Traditional real estate processes often involve middlemen, outdated procedures, and sometimes corruption, which can hinder smooth and trustworthy transactions. These old methods frequently lead to unnecessary delays, higher costs, and increased chances of fraud.
Intermediaries like agents and brokers may not always act in the best interest of their clients. In some cases, corruption and unethical practices can occur, making the process unreliable and insecure. This diminishes trust and increases the risk of scams or unfair dealings.
Moreover, outdated procedures—such as relying on paper documents and face-to-face negotiations—are slow and inefficient. They can cause unnecessary delays, confusion, and frustration for both buyers and sellers. The lack of transparency in these traditional methods often leaves one or both parties uncertain about the true state of the transaction.
In addition, the high commissions charged by agents can significantly increase the overall cost of buying or selling property. These costs make housing less affordable and limit access for many people trying to enter the market.
Overall, reliance on old methods and intermediaries perpetuates corruption, reduces transparency, and hampers progress. Moving towards more digital, direct, and transparent platforms is essential for creating a fairer, faster, and more trustworthy real estate market.
