Uber co-founder branches out into real estate with Haus
Not content with disrupting the taxi market Uber co-founder Garrett Camp has set his sights on the real estate sector with a new platform designed to facilitate making and accepting final offers when buying and selling residential property.
Haus sets out to digitise this process and provide greater transparency between buyers, sellers and agents to bolster the often thorny negotiating process.
This sees sellers upload their listing enabling buyers and their agents to table offers, adjust them and look at anonymised offers made by others – eliminating the outdated process at present solicitors faxing across offers or picking up the phone.
Haus general manager, Sarah Ham, said: “We think the openness will create a more efficient market and that the number of offers and price will ultimately be dependent on demand. Bidding wars are a common, almost accepted, part of the real estate process today. But with our approach, buyers know where they stand. Buyers will know what they need to offer to make their offer competitive, but they also won’t negotiate against themselves.”
It is hoped the system will also take the pressure off agents from keeping track of multiple offers whilst drilling down into the nitty gritty of the buyers credit rating, whether a chain is involved or the proportion of cash being put down.