realestateco.in (OP)
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August 09, 2017, 07:54:52 PM
Last edit: August 09, 2017, 08:06:21 PM by realestateco.in |
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“This token will take real estate straight into the 21st century; RealEstateCo.in will enable the world’s most accurate and powerful blockchain platform that will empower buyers and sellers to make more sophisticated decisions at the time of buying or renting a property with data collection, worldwide comparables, statistics, and analytics. Aside from being a token that will allow its users to pay their real estate taxes, cancel a line of credit or pay their mortgage, RealEstateCo.in will speed up and facilitate all domestic and international transactions, eliminate paperwork, reduce costs, stamp out fraud, democratize the buying process while discouraging real estate bubbles with worldwide electronic appraisals, reemphasize equity, but most importantly, it ensures that real estate remains a digital liquid asset. Look at it as the first token for all purposes involving real estate".
Introduction
Pain Overview
Real Estate has ancestrally been among the safest investments known by mankind. Among the first investment aspirations that a person has in life, is the desire and dream of owning one’s own home. This simple declaration is well supported by the fact that in 2016 the majority of all reports state that the value of all the global property, including commercial, residential, forestry and agricultural land, came to approximately US$215 trillion. Consequentially, residential property only made up about seventy five percent of that total value. To put this figure into context, the total value of all the gold mined by 2016 is approximately US$6 trillion. This sum pales in comparison to the total value of all developed property by a factor of 36 to 1. As of July 2016, the total value of all cryptocurrencies has only reached US$100 billion. Technically, that leaves the real estate industry at 36 to less than 0.060%, if compared to the actual cryptocurrency industry.
Clearly, the global Real Estate industry keeps growing rapidly, generating several many trillions of dollars in revenue year after year. Tangible pains to keep in mind are [1] Real Estate Buyers and Renters do not have a one-stop source that will allow them to make informed decisions. Every country has a different system of how to find properties for sale or rent. Some have multiple listing services while others rely solely on local newspapers but most rely on Google. Frankly, searching for real estate on the internet can be a daunting process. [2] Real Estate sales transactions still take anywhere from 6 weeks to half a year for completion, depending on where a property is being sold in the world; [3] properties are being priced and rented using hundreds of different types of worldwide currencies. [4]
There are no accurate and real worldwide comparable systems for properties at different points of the planet; Finally, as if the aforementioned were not enough, [5] we have thousands of different properties all around the globe measured in same square feet/meters, but at absolutely different values when everyone is buying and renting the same thing: Real Estate! This doesn’t allow us to understand what is economically viable, or potentially expensive due to the huge amounts of confusing information. Why are we not able to compare apples to apples in 2017, with all the technology that we have at hand? The old phrase, “location, location, location” is not as mathematical as real estate agents really think it is, when for example there are a few cities around the world that are quite more expensive than renting or buying properties in Chicago, Manhattan, the Silicon Valley, Miami or Hollywood. Are the most expensive cities the safest ones on Earth? Are their economies stronger? Is their inflation the lowest on Earth? Is their labor-market the healthiest? Is their local language the most popular one? Do more people want visas to reside in these countries as opposed to the US cities that were mentioned? These questions could go on and on, nothing personally against any one of these cities in particular, but frankly, Global Real Estate in general needs a clear fix! This is why RealEstateCo.in’s platform, sooner than later, will prove to be an effective mechanism that will allow real estate buyers and renters to make an informed decision before they make any more expensive transactions. The token’s adoption and its data-collection platform, of course, will depend on how this entire endeavor is road mapped, marketed and executed. The team at RealEstateCo.in has a clear plan to embark this token on a successful journey.
World Real Estate Statistics
* Global real estate assets comprise nearly 60% of the value of all global assets, including equities, bonds and gold.
* Three-quarters of global real estate value is residential, 13% commercial and 12% agricultural.
* About 1% of global real estate assets trade each year in big ticket deals. That equates to $2.15 trillion in market capitalization.
* Long-term global investment prospects are governed by population growth and the resulting demand for housing.
* The value of the global property by the end of 2016 amounted to approximately 2.7 times the world’s GDP, making up roughly 60% of mainstream global assets and representing an important store of national, corporate and individual wealth. Residential property accounted for 75% of the total value of the global property. (1)
Enter RealEstateCo.in
RealEstateCo.in is internet’s first decentralized, peer to peer, digital token running as a smart contract on Ethereum’s platform which enables users to easily send money online for real estate purposes in order to buy or rent property. The more the token is adopted and used, the better the data collected becomes to inform future buyers and sellers with comparables, appraisals, statistics, and analytics. Think of it as "Internet’s first digital token for all real estate transactions possible."
Using RealEstateCo.in’s token will immediately make real estate evolve from the ancestral stage in which it stands today to the 21st century. By utilizing RealEstateCo.in, its users will help build a real estate database that will assist buyers and renters worldwide to make informed decisions with world comparables, data collection, statistics, and analytics.
RealEstateCo.in will also reduce time and costs, limit risk, stamp out fraud, speed up all real estate transactions, build an even safer process, democratize real estate investing while staying compliant with all governmental agencies, increase financial privacy, internationalize digital purchasing, discourage real estate bubbles with world electronic and appraised transactions which will be recorded on RealEstateCo.in’s blockchain, reemphasize equity, but most importantly, make real estate a liquid asset which will make properties in general easier to buy, rent and sell.”
RealEstateCo.in will decrease the costs and time required to transfer value and will increase reliability and transparency. The lower costs of transferring value will be a great incentive to both buyers and sellers. Faster transaction-speed is also an enormous advantage of using RealEstateCo.in, which will also facilitate the reduction of time involved in a real estate transaction because of the token’s cryptographic nature. With RealEstateCo.in, transactions can be held even over a weekend or at night time if a buyer, a seller or even both parties are in a totally different time zone anywhere on earth wanting to close a deal even on a Saturday or a Sunday!
According to most experts, the ultimate milestone in any cryptocurrencies journey is a token's world domination. But given that in over 5,000 years no single token, currency or form of value has ever dominated the entire planet, it will be very unlikely that any cryptocurrency ever will achieve this milestone, and that is why RealEstateCo.in simply seeks to focus its insertion within the global real estate industry.
Mission
The main objectives of RealEstateCo.in are:
In the first place, RealEstateCo.in’s goal is that all of its users utilize the token for real estate involved transactions. Now, for research and data-collection purposes, the token’s use will feed a platform with appraised values, statistics, comparables and analytics that will allow buyers and renters to make better informed real estate decisions. For buying purposes, it’s a matter of time that digital currencies will take-over above all fiat or paper forms of payment (i.e. IOU’s, checks, notes, etc.) to a new world where only digital transactions will be the norm. Nothing is forever, and even the U.S. dollar, debit or credit cards may not survive the rise of newer, better and more effective digital assets as well as other forms of payment, and that’s why RealEstateCo.in may have a promising future in this market. The US dollar in the United States has seen a huge decrease in its daily use with the appearance of debit and credit cards. The cryptocurrency might end up being Fiat's deadly knock-out but only time will tell. This real estate token’s main objective is to create a decentralized platform which will be uncensorable, fair and easy to use within the global real estate industry. This real estate’s token pretends to become the "leading token that will feed all real estate buyers and renters with technical information every time the realestateco.in -a digital formatted currency- is used. Today it may be too early for this token’s insertion, but once the time comes and the real estate industry is ready to evolve and to adapt to this token, RealEstateCo.in will be prepared and well-positioned to take-over as a rock-solid real estate transaction mechanism. As for its adoption, the more this token is utilized, the more it will empower the platform and increase the token’s buying and spending power, which will allow its holders to buy real estate more easily and effectively: With every new user, the price of RealEstateCo.in will strengthen. For payment purposes, its holders will determine the way in which RealEstateCo.in can and will be utilized. Lastly, the adoption of a blockchain platform in order to purchase real estate should allow buyers and sellers to avoid the high costs of several middlemen, which are commonly added into any bureaucratic real estate buying/renting-process. This is true about all central banks at a worldwide level, the private banks that Central banks regulate in general, appraisers, mortgage lenders, title companies, notaries, lawyers, CPA's and real estate agents as well.
This said, once RealEstateCo.in establishes itself as the first and only real estate token which people can adopt as the token "to buy land or residential and commercial real property at a worldwide level", this will skyrocket the value of the token in an exponential and geometrical manner. As for its investment purpose, RealEstateCo.in's goal is that real estate buyers of all calibers will fund this token for the sole purpose of later exchanging their tokens by purchasing real estate globally.
To know more Visit: RealEstateCo.in
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