November 8 2024 14:35
A residential property proptech platform called Bond Nest has launched.
The group wants to connect buyers, sellers, agents and banks. There are numerous groups trying to compete in this space already. The platform called Hoom which connects sellers and estate agents which was launched earlier this year stands out as a leader in its field.
In an industry marked by rapid change and growing demands, the South African property market stands on the edge of a significant transformation. With economic uncertainties on the rise, real estate agents face unprecedented challenges, now tasked with finding innovative ways to secure stable incomes while also navigating the complexities of the modern homebuyer’s needs.
“The future of real estate hinges on the ability to innovate and adapt. Agents who can leverage superior expertise and secure better financial outcomes for their clients and themselves will not only survive but thrive,” says Andrew Topper, CEO of Bond Nest.
This buyer-realtor online platform is supported by IT group SLS.
“As agents strive to meet these demands, the traditional commission-based model is being questioned, and new avenues for income diversification are being explored. Along with the realtor struggle, the call for a more personalised and efficient home loan process has never been louder. Buyers are in turn coming up against all odds, increasingly seeking financial solutions that fit their unique circumstances, pushing the real estate industry to adapt and evolve,” says Topper.
The platform serves as a “certified, fully committed initiation programme that empowers South African agents with the tools to earn a percentage-based income, independently,” he says.
Traditionally, homebuyers faced two main pathways when seeking a home loan: approaching banks directly or using bond originators. Both provided support in navigating the complex paperwork involved in securing a home loan, however, the process was standardised and impersonal, without an authentic needs analysis for each unique buyer.
For homebuyers, Bond Nest is a platform designed to put home seekers in touch with competitive financial approval institutions. The role of the platform is to facilitate and streamline the home loan process effectively, ensuring a better outcome for both agents and homebuyers.
“Often, homebuyers don’t know where to start with finance approval, and agents typically remove themselves from this process. We want to bridge this gap, and help enhance the joy of empowered buying, and selling for everyone’s pocket,” says topper.
alistair@propertyflash.co.za
