To take the wraps off a new property tech platform, co-founder of big money marketing tech start-up ROKT Ben Voltz is poised, despite not officially having their property on the market, which will allow to connect with home owners who are willing to entertain offers, the prospective home buyers. NOKK facilitates a digital doorknock, or letterbox drop, co-founded by Mr. Voltz and former commodities banker William Evans, that lets buyers target homes where the owners have indicated they would consider selling in a specified location but have not engaged a real estate agent.
To also manage the financial aspects of their investment rather than providing a portal for owners and investors, NOKK just focuses on facilitating connections between buyers and owners. NOKK is instead focusing on off-market real estate, does not go after real estate agents or properties already on the market.
A few years ago, Mr. Voltz, who stepped down from the day-to-day operations of ROKT but remains a shareholder and director as told to a major newspaper in Australia. There were only 15 properties on the market, He was looking for a house in Albert Park, he ran 300 letterbox drops and had 18 responses. Investing their own money and raising $1 million in capital from HNI investors the pair began building NOKK 18 months ago.
With almost 3,000 properties listed on the marketplace. NOKK has already signed up 7000 users, predominantly from around Melbourne, has almost 3,000 properties listed on the marketplace. The home owner does not need to post their address unlike Domain or Realestate.com.au, instead a radius is shown within the selected suburb. Given the current property market downturn, Mr. Voltz said he was expecting the platform to do particularly well.
How a buyer can access stock without a signboard being out in the front, properties are unique to NOKK and solve this problem. Rather than building tools for owners to understand their property wallet they’re very focused on delivering that result. For only the fourth time on record, with Sydney now in danger of falling below 40 percent, nationally auction clearance rates have slipped well below 50 percent.
Mr. Lui's Soho has grown to have 65,000 properties listed, since launching in September last year more than 3000 real estate agents have signed up to list their properties and more than 30,000 downloads of its app, making up 90 per cent of the listings on the marketplace.
Its app gives them real-time notifications about properties they're interested in and lets buyers connect directly with agents via a live chat. He said ‘The predominant market still rests with the agent assisted model, timing-wise there seems to be increasing activity around owner driven sales given the changing market. As PropTech is really heating up, it is good to see more entrants into the space.’
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