What Is CProp?
This is another platform that is designed for Real Estate Agents to help make closing clients easier than ever before. As of now, the company is in Pre-ICO stages and has been featured in Entrepreneur Magazine. There is a whitepaper you can read on the website as well as an executive summary of the company.
The platform is designed entirely for people who are involved with real estate. With the main purpose of making the industry more efficient and safer than it has been in the past. If you’ve ever gone through a closing process, then you know how hard it can be to deal with the entire process. It’s a long-term system that takes a lot of time and energy. It’s a cumbersome and time consuming, energy draining action that takes a multitude of document, disclosures and other processes that need to be negotiated.
How CProp Confidential & Proprietary Real Estate Blockchain Works
The platform is said to make it easier for people to sell real estate, especially on an international level. Buying and selling internationally can be a very lengthy and expensive operation. Aspects like language barriers, distance and time changes can make everything in the process hard to handle. The closing procedure is something that can drag out and lowers the probability of the closing finishing.
The solution for the platform is to make the process easier to manage. They claim they will make the entire system automated, so the closing process is free from any voids that typically occur in a normal close. There is also the ability for multi-party collaborations now as well. And the transparency is also like no other because of the blockchain technology that makes it next to impossible to alter data. The workflow will be efficient and more functional through the use of the platform as well.
Also, with the new system – you’ll be able to document all the needed procedures automatically and get them signed by e-signatures. There is even going to be a way that you can pay for your endeavors with cryptocurrency as well.
Sellers will benefit because they will be able to reach a much larger audience than ever before. And on an international level that is much easier to manage than it had been in the past. User’s will also be able to increase buyer competition when it comes to their desire for specific properties. And, thanks to cryptocurrency – you’ll be able to make transactions secure and easily done on a remote level. This in time will reduce the time needed to close a sale and go through the closing process.
Real Estate is one of the most in-efficiently run industries and transactions often cost at least 10% more than needed because of mistakes made by the parties involved. A lot of money is lost because of the lack of efficiency that the market has and CProp is looking to change that, so the industry can operate on an entirely different level then before.
The major problems in the industry are a lack of transparency, too much paperwork, fraud and general errors made through the process of closing. Logistics are a common problem as well as having a standard that is respected across the industry.
It usually takes too long to close a sale because of all the minute details that are overlooked. And when it comes to sales, time is crucial and the faster a sale can be closed the higher the closing rate will be. There are also proximity issues that have to do with the buyer and seller needing to be in the same physical location. But CProp is going to attempt to change that, making selling real estate easy on a global scale.
Also, they want to give buyers a place that they know is safe internationally. So they can buy and sell property all over the world without worry. And with the use of cryptocurrency, it’s said to be easier to make international deals and payments with tokens rather than fiat.
CProp ICO Conclusion
If you’re into real estate, want to sell internationally and do it without worry – Cprop could be a great platform for you to check out.