Digital home buying software developer, OneDome, is offering to donate £100 to charity for every property transaction done via their platform that takes longer than ten weeks.
This is half the often talked-about average of 20 weeks that it takes to complete on the sale or purchase of a property.
The company has launched the #JoinOurChallenge campaign to promote its new platform, which aims to drive down property transaction times by digitising and streamlining the entire process.
OneDome claims to be the world’s first home buying platform which enables buyers and sellers to conduct an end-to-end property transaction online, from searching for properties to engaging with estate agents, conveyancers and mortgage brokers.
It follows the launch of their free listing portal two years ago and a total of five year’s research, development and technical innovation.
Babek Ismayil, CEO of OneDome Group, says: “Staggering sums of money are lost each year due to various inefficiencies in the homebuying process. During the last twelve months, we’ve seen the Stamp Duty holiday create an increase in demand, and a renewed pressure on supply chains. This has slowed property transactions even further and cast a brighter spotlight on the biggest issue facing our industry.
“We know that reaching a 50% reduction from day one will be difficult. This is not an impossible dream though and a growing number of firms are joining us in our mission. We are determined to make this happen – but we need to do it together. When we look to the future, our end goal is to reduce transaction times even further – down to just 6 weeks – but for now, let’s get the ball rolling.”
OneDome is fast becoming a big name in the industry. In 2019, the company acquired Nethouseprices.com, one of the oldest property search websites in the UK, and has recently raised £13.2m in external funding from several prominent family offices in the UK and the USA.