Alt.Estate Group presents this awesome project which offers a new solution for real estate tokenization. Through this promising platform, an investor can purchase a fraction of property in form of share or unit, earn income from such unit and ultimately dispose his/her unit or share at a better price thereby providing solution to the major problems faced by traditional real estate investment due to: High threshold for entry , Lack of liquidity, Slow and complicated process of ownership transfer, Lack of price transparency, Risks of fraud, High transaction costs and Complications of cross-border transactions.
Alt.Estate adopts the blockchain technology with a view to achieving Decentralization, Faster Transactions, Lower Costs, Liquidity, Tokenization and Transparency, where:
• Real estate market shall become peer-to-peer, there shall be a smooth transition from a centralised system to a decentralised one therefore mitigating implementation risk factors.
• Third-party brokers, lawyers and banks, through Alt.Estate Protocol, will be eliminated either by adding them to the network or assuming their functions such as listings, document flow and payments.
• Overhead costs for exchanging assets (up to 30% of property price) and third-party intermediaries will be eliminated to greatly reduce transaction fees and Alt.Estate trading fee is just 2% (a reduction of up to 15-fold compared to a traditional real estate transaction), which can be further reduced as the network grows.
• Access to both fiat and cryptocurrency investors by real estate owners without traditional cross-country boundaries will be enhanced. This will highly speed up the property sales process and Property-specific token holders can trade them in the secondary market within the Alt.Estate platform or wherever they want.
• Purchasing real estate with a smaller ticket will be possible due to Fractional ownership.
• Ownership and transaction data is accessible to all peers on the network to enhance transparency.
Alt.Estate presents the following added advantages to both Investors and property owners;
- LOW ENTRY TICKET where an investor can buy just 1/1,000 fraction of a property and this makes it accessible to anyone.
- LOW TRANSACTION COSTS where Traditional costs of up to 30% of property price are eliminated with tokenization.
- GLOBAL PORTFOLIO where Individuals and institutions can buy or sell fractions of properties without borders.
- STRONG EXPERTISE where the Alt.Estate team and advisors with more than $4bn worth of transaction experience in real estate and diverse team background and expertise shall inspire breakthrough innovation.
- INVESTMENT PORTFOLIO where even a small investor can diversify his portfolio by purchasing tokens of a Manhattan penthouse, a warehouse in Guangzhou, a co-working space in Amsterdam and villas in Bali.
- SECURITY & PROTECTION where due diligence procedures a followed prior to the property token offering and shall be adopted in the distribution and storage of all the collected information to provide additional protection.
I bet you, with this awesome project, Alt.Estate in their vision to Promote Blockchain Technology in Real Estate by Creating Clear Economic Incentives for Market Players, has brought innovation to the real estate markets by implementing blockchain technology in the real estate marketplace and crowdfunding business models.
Why not cash into this wonderful opportunity to become and investor and a portfolio holder. Just check into the following addresses for more details:
bountyhive.io/r/ogbonnajunior
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