New Tech for Buying Property

26/03/2021 23 min Episodio 74
New Tech for Buying Property

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Episode Synopsis


This week the guys discuss new tech in the buying process- apps made to help the purchasing process perhaps becoming easier/fairer... What do you think?All right guys welcome back to The Property Pod your weekly engagement into the real estate industry here in Hobart, Tasmaniai'm your host Aaron Horne and i'm joined by our 4one4 Property Co Real Estate Agents... had to take a breath there... Patrick Berry and John McGregor breath was worth it because it came through nice and clear excited to be back excited to be backyes apologies to all our loyal listenersout there we uhwe got so close to recording last weekand then i've just got to admit thati had a i was going to say panic attackbut it wasn't a panic attackyeah vertigo yeah well that looked likea panic attack i suppose it felt likei was here in the room when you'rewatching you just go down like was juststrange yeah i thought i was gonna fainti got everything was spinning and i'vekind of i'm stillonly just kind of coming through thethrows of it now and yeah i've had umsebastian my my other employee as mypersonal driver all weekhe's been dropping me home and the onlything i don't understand is thoughwhy are you sitting in the back seatwell every day yeah you're likechauffeuring around like just becauseyou're sick you can still sit out thefronti've been giving him star reviewsconversation todayforyeah last week we we were in the studioas the vertigo hit and yeah no it's aso anyone out there that's experiencedit and if i wasn't umsympathetic to your spiraling well justi felt you now and it is roughman that's weird so yeah didn't you sayyou just like costly off balanceoh yeah it's like it's kind of like saysickness to it's all this inner earstuff but thevery first throws of it was literally ithought i was going to faint and thewholewe're in not the biggest room here butthe whole room was spinning andyeah it's basically your brain trying tocorrect um an inner ear kind of that'scrazy balance well i'msuper pumped you're able to push throughthis week as and we're glad to have youback it's good to be back good to beback i know that in myabsence you guys were kind of uh just ithought actuallythere might be a secret episode thatcame out without me no we were excitedwe're out of here we talked for 20minutes and theneveryone else thought we'd done thepodcast because we'll go on for so longbut we didn'twe didn't know how to hit record yourdad came in beforei was looking he's like he's like manthere's a lot of things for you tocontrol herewelcome to the command center don'ttouch itum you guys were listening to a uh ahackarticle or you're driving home andyou've text out said oh this is quiteinterestingyeah some last week was going to be ourtopic last week um because it washappened on the tuesday night i had anarticle about house partying foryoung people um on hack which obviouslysparked my interest straight awaydefinitely so i sat in the car andwaited for the episode to finish becausei got home and i was likeyeah we have a radio inside but gotta gofind it and turn it on soit's funny because when like a goodsong's on you'll do that thing like i'mgoing to sit in the car and waiti'll do a lap oh john doesn't like tosit still keep drivingkeep driving fair enough yeah keep goingyeah and they umwe're talking about how differentsoftwares have come into the market tohelp youbuy a home on a bidding process so asmost people would know theaustralian marketplace is quite busy atthe moment and most people are sort offighting each other to secure a homeyeahand so all these different softwares arepopped up and we thought it'd be a goodthing to talk about this yeah becausethis is right in your wheelhouse likeyou're kind of the king of the app theking oftechnology that will i am but at thesame time i don't know if it's somethingthat would work relatively well in thehobart market because we don't have thevolume of peoplebut i could see it working very well onthe mainland and why it's become verypopular when you guys were talking aboutit before just as i was listeningand setting up the studio it kind ofcame across as like oh yeah this soundslike yeahmelbourne auction kind of saturdaymorning this is something you'd want tobe all overwhereas here i guess it's getting waybusier here with yeah a lot of peopletrying to it's like everythingin a couple of years time it'll besomething that will probably be secondnature here as well butuh like everything hobart just a littlebit slower than the rest of thethat's all right the country does sortof do things there's nothing wrong withthat wellit is too with with the introduction ofthem it's a fundamentally different wayof purchasing property too soum it's a means that whether or not thebuyers are going to be excited to engagein that processum and also too for us it is a differentway of working so yeah soit is you know a bit challenging as wellto break it down can you kind of go intowhat some of these apps or what theseum options definitely so there's threemajor players at the moment that appearto be sort ofrunning the space they are john one wasopen negotiation yepand market buy and what was the thirdone rezzo was the onewas the one on triple j that's one ialways forget about you were startingwith that one actually consideringthat was the catalyst for all of us ithink reza looking here is real estatesales online they've got a kind of ablue and greenlogo looks kind of fancy it's almostlike a little wi-fi logopicture in there for anyone i couldprobably pop it up on screen if i reallywanted tobe fancy but it says an online offeracceptance and contractmanagement system allowing agents andbuyers to communicate onlineyeah so one thing i really liked aboutthis one and the way i could see itpotentially workingis um especially here in hobart out ofthe three that we're going to talk abouttoday this is the one where i thinkwould fit our marketplace the bestat the moment yeah because at the momentwe're doing a lot of ummultiple offers on properties but we'redoing them at an individual level sowe're going out meeting a clientwriting up an offer and then we'll go tothe other buyer and we end up with asituation where we sort ofwe can't disclose to the other buyerwhat each offer isbut um we need to make sure they'reaware that they need to put their bestfoot forward andso that's a legal issue that you guyscome across where it's kind of like aconfidentiality a bit of confidentialitya bit of code of conductum with rashes there for a while didn'twe because in the in ouronce once you get a license to obviouslyyou're agreeing to a code of conductthrough theum uh yeah through with the reitproperty agents called property agentsporting those ones um so in thatthere's a specificit says do we will not disclose theterms of other offers sothe so but then it's not expresslywritten into the act but it's justagainst ourreal you know professional real estateso it's kind of it's a difficult onebecause it's a patrick dangerfield kindof situationyeah yeah exactly so for our code wecould risk of losing our license becausewe're against our code but technicallyit's not illegal...