays | telep lepho hone ne tag | 100% % manua ual l | dela layed fees

The chall llenge ge

‘Completion’ ‘Launch’

The e way y it should ld be:

Platform for Agents End-to-end Process Property Marketing White Label Widget Online Private Treaty Process Online Auction Process Pre-Qualified Buyers Viewings Booking Facility Legal Documents Vault Online Due Diligence Online Contract Signing Real Time Dashboards Portfolio Management

The solutio ion

Pre- Marke keting ting

Complet letio ion

Property Portals Auction

• n

Platforms rms Online Agents

Seller er Buyer’s Solicit icitor

How it works

Buyer yer Seller’s Solicit icitor Build ildin ing Surveyor eyor Ener ergy y Assessor Insuran ance ce Provid vider er Buyer’s Lend nder er Ban ank k Valu luer er Seller’s Ban ank Esta tate Agent ent

Super Adminis inistrator

€

The widget

See offer ers in real l time Keep ep track ck of deadline dlines Place ce offer ers s securely ely Confir firm m offer er condit itio ions Uplo load ad proof of funds Book k viewin ings Down wnlo load contracts cts & title

Book a viewing Review legal documen ments Submi bmit an offer

Latest offer

Trans nspar parenc ncy, speed, , comp mpli lianc ance

See all offer ers in real l time me. . Introduc duce e offer er deadlin lines. s.

Offer transpar sparency Speed & flexi xibi bility of sale method

• d

Instant ant Alerts

Notifica ificatio ion of all l new offer ers, , viewin wings, s, docu cumen ents, s, exchange ges, s, comp mplet letio ions

Client nt dashbo boar ards ds

Real l time e record d of all l offer ers and activity ivity, , 24/7 on mobile ile or deskt ktop

142 12 6 2 10 4 2

Seller

25 Verschoyle Park, Dublin 24

6 2

Buyer

25 Verschoyle Park, Dublin 24

8

Onlin line Priva ivate te Trea eaty ty

Fast st, flexible le sale compl pletio ion

Switch ch betwe ween en Priva ivate e Trea eaty, , Auction ction or Tende der, , mid-proces cess, , with th a single le tap ap

Digital Contra racts Sign gned d in Seconds ds

Agen ent Comme mmercia cial Onlin line Auct ctio ion Onlin line Tender er Resid ident entia ial Onlin line Priva ivate te Trea eaty ty Onlin line Auction ction

Encrypt ypted ed conveyance veyance room

Innova vativ ive e technolo logy y seamles lessly ly connects ects both th solicit citors

Track ck all legal l docs cs in the Docum ument nt Vault Track ck all downlo nload activity ivity by prospective tive buye yers Track ck all key y communic unicatio tions ns

3 3

Dashboar boards s provi viding ing real l time Manage agement ment Informat mation ion (MI)

Dashboard Reporting ting

Live, real-time updates on interest levels, offers, completions and cash collections

Tran ansparent ent

Record of all registered offers and bidders across the entire portfolio

Reduction…

…of average time to completion by over 50%

Forecasts ecasts

Accurate reporting and forecasting of exchanges and cash collections

Onlin line legal al docu cument ments

Live tracking of legal document activity across the portfolio

Onlin line excha hange nge and conve veya yance ce

Instant signed contracts using DocuSign and single click sharing

• f queries and replies

Risk k man anage agement ment

Cross portfolio tracking of buyers with AML and proof of funds compliance

Powerfu ful l tool for asset manage agement ment client nts

Next xt gener eratio ion Manage gement ment Informa matio ion (MI)

Speed of complet etion Quick cker er fee e paymen ent Happy clien ent

Valu lue propos

• sit

ition ion

Staff f Costs Overhea eads Rate e of fall l through Speed of complet etion Quick cker er fee e paymen ent Happy clien ent Execu cutio ion risk Costly ly delays Frustrat atio ion Compet etit itiv ive e bidding Maximum sale e price e Transparen ency cy Trust Communica icatio ion Amount of chasing by estat ate e agent and clien ent End-to to-en end Live data Control Speed Real l time e MI Delay ays s Frustrat atio ion Costs Managemen ent platfo form Live e data Conven enien ience ce Control Live e updates Time to draw down Rate e of fall l through Customer mer experie ience ce Conver ersion sion rate Live data Connec ectivit ity API feed

Buyer Estate Agent nt Soli lici citor Bank Sell ller