If you are new to this concept, this might seem unusual to you, but the pair of Blockchain and real estate is not unlikely and becoming more apparent day by day. Technology has the ability to deliver the best for our society, and we are continuously accepting and cherishing the gifts of technology so far.

It's normal now to use smartphones and see the map before you go anywhere, but many years back, it was quite impossible to think. On the verge of technological evolution, there are many other new things to come in our life, and we are expecting a massive change in the real estate industry.

Blockchain is a decentralised process that involves all the transaction processes to make it more flexible and innovative. On the other hand, the real estate industry is always late to adopt technology according to history, but this time with the invention of Web3, we are going to see changes in the real estate industry.

If you want to experience the magic of Blockchain, you also can try Cryptocurrency from BitAlpha AI. This will help you to do the transactions easily with real estate deals.

As the world is upgrading from Web2 to Web3, will real estate be able to stay stubborn anymore?

Benefits Of Blockchain In The Real Estate Industry

Well, tokenization might change the whole scenario for the industry, and we are going to acknowledge some of the interesting changes as well as benefits that Blockchain is bringing to the real estate industry.

Let's see what we have in benefits from the end of Blockchain!

1. Remove Intermediates

If you are dealing with real estate issues, that might be very expensive.

Why!

This is because there are so many people involved in confirming one deal for you. The mortgage approvals and document verifications take months to approve your project or deal. In that case, Blockchain comes to provide you with a smart contract.

With the help of smart contracts, you will be able to make all the mortgage contracts done in minutes. In addition, it will also help you to lessen the transaction amount for your real estate deal.

2. Streamlining Transactions

Blockchain provides us with property-based platforms like Propy, and this can help us to reduce many burdens.

The connection between buyers and sellers is limited in the real estate industry, but Blockchain has the efficiency in providing you everything from one place. This also minimises the chances of fraudulent activities.

Streamlining all your transactions can also reduce your time to make a prominent deal.

3. Increasing Accessibility

Investing in real estate is not possible for most of us because it processes very high-value projects which are impossible for many people to consider. On the other hand, it is very complicated to make an investment in real estate.

Thanks to Blockchain and its advanced technology, it helped us a lot to consider platforms like Parcel, which helps us to increase our exposure to the real estate industry.

You can now afford a piece of your favourite location with digital investment, and you will not need to consider any physical presence there.

4. Transparent Deals

Real estate deals are paper-based deals and are very slow in their delivery process. As a result, we often fall into serious trouble when the papers get damaged or get lost for some reason.

On the other hand, as well discussed already, it is a very lengthy process to consider. In contrast, if we use smart contracts, that's why Blockchain is the best. It will help to do a deal and keep it secured for a lifetime, and no one can damage or manipulate it.

5. Providing Liquidity

With the introduction of Web3 technology, you will liquidate your real estate assets easily. Generally, the real estate industry is illiquid as buyers and sellers are not always available in the market.

Instead of selling it to the bank, you can share a percentage of your area equity on the Blockchain platform, and in the auction, an investor will get that particular percentage.

To Conclude

It's time to focus on the future aspects of our society, and real estate is a significant aspect of our society. Without the advancement of the real estate industry, we will not be able to progress properly, and that might be a big concern for us.

So it's time to go digital and think of Blockchain!