Houzeo Real Estate Aims to Improve the Process of Buying a House
Ellen Smith — May 17, 2017 — Business
References: houzeo & techcrunch
Houzeo real estate is aiming to simplify the process of buying a home by digitizing it. With apps and smart technology simplifying nearly every aspect of our lives, one company noticed that buying or selling a house -- potentially the most stressful and tedious life event -- has remained unchanged for years, still requiring middlemen, phone calls, personal visits, faxes and manual paperwork.
Houzeo aims to simplify this complicated, antiqued system by breaking down the process into a set of linear steps, and digitizing much of what has to be done: marketing a property, pricing a home, filling out federal and state disclosures, finding an attorney or escrow company, comparing offers and closing out the transaction.
The familiarity and ease of digitization will benefit Millennials who will be purchasing property in the upcoming years.
Houzeo aims to simplify this complicated, antiqued system by breaking down the process into a set of linear steps, and digitizing much of what has to be done: marketing a property, pricing a home, filling out federal and state disclosures, finding an attorney or escrow company, comparing offers and closing out the transaction.
The familiarity and ease of digitization will benefit Millennials who will be purchasing property in the upcoming years.
Trend Themes
1. Simplified-home-buying-process - Opportunity for startups to develop platforms that digitize and simplify the home buying process, eliminating the need for middlemen and streamlining transactions.
2. Mobile-apps-for-real-estate - Potential for the development of mobile apps that offer features like property marketing, offer comparisons, and document filling for real estate transactions.
3. Smart-technology-in-real-estate - Disruptive potential for smart technology to automate tasks like pricing homes, finding attorneys or escrow companies, and closing out real estate transactions.
Industry Implications
1. Real-estate - Opportunity for real estate companies to incorporate digital tools and streamline the home buying process, improving customer experience and increasing efficiency.
2. Technology - Potential for tech companies to develop innovative solutions like mobile apps and smart home devices that simplify and enhance the home buying process.
3. Legal-services - Opportunity for legal service providers to develop digital platforms that simplify document filling, offer comparisons, and streamline the legal aspects of home buying transactions.
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