Alt Estate - investments in real estate on the blockchain.

in #cryptocurrency6 years ago (edited)

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Real estate is a great investment tool. These are not securities that are incomprehensible to most people. Apartments and houses will always be in price and always attract the attention of both investors and ordinary people who need to live somewhere.

However, there are certain problems with investments in real estate:

  • high entry threshold
  • the procedure for the ownership transfer is very long and complex
  • pricing is opaque;
  • transaction fees (related to the notaries work and other deal participants, can reach up to 5-10% of its value);
  • there is a risk of fraud.

Because of these problems, many who have the money and the desire to invest in real estate, avoid it.
However, it is now possible to invest in a house or apartment and to do it safely. It is enough to use the Alt Estate platform.

What is The Alt Estate?

Alt Estate is a blockchain platform for all those who take part in real estate investments.

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The purpose of the Alt Estate is to provide easy and quick attachment to a house or apartment around the world. Thanks to Alt Estate, investing in real estate will become much easier than before.
This brings both short-and long-term benefits, both to individual investors and to society as a whole. In the short term, economic growth will be ensured due to the increased number of apartments sold. In the long term, developers will get more incentives to build quality apartments and houses - they will have a powerful sales channel.

How Does It Work?

The Alt Estate operates approximately the same as the usual platform for the real estate sale.

The investor comes to the platform and is looking for the best offer. He can use the analysts services and appraisers to understand whether to buy a house or an apartment. Then the parties draw up a deal with the help of a broker and a notary. Documents are stored in the blockchain and transmitted through secure channels.

If the buyer has a real estate portfolio (several properties at once), he can use the services of the property Manager.

The Advantages Of The Alt Estate.

To achieve its goals, the developers of the Alt Estate has provided a whole range of benefits:

  • low entry barrier - you can buy at least 1/1000 of the property, which allows you to enter the market for almost everyone;
  • reduced transaction fees - due to the fact that Alt Estate is a blockchain platform, there is no set of administrative expenses;
  • the ability to make an investment portfolio - those who have large capitals, cannot be limited to investments in real estate in your city or country, and pay attention to promising global regions;
  • legal cleanliness.The real estate objects are verified legal professionals;
  • data protection. Confidential information about the property is stored in the blockchain, which can not be hacked.

Conclusion.

Platform Alt Estate eliminates many of the problems that exist today in the field of real estate investments. Alt Estate makes investing in apartments and non-residential premises much easier. In the future, this will lead to the revival of the sector and increase investment in real estate.
The important role of the Alt Estate plays the blockchain.The confidential and important documents on transactions (for example, certificate of ownership) are stored in a secure way there. This allows not to transport documents in the traditional ways (especially important if the investor and the seller are in different countries or even on different continents and reduce the risks for all participants in the transaction.)

The Alt Estate creators want to create a global platform where real estate transactions around the world will be registered. The platform has a number of advantages that will help to take a leading position in this market.

To Know More Follow The Links Below

Официальный сайт
Whitepaper
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This is kul....... I have a property valued at 55million Naira that's approximately 58,000 steem. This is a motivation to put it up here. Real estate is a sure thing to venture Into in the near future.

Hey! thank you for reading @peterakpan . this project is great chance for small and medium investors !

This is very different than the blockchain REIT platforms. It looks like this project lets investors invest in individual properties rather than premade pools. I like this plan.

I wonder if owning a piece of individual property has any added tax benefits depending on where it's at and where you're from.

I'm not familiar with REIT yet to compare, but i will read!

REITs (not just blockchain versions) are typically involve owning a portion of a portfolio of properties while this appears to be about owning a portion of one property. Risk/reward is different for both styles.

This post has been shown by @tenorbalonzo to 9300+ followers

This post is resteemed and upvoted by @bestboom

Good project. This has great potential and it will make investing in real estate much easier than before by reducing the chances of fraud and procedure for the ownership transfer very simple.

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