I have become a Transaction Facilitator, brokering deals, to learn what features brokers need.
While brokering a $100M deal, the first biggest problem that I re-discovered is dealing with tire-kickers and going back-and-forth between buyers and sellers. It’s not only a matter of having and withholding seller’s information when trying to promote a package to buyers before protecting your fee, as a broker, it’s also important to sell the package of real estate assets for sale to the buyer, as a broker. So, I came up with two features to solve these problems. The first feature allows you to specify the seller’s and broker’s required documents from the buyer when saving a portfolio/package. The second feature is really just an extension of the first feature and it allows you to share your results of this question, and update your results, when sharing and selling the package over the phone and web-link.
I hope to create a way for buyers to subscribe to new packages that are for sale generated for the system that they can browse, but would need to become a monthly subscriber in the system to contact the seller or broker to actually buy the package. I would also like brokers and sellers to use the system to share and sell their packages.
Let me know what you think! I’m pretty excited by it so far because I think that it will drastically reduce the tire-kickers and the back-and-forth between buyers and sellers when brokering a deal because expectations are set up front with the seller when saving their information for how they do business and it forces brokers to establish how they want to do business. So again, let me know what you think!