2huts.com announces the Birth of Real Estate 2.0

“Real Estate 2.0” refers to a second generation real estate profession that facilitates communication, secure information sharing and collaboration on the World Wide Web. It is more of a revolution in how business is conducted in the real estate industry through the incorporation of modern information technology much like the popular web 2.0.

Real Estate is one of the oldest businesses in the history of the world. It is an excellent way of investment for the nearer or further future; both ways have proven to be profitable anyway. It is a big industry with a lot success stories and tetra bytes of unorganized information. Market crashes is rarely or never reach to ground zero no matter how hard the bubble burst, there is always an appreciation in value. The simple fact is “Shelter is a basic necessity of life; therefore man is in constant need of it”

Real Estate 2.0 is all about incorporating information technology to the practice of the estate profession. The real estate market is a market of information sharing which is best achieved in the modern world through the World Wide Web. With the emergence of Web 2.0 as a “participatory web” as well as “information source”; Real Estate 2.0 offers the real estate industry a participatory role in the provision of information to the market using the web2.0 standards.

2huts.com provides a standard Real Estate 2.0, a platform in which commercial real estate information is served for free public access, muck like the traditional market place on the web. Estate professional from anywhere in the world can post property to the market, where the interested buyer can browse through and contact the professional to complete the transaction on the property. A system that upholds the professional ethics and conducts of the profession. The information is solely provided through the professional who serves as an intermediary between the buyer and seller of real estate.

In the light of this modern technology, there is a strong need to fully explore the opportunities to push back the boundaries of our limit, ease hardship, maximize effectiveness and efficiency and most importantly reducing cost and maximize profit.

Real Estate 2.0 is headed towards the establishment of a global real estate exchange; A market where professionals, investors, buyers and sellers can securely transact. A market where estate brokers can broker their properties on the exchange for their local, national and international customers.

About the Site

2huts.com is a web software application that provides real estate broking and marketing services to the real estate industry and the general public. The system operates as a real estate information exchange providing a platform to the estate professional to market real properties to the public thus an online real estate market. The concept is to gather and organize all the commercial real estate information (Sale/Letting/Rent/Lease) from all estate agencies on one platform for the public to access using the internet technology.

Our studies have shown that the real estate market is generally unorganized market with limited exposure to the general public. There is no definite place for buyers and sellers to find each other; the market mostly works on coincidental referrals. The interested buyer is not adequately exposed to the general free market forces in which he has alternative to choose from. There are no records of the transactions going on because of the uncontrolled nature of the market making it quite impossible to enforce the real estate laws.

Therefore, we came up with a web application that provides an organized platform where information about real estate is obtained and utilized by both parties (buyer and seller) involved and the intermediary (estate professional) through multiple market listing. The application also provides an estate brokerage platform personalized for the estate professional to market real estate on behalf of his client for the highest possible price under the best terms.

This will ease the hardship in real property acquisition, increase effectiveness and efficiency, saves time and energy thus taking the estate industry to the brink of the technology era and the realization of Nigeria’s vision 2020. Supervision and monitoring of the real estate transactions and readily available market data will be at the finger tips with a single click!

2huts.com – The Real Estate Exchange (REX)

The problem

1. The market is unorganized (quackery).

2. The economy is still underdeveloped (Plus current global recession).

3. There is no adequate power supply.

4. There is massive unemployment.

5. Cost of doing business is high.

What we can do

· Organize the market.

· Use resourcefulness and initiative.

· Manage the inadequate power supply creatively.

· Use information technology and upgrade the industry.

Then we can:

§ Boost the economy.

§ Create employment.

§ Manage and reduce cost and make more profit.

§ Increase market share and expand.

Technology

A. We are reactive than proactive.

§ Reactive: we always wait for the western world to come up with solutions to our problems.

§ Proactive: we need to use creativity and resourcefulness to provide solutions to our problems.

B. We need to change our method of doing business, change our perspective.

C. We need to be more cooperative than competitive (co-opetitive): unless we take the decision together as a “professional industry”, the impact will not be significantly effective.

“When we change one part of the chemical formula, we nature the nature of the result” And “to be committed to the change, we set goals and pursue to achieve them”

“…He who can not change the very fabric of his thought will never be able to change reality and therefore will never make any progress.”

Late Anwar Sadat,

Former President,

Egypt.

Summary

ü Part 1: What’s happening: the trend suggest that it is going to get worst before it gets better (problem)

ü Part 2: Using technology can help manage and reducing cost and therefore increases our market share (Solution)

ü Part 3: Therefore business is better than ever (better result)