Blockhomes is an eco-system where the general public can, for the first time in recorded history, participate in large real estate transactions that were previously only available to institutional clients, such as large banks or sovereign wealth funds.
Armed by digitizing the asset through smart contract technology on the blockchain, we have found a way to allow individual investors to engage and profit from real estate transactions without having to have large sums of money.
For example, currently if you’re going to participate in very favorable real estate transactions that typically result in 30-50% returns in a few years, you would typically need to have at least one million euro to put into the deal otherwise the developers would see you as a waste of time (since there is a lot of admin work involved in taking in money, setting the contracts, and ensuring payment of interest and returns are done consistently over the time period agreed).
Now that we have smart contract technology that can automate the administrative process of accepting payment, issuing interest payments according to the agreement and also tying in a contractual/documentation layer for what was agreed to (such as property deeds), we now have a way in which we can be more inclusive of nature to all types of investors from all walks of life.
This is truly an amazing time to be alive, and Blockhomes personifies the new opportunities we will be given with smart contract technology!
The World Needs Blockhomes: Here’s Why
Blockhomes has a vision to democratize and digitize large, profitable real estate projects throughout the world and make these investment opportunities freely available to all people on earth.
In the past, only the fortunate few had access to such controlled, profitable deals that resulted in those investors only getting more returns and in turn access to more profitable deals. In other words, the rich getting richer.
Blockhomes will change all of that by opening the gates of great deals to the average investor for the very first time!
By way of digitizing the offer via smart contract with the property deed layer, all Blockhome users have the security of not only the smart contract terms of return on investment, but also the backing of the actual real estate within the smart contract.
One other beauty of being in the Blockhomes system is you’ll have the ability, for whatever reason you like, to exit out of your position and sell your tokens (shares) inside our members area (subject to lockdown conditions).
Highlight of Blockhomes
The team behind Blockhomes.io has been developing residential real estate since the early 1990’s, and has seen all types of market conditions and economies. We understand the real estate market back and forth, from digging the ditch to listing the group of real estate properties on a publicly listed stock exchange, and everything in between.
Having this experience of development, pre-sales, and exit give us a full picture of what types of projects result in home runs for our investors and which projects turn out to be more challenging in terms of delivery and maximizing return on investment.
Today we have a special situation with the real estate market in Sweden, where we are initially launching Blockhomes prior to moving into other markets.
Why is that? Quite frankly, it is because the market is about as good as we’ve ever seen in the past 30 years of doing real estate.
The market has over one million people looking for apartments and on a waiting list to get into something new over the next few years. Demand far outweighs supply at the moment and at Blockhomes we have the inside track to finding, developing and ultimately selling real estate projects throughout the country in all of the cities where the lack of supply is profound.
While our business model is not restricted to any one country or geographical region, this is where we will start to prove our model and grow, as we know this market well and understand the types of ROI’s (return on investment) that we can provide to you, the investor in the eco system of Blockhomes.
About the Platform
The goal of Blockhomes is to provide a “trustless” platform that allows you, as an individual investor, to be able to put your money into specific real estate projects without any fears whatsoever of counterparty risk. In other words, since the process is governed by an automated smart contract, delivery of what is promised will be delivered automatically and instantaneously.
Let’s dive into this further, because it is an important point for us to demonstrate you don’t need to trust Blockhomes to deliver their side at all by way of how the company is structured.
When you send payment to our contract address, your payment is received and credited immediately. Your address from which you’ve sent payment will then be credited with a deed in the property which you’ve invested in, giving you security in knowing this is actually a property you have shares in and ultimately own a portion thereof. Because this process is automated, and the smart contract code being open and transparent on the internet, it creates an environment that makes it easy for the world to see how we are operating. If there was ever any impropriety it would be easily seen and pointed out by the public- and hence this is one of the inherent beauties of the blockchain and what it can do for business as a whole.
Benefits for investors, lenders, buyers
As we’ve previously touched upon, smart contracts and the features of them specifically make Blockhomes a great place to park your money, earn interest, and have visibility for what real estate projects you actually are participating in.
Above and beyond that, your investment will receive quarterly interest payments automatically delivered by smart contract of which you can immediately cash out, reinvest, or keep in cryptocurrency. The choice is yours and one in which you have full control over.
Additionally, another benefit for investors in our core offering inside of Blockhomes is the ability for their investments to be liquid, easily fractionalized with quick settlement.
Because the Blockhome equity token will be representative of a public company, it can be traded with other Blockhome users inside our proposed internal exchange. After launch, we believe the token will be listed on external exchanges, giving more options to initial investors to liquidate a portion or all of their holdings.
What are smart contracts?
Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflict-free way while avoiding the services of a middleman.
One of the ways to describe smart contracts is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your real estate deed, share in the company, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.
In the case of Blockhomes, we provide an extra layer of security within the smart contract and provide direction and clarity for how our smart contracts will work with a vision of the company opening