How Holsell Works

Traditional Real Estate Buying Process

The Problem with the current Process

The Current Process

The Problem

Our Solution

We combine all of the fragmented listing information in a decentralized blockchain ledger. Buyer shortlists properties using a blockchain-enabled multiple listing service (MLS). The lessor and the lessee or their respective brokers list their requirements on the multiple-listing services (MLS). A transparent MLS system enables all parties to view the available listings based on their requirements. 

Buyer creates a financial model of rents, occupancy, and costs, based on the data available from the property’s digital identity on blockchain.
Buyer determines the bid price.

Using blockchain-based digital identities and title registry, the buyer and/or the mortgage lender conduct several checks including environmental clearances, zoning permissions, tenant leases, and title clarity, among others.
The mortgage lender also conducts a due diligence of the buyer (borrower) to assess the loan terms, including loan amount and loan-to-value.

Trusted intermediaries such as title companies can use our system  to greater reduce cost and time to properly transfer title through blockchain, due to increased security and transparency in title management and auto-confirmation by government land registries.

The mortgage lender transfers the sale proceeds to the escrow account and the seller transfers the possession to the buyer.
The smart contract between the buyer and the seller initiates the payment of sale proceeds from the escrow account to the seller’s bank account and notifies the registrar to initiate the property title transfer to the buyer with a lien on the property in favor of the mortgage lender. The registrar validates the transfer of the property title on blockchain and a new permanent block is created, making it official and irreversible. The smart loan contract between the buyer and the mortgage lender initiates regular loan repayments to the latter.

Our blockchain is set-up in such a way that all participants in the process are included and are able to collaborate; however, they only have access to the sensitive information to enable them to do their part. Once completed, the smart contracts initiate the next step in the process. 

The blockchain contains a certain and verifiable record of every transaction ever made, which mitigates the risk of double spending, fraud, abuse, and manipulation of transactions. The peer-to-peer distributed network records a public history of transactions. The blockchain is distributed and highly available; it also retains a secure source of proof that the transaction occurred.

The mortgage lender transfers the sale proceeds to the escrow account and the seller transfers the possession to the buyer.
The smart contract between the buyer and the seller initiates the payment of sale proceeds from the escrow account to the seller’s bank account and notifies the registrar to initiate the property title transfer to the buyer with a lien on the property in favor of the mortgage lender. The registrar validates the transfer of the property title on blockchain and a new permanent block is created, making it official and irreversible. The smart loan contract between the buyer and the mortgage lender initiates regular loan repayments to the latter.

The auction process expedites the sale process and renders the best price available given the current market conditions. On successful completion of the due diligence: A smart contract between the buyer and the seller is reviewed and executed by the deal principals and the advisors of both parties. A smart loan contract between the buyer and the mortgage lender is linked to the above contract between buyer and seller. 

We incorporate state of the art virtual tour technology for pre-lease and pre-sale due diligence purposes and for ongoing management of the property. This dramatically reduces cost and time associated with the due diligence process. 

We use blockchain technology in our 1031 exchange process  that allows our clients to execute a 1031 exchange transaction and reposition assets quickly. The entire 1031 exchange process can be done online. 

Typical Real Estate Transaction

A Real Estate Transaction the Holsell Way

Make the Conection

Create a Holsellchain

Blockchain Leasing Process

Blockchain Sales Process

Benefits of Smart Contracts

Cons of Smart Contracts