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Brief Published: 1 Aug 2016

Haus: The Future of Home Buying

Extra
Online real estate marketplace Haus will change the way people buy and sell residential property

San Francisco-based start-up accelerator Expa Studios has launched a digital platform that is set to change the way people buy and sell residential property.

Unveiled on July 28, online real estate marketplace Haus improves transparency and efficiency in the property sale negotiation process by allowing the buyer, seller and agent to view different aspects of each offer.

Using the platform, a potential buyer or agent can post an offer, amend it and see others that have been made on the same property. “Collecting offers and presenting them is a very manual process,” Garrett Camp, Uber co-founder and Expa Studios chief executive, told TechCrunch. “It just seems much more efficient for agents to use a platform to coordinate all of this information automatically.”

There are many start-ups that focus on the discovery of properties for sale, but Haus differs from these as it lets users make and accept official offers online. Potential issues are also anonymously displayed on the site, including financial security of the buyer, extra terms of the deal and amount of cash available up front. 

While the platform could drive up the price of houses or lead to bidding wars, ultimately the transparency of the process will create a more efficient market, with the price and number of offers depending on demand – according to Haus general manager Sarah Ham.

For more on how connectivity boosts marketplace efficiency and the business models changing the way people trade, see The Streamlined Self: DLD 2016 and Digital Life Pulse: Lift 2016

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