Welcome to
the Block
Mercata Properties is a digital marketplace that revolutionizes the process of buying and selling real estate properties, aiming to accelerate property sales while reducing overall expenses.
By leveraging the transparency, security, and efficiency of blockchain technology, Mercata Properties streamlines the transaction process, enhances trust among participants, and lowers costs associated with traditional real estate transactions.
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Faster time to close
Buyers can make offers directly through the platform, eliminating the need for intermediaries and reducing negotiation periods.
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Lower fees
Sellers can save on agent commissions, while buyers benefit from lower fees associated with title searches, escrow services, and legal documentation.
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Increased trust
Property information, ownership records, and transaction history are securely stored and easily accessible, minimizing fraud risks and improving confidence in the transaction process.
Current Process
The real estate industry suffers from significant inefficiencies, lengthy transaction cycles, and high costs. Traditional property sales involve multiple intermediaries, complex paperwork, and limited transparency, leading to delays, disputes, and inflated expenses. Sellers face high fees and a lengthy sales process, while buyers struggle with verifying property ownership and ensuring a smooth transfer of assets.
1. Bids placed through seller’s and buyer’s agents
2. Purchase agreement and closing documents signed and stored in a binder
3. Seller pays 6%* agent commission
3% to seller’s agent, 3% to buyer’s agent*
With Mercata Properties
Mercata Properties provides a secure and transparent platform for buying and selling real estate properties. Using smart contracts and distributed ledger technology, we automate and streamline key stages of the transaction process, including property listings, due diligence, escrow services, and transfer of ownership. Participants can access a user-friendly interface to browse listings, submit offers, and track the progress of their transactions in real-time.
1. Bids placed directly to seller on the Mercata platform
2. Purchase agreement and closing documents signed and stored on-chain, referenceable and accessible for subsequent sales
3. Seller pays 2-4%* agent commission
1% to Mercata, 3% to buyer’s agent*
About BlockApps
Mercata Properties is powered by BlockApps, the leader in Web3 Commerce for Business. BlockApps helps deliver greater transparency and trust to transactions in order to unlock the value of business assets and deepen customer understanding of products to make better buying decisions.
