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Post on 13-Apr-2017
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‘Transaction Facilitators for Private Residential Sales’
www.eEstate.co
PROBLEMAgents diminishing relevance in the sales process which doesn’t justify commissions.
$290,400.00avg. property sale (May, 2016)
5.25 million property transactions (2015)$1,524,600,000,000
U.S. property market
4.83 million realtor transactions @ 6% commission
$84,157,920,000 agent earnings
Eliminate agents from the transaction process and replace all attributes online
SOLUTION
• Provide the marketing and advertising channels
• They justify partnerships by value add for the clients
• Automated transaction facilitator• Navigates and coordinates
processes• Electronic offers and contractual
binding• Settlement and title services
connected
HOW IT WORKS
FINDBuyers find the property listing after viewings
with owner.
OFFEROffers are submitted online and formalized
with e-contracts
SEALeEsate coordinate the legalities and
stages until settlement
Buyer Seller
Sales flat fee of $990 upon successful sale
Transaction fee when submitting deposits: $199
MONETIZATION
Licencing fee for technology • Subsidised through
inclusion in they’re listing packages
DIRECT
COMPETITORS INTERNATIONAL
U.S
FORWARD FOCUS Replacing every aspect of the real estate transaction process through partnership and integration
STRATEGY
Leverage into market through
FSBO partnerships
and
Prospecting Owners
for our customer acquisition
FSBO market 420,000 Transactions
2015 savings: $7,318080,000 in commission
TRAJECTORY
Brick and mortar will be disrupted. New mainstream agency will be FSBO
82.5% of real estate will be automated in 20 years (PWC Report) FSBO agencies will link into a central platform to facilitate they’re
clients needs eEstate meets the need for home owners not wanting to pay
unnecessary commission
INDUSTRY EVOLUTION
TEAM
Alex Bourne Founder of eEstate Business and Law Student 4 years of industry experience
Jerry ThibaultAdvisor Commercial Agent Brokering since 1988 (28 yrs.)
Current – December: • beta testing to refine concept and acquire users • building industry partnerships – vertical integration • investigation of other applicable markets to enter• partner with FSBO platforms as the ‘centralised’ platform• on-board advisors and team members (technical, full stack,
marketer) raise seed funds from angel investors
TIMELINE
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