Based on the feedback from the market validation trials, we have upgraded our offer management.
The world is going through the pandemic of Covid-19 at the moment. What is the best strategy to contain the spread of this virus? Quaratine and isolation Plague, epidemic occurs every a few decades in the past three centuries. An epidemic of SARS in 2003 resulted in more than 8000 cases. The pandemic of Covid-19 […]
From the discussion with sellers and buyers, there is an overall impression that the property market here in Melbourne is uncertain. It is true that buying or selling is more puzzling and technical this year than the past 5 years. Buyers are holding back due to concerns that the market may adjust further. Sellers are […]
Here is another milestone for Ezy Bid. After a full-service cycle, Ezy Bid successfully secured a deal for our client. The journey started from signing a sales authority remotely and digitally, inspections were conducted by our agents, multiple offers signed digitally and remotely on Ezy Bid, negotiation conducted through Ezy Bid platform, finally the Contract […]
Uncertain vs unknown In information theory, something uncertain means something that we do not have certain knowledge of or can not be deterministically defined/identified. Often, uncertainty is described by probability. The probability can be known or unknown. The probability can be knowable or unknownable. In the process of a propery transaction, there are uncertainties with […]
For Australian people, there is no better news than a clear national plan to reopen. It does not mean that the pandemic is over, or what will happen in 2022 is certain. It means that Australia has gone through the darkest moment and is now heading toward a better future. The plan gives the market […]
Make an offer or signing the authority online: digital solutions for real estate agents, sellers and buyers.
Getting the paperwork done can be a tidious job for real estate transactions. The sales authority and contract of sale are the two main documents to complete and normally it takes a fair amount of time. RE Logic has developed a tool to improve the efficiency and customer experience. It is digital and online. Getting […]
After several months’ hard coding, RE Logic has eventually developed its AI-powered online transaction platform to a state that can offer VIP clients trials. As an essential security measure, the platform is now secured with SSL certificates. It means all the communications with clients are encrypted. In addition to this, the platform also adopted application-layer […]
Our AI algorithms for online transactions were developped in 2020. To commercialise the invention, RE Logic has stumbled through the coding stage, now carrying out intensive test to ruggedise the platform. In late 2019, company Real Time Agent, which specialises in digitising property transaction process, was acquired by Domain for over $20M. The three core […]
The property market is not easy to predict The property market is a complex system with a daunting amount of information affecting its evolution. A traditional prediction framework, which is based on the university-taught economy theory, does not work well in practice (“The forecasts and the media are causing turmoil“). The fact that lots of […]