Proptech – What does it actually mean?

Proptech for proptech sake is pointless. Trust comes from the quality of what is created not how it is created, this is how Nimbus® Maps came into being – to solve challenges we found in our business.

“The house buying process is front loaded for homebuyers in terms of the cost of conveyancing and flagging potential issues with a house purchase. Nimbus® Maps puts all of this initial key data into one place, helping the homebuyer do more due diligence on their potential purchase. Using Nimbus® Maps, the homebuyer can find out what else has sold nearby, what the local trends are and ensure that they’re paying the right price.”

Nimbus® Maps has [huge] benefits for the housebuilder too. “If housebuilders and buyers can access in-depth site or property data quickly, in one place, by carrying out their due diligence early in the process, then fewer deals will fall through later. Housebuilders can use Nimbus® Maps to find land and sites, including Planning history giving them an understating of any potential challenges and where other schemes may have struggled or succeeded. They can also see which of their competitors are operating in the same area allowing them to make the right strategic decision.” explains Nick Huntley of Nimbus® Maps.

So, it’s easy to see how protech can benefit both the buyer and the housebuilder. The key to success is to trust the technology on offer – and to remember that the best proptech works hard to keep human interaction at its heart. (Show House Magazine)

James Dearsley summed it up perfectly:

“The goal shouldn’t be to replace real people with technology, but to clear the obstacles that currently inhibit interaction between agent and client.”

Two years ago, our journey started with the goal of combining key property information in an intelligent way, adding value and giving the solution – Nimbus® Maps, to everyone to use.

Credit to Show House Magazine.

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