Agent not Needed (ANN)-Breaking Barriers in Successful Property Transactions through Blockchain Technology.

prinox2 (7)in #miningbitcoinicoann • 6 years ago

Welcome to a peer to peer property platform that allows buyers and sellers to communicate and transact property directly without the need for estate agents, welcome to Agent Not Needed Project

As stated earlier, Agent not Needed will provide a peer to peer property platform that allows buyers and sellers to transact property directly without the need for an estate agent.

Phases of Development

Platform Listings Marketing Strategy

The Agent Not Needed property platform will provide exposure for listed properties on the platform through marketing via social media which means the Agent Not Needed property platform will remove the need to use estate agents who mostly list on popular property portals such as Right move and rely on Right move’s marketing to gain national exposure for the property. We also plan to use machine learning to master the property selling process and improve our platform and services.

Market & Industry

The aim of this section is to provide an understanding of the current market state, displaying who the market leaders are and what the current ceiling of property sales and revenue generation is.

UK Housing Market

The figures shown below are the amount of property sales in the UK in 2016 and 2017.

Sales volumes

The provisional seasonally adjusted UK property transaction count for September 2017 was 100,850

Residential and 9,440 non-residential transactions.

Problems in Property Industry

The overall problems the property industry has is that there are many third parties involved in the process of transacting property that the costs are high, the process slow, the process status is unclear and sometimes the work is not carried out correctly resulting in land registry and property ownership mistakes and buyers and sellers are in cases subject to fraud. With property rentals, costs are high and the process stressful.

For example,

Costs associated with selling a property are the fees set by estate agents and solicitors. The two most common pricing models set by estate agents currently are commission based and flat fee. Commission based estate agents will take a percentage of the property sale amount regardless of the price of the property and regardless of the work required by them and value they added to convert a sale.

Some of these problems/ challenges are enlisted below

Cost
Poor communication from estate agent
Paying an estate Agent yet conducting your own view.
Gazumping-

Solutions from Agent not Needed

In terms of poor communication, Agent not Needed provides a platform allows buyer and seller to communicate directly with no charge to do so. This eliminates the estate agent altering the messages from both buyer and seller and also reduces the time for messages to reach the other party. Better yet, the platform doesn’t close at 5pm so even if you wish to send a message at 8pm as you were late finishing work that day, you can. This reduces the stress felt by both buyer and seller and reduces the time it takes to come to an agreed sale and gives the individual direct control over the process.

In the case of Problem associated with Transactiion Process, Agent not Needed once in its fully visualised state being built on the blockchain and using smart contracts, the smart contracts will be used to do the work of solicitors and conveyors removing the need for third party involvement. The UK HM Land registry have planned to move land registry in the UK to the blockchain which will mean it can implement or utilise the land registry blockchain to complete the transaction digitally and quicker. It is not unrealistic to imagine a property could be listed for sale and then sold and the whole process completed the very same day though this would require both buyer and seller to have everything required to hand and come to a sale agreement also in the same day. Regardless, the process could definitely be reduced to a matter of days rather than 2–3 months.

The platform will not only allow individuals to list their properties for sale or rent but will also promote them directly for the seller or landlord at no extra cost. Unlike RightMove that drives traffic to its site overall to gain traffic increasing the potential to sell or rent a property, it will drive traffic to the listed properties directly using social media marketing and profiling the ideal buyer or tenant for each property. The idea is to not only drive traffic to a listing, but to drive traffic that would actually be interested in buying or renting that property and also that has the means to. The aim is to master this process at a later stage with the use of AI and machine learning but from as early as our Version One launch, we will market listed properties directly to turn listings into converted sales.

The Unique Selling Points

Where you may think current property portals such as Rightmove and Zoopla could implement allowing individuals to list properties with them directly the fact is they genuinely won’t due to the following factors;

 Traditional Estate Agents founded some of the Major Property Portals

 A lot of their Revenue is generated from Traditional Estate Agents listing Properties on their Portal.

 Traditional Estate Agents will not List Properties on Portals where the General Public Can also lists their properties themselves.

Agent Not Needed Benefits;

Using this platform, not only one party enjoys the benefits, but rather, the Buyer, Potential Tenants, the Landlord all enjoys its usefulness.

For instance;

The Buyer enjoys in the following ways-

 Ability to make an offer direct to the seller through the platform

 Ability to arrange a property viewing direct to the seller through the platform

 Ability to communicate with seller directly through the platform

 Ability to complete the transaction quickly and hassle free

 Reduced costs

The Potential Tenants enjoy — Ability to make carry out credit check once but usable multiple times and every other thing the buyer enjoys

The Seller in his part enjoys-

 Ability to accept offers direct from the buyer through the platform

 Ability to arrange a property viewing direct with the buyer through the platform

 Ability to complete the transaction quickly and hassle free

 Ability to communicate directly with the buyer through the platform

 24/7 Access

 Accessibility to all features that are required if required when selling a property (EPC Ratings, Valuations etc.)

Save money with smart contracts cutting out the need for a conveyor and solicitor*

 Reduced risk from fraud with use of the blockchain*

 Real time tracking of the status of the sale

Then, on the side of the Landlord, he can now easily

 View potential tenants credit checks

 Due to reduced costs of credit checks for potential tenants, chances of losing potential tenants are reduced.

How it works

Buying and Selling Property

Once Agent not Needed platform is built on the blockchain, it will convert property into digital tradable assets which will be encrypted digital files containing all the information regarding a property and its ownership. This will allow smart contracts to use it and update its info when sales are completed and the property asset will be owned by the buyer and proof of that will be in the blockchains digital ledger which cannot be faked or manipulated. This will reduce fraud risks as no one can pretend to own a property and take the buyers money, as ownership can be checked.

Renting a Property

The rental solution that we will introduce on our platform during phase two of our product roadmap, will provide the tools to allow landlords to manage their property rental and potential tenants the means to rent a property both with reduced costs, faster process time and an overall less stressful experience

Agent Not Needed (ANN) Token.

ANN Token is an ERC20 digital token built on Ethereum. ANN token is a utility credit that is to be used on the property platform, similar to how platform/game credits work.

We will be issuing 800 million ANN Tokens with 50% of the tokens being made available to the public and the other 50% being held as our internal core reserve (More info regarding this in ‘Internal Core Reserve’ section). The 800 million ANN tokens is a hard cap. Once the initial minting is complete, no additional ANN Token can ever be created.

Of the 400 million tokens available to the public during the token sale, 5% of them will be available through our bounty campaign and the remaining 95% (380 million ANN tokens) will be available to purchase at £0.025 each.

ANN tokens can be used to;

 Purchase Additional Features (Premium Listings, Media Packages etc)

 Advertise a Business on our Platform

 Sell ANN tokens to other platform users through our internal marketplace

How ANN Token Works

To understand how ANN Token works, explanation is best split into;

Simple Explanation-

Service prices on the Agent Not Needed platform are displayed in ANN tokens, which is the platforms credit system. When a user clicks to purchase the service, if the user doesn’t have enough ANN tokens in their account, they will be prompted to buy tokens, which they can do easily by clicking the buy button and paying with traditional money using their credit/debit card.

The ANN tokens are purchased and spent instantly for the service the User wanted on the platform.

The user having paid receives the service they paid for.

Technical Explanation

This section is designed to be a full explanation including the technicalities of how ANN tokens are Obtained and spent.

The price of services on our Platform is displayed in ANN tokens. When a User wants to purchase a service on our Platform, they will need to buy ANN to pay for it. A User simply pays with traditional money by debit/credit card which instantly purchases the ANN they require to pay for the service and the ANN tokens are instantly spent.

Token Holders who wish to sell their ANN on our Internal Marketplace will be able to do so by creating sell orders as they wish. If for any reason there are no sell orders from Token Holders then the money that would have purchased ANN from Tokens Holders will be kept on the Internal Marketplace to fill any orders that are created at a later date.

Any Token Holders who purchase ANN during the pre-sale and main sale will have the option to either keep their ANN tokens in their ERC20 compatible wallets, send them to their Agent Not

Needed Platform account to use or sell through our Internal Marketplace or send to external exchanges.

Token Value

The value of ANN tokens will be based on demand on the platform. The more popular our property platform becomes, the higher the demand and therefore the higher the value of ANN tokens.

ANN token price will be taken from worldcoinindex.com which calculates the median price from the external exchanges offering ANN token. Our internal marketplace price will always be slightly more than the price on external exchanges in order to incentivise token sales on our platform so that they can be used by users on our platform.

ANN tokens will be available to purchase for £0.025 each during the main token sale.

The idea is that by purchasing tokens early, users will be able to transact on the platform and acts as an incentive to gain the initial customer base our platform will require to begin its operations

RoadMap

Agent Not Needed Main Token Sale

Use of Funds
If all tokens are sold, it will generate £ Of the remaining £7.6 millions 9.5 million which 20% will be subject to VAT. million, the money allocation will be;

The Team

The Agent Not Needed management structure consists of a tight development, marketing and leadership team, each selected for their alignment to Agent Not Needed ethics and ambitions as well as their individual skills and expertise. The majority of the team has been working together for several years. Each Head of department will be supported by a team who are experienced in their field once further funds have been raised

Anthony Pentland — Founder of Agent Not Needed & King of Commerce.

Petros Georgiou- Co-Founder & Chief Creative Officer of Agent Not Needed

David Dixon- Investment Manager at Digital City

And many more…..

For more info about this project-Agent no Needed, visit any of the channels below;

Website. . . . https://tokensale.agentnotneeded.com/

Twitter . . . . https://www.twitter.com/agentnotneeded

Bitcointalk. . https://bitcointalk.org/index.php?topic=2445107

Facebook . . https://www.facebook.com/agentnotneeded

Telegram. . . https://t.me/agentnotneededofficial

Author: Prinox2

Twitter. . . . https://twitter.com/Prinox2