This App Reduces Reliance On Brokers In the Real Estate Marketplace
Rahul Kalvapalle — August 19, 2016 — Tech
References: itunes.apple & todayonline
A brand new smartphone app called OhMyHome is looking to well and truly shake up the real estate marketplace in Singapore by making it easier than ever for all the primary parties involved in housing and tenancy matters -- landlords, tenants, property sellers and prospective property buyers -- to deal with one another directly without having to go through real estate brokers.
What's great about this real estate marketplace app is the fact that it still allows users to bring in an agent's services in the event that there are services or processes that they can't handle themselves. The price paid for these agents' services are still significantly less than the commission that would typically be paid to a conventional broker.
Ultimately, the OhMyHome app is poised to streamline the real estate marketplace by complementing existing real estate brokers' services and offering a competitive alternative.
What's great about this real estate marketplace app is the fact that it still allows users to bring in an agent's services in the event that there are services or processes that they can't handle themselves. The price paid for these agents' services are still significantly less than the commission that would typically be paid to a conventional broker.
Ultimately, the OhMyHome app is poised to streamline the real estate marketplace by complementing existing real estate brokers' services and offering a competitive alternative.
Trend Themes
1. Direct-dealing Real Estate - The OhMyHome app enables direct interactions between landlords, tenants, property sellers, and buyers, reducing reliance on real estate brokers.
2. Agent-assisted Solutions - The app allows users to bring in agents for certain services, providing a cost-effective alternative to traditional brokers.
3. Streamlined Real Estate Marketplace - OhMyHome aims to streamline the real estate market by offering a competitive alternative to traditional brokers while complementing their services.
Industry Implications
1. Real Estate - The OhMyHome app disrupts the traditional real estate brokerage model by facilitating direct interactions and reducing reliance on brokers.
2. Property Technology - The app is a disruptive innovation within the prop tech industry, providing a streamlined solution for housing and tenancy matters.
3. Mobile Applications - OhMyHome revolutionizes the real estate industry through its innovative mobile app, enabling direct dealings and agent-assisted solutions.
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