When you think about the process of buying a house in the Philippines, what comes to mind first?

Do you think about the great opportunities in the industry? 

Or are you perhaps gearing yourself for the many frustrations to come?

The Philippine real estate market has always had its weaknesses. Time, patience and money are often eaten up by long processes and disorganized piles of paperwork. Compounded with laws that can change year to year, and you have a seemingly never ending series of headaches.  

But the advancing nature of the Proptech Industry may soon change that. 

Goodbye

Proptech stands for Property Technology. It’s the next stage of an industry that was previously very manual and cash-based. 

So think of how services like Grab transformed how efficient transportation and food delivery could be arranged. The same is starting to happen with Philippine real estate companies like RealHolmes Property Inc. 

The largely cash-based and paper-centered industry can now be transformed into a digital currency-based and digitally-automated industry with a client-first approach. Digital transactions and official documents can be preserved without issue. Payments between purchasers and sellers can be done online in the span of less than a day. 

If you’re wondering whether these transactions have to be done with a number of different online services, the answer is no. Automated real estate processes can be fully accomplished in just one online venue. 

Proptech-based firms like RealHolmes Property Inc. offer such services. They only require users to upload a digital copy of their IDs and signatures for verification. Once verified, users can now transact with their digital currency and automatically generate legal documents with all their correct information. 

RealHolmes particularly emphasizes how it maintains a platform where buyers, owners, sellers and developers can seamlessly transact together. Buyers can check the availability of listings and book their desired listings within minutes. 

Assuming the real estate Philippines list of legal laws gets changed, proptech venues will move to adapt accordingly, with documents that reflect these changes. So sellers, owners and buyers no longer need to guess what is actually required of them. These real estate online systems will provide them the end-to-end management that they need. 

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