Traditional Meets Digital: Ohmyhome and a New Way of Buying Your Home

Ohmyhome

Ohmyhome

Share on facebook
Share on email
Share on whatsapp

Published on: RICS

At RICS PropTech Summit in 2018, Lead Android Developer at Ohmyhome Kevin Wong spoke to us about the growing digital real estate market and the S$850 million worth of transactions Ohmyhome has already facilitated.

Ohmyhome is a do-it-yourself (DIY) portal that allows users to list or search for properties that match their requirements. Interactive search helps users narrow down available options according to their preferences (price, location, size) and interact with sellers directly to find the best fit for them. Financial calculators can also help users plan their financials as well as their mortgage.

We are pleased to say that we’ve seen great traction and acceptance in Singapore. We have already facilitated over 2,000 transactions for our users, which are worth over SG$850 million. We’ve been able to do this by simplifying the property buying, selling and renting process. Ultimately, users want a smarter way of doing everything, one that saves them time while achieving better results. We’ve put a lot of time and energy into making the search for a new home as simple, fast and affordable as possible.

A new-age business model

The key to automating the home-buying process is to understand that transformation takes time and that you cannot 100% ignore how important “staying human” is.

Ohmyhome gives users the choice between traditional agents or a self-service route. Users that opt for the former are guided through the home-buying process by a fixed-fee agent, which incorporates many of the traditional methods, albeit with the help of technology to expedite a transaction. This model ensures that we remain an inclusive housing solution, even for those that aren’t overly familiar with digital technology.

And this is important, because the benefits to users can be significant. You save time by not having to pour over websites or call several agents to ascertain what units are worthwhile. Ohmyhome only hosts genuine, non-duplicated, listed by real home-owners or our in-house agents, which means response times are faster and searches are more efficient.

A wave of change

Initially, the property market was resistant to change but as property-technology players like Ohmyhome have entered the market and demonstrated simpler, smarter and more affordable ways of doing things, we have begun to see a wave of change. I think it’s important to remember that these changes don’t just benefit consumers, but all stakeholders in the marketplace – this transformation should be welcomed.

An alternative opinion: RICS International Data Standards Director Andrew Knight urges disruptors to collaborate with the industry to ensure a deeper and more beneficial understanding of the work surveyors do and the impact their disruption will cause.

Consult an expert for free!

Send us your details and we’ll be in touch within 15 min (daily 9am to 9pm GMT +8).

or

Contact us your way

Talk to us today. Available daily 9 AM to 9 PM (GMT +8)

Subscribe Now

Get a notification every time we upload a new blog post.

Proptech Agent Service from $2,888 + GST

Sell your HDB fast!

Proptech Agent Service from $2,888 + GST

Sell your HDB fast!

SHARE WITH YOUR FRIENDS!

Share on facebook
Share on twitter
Share on whatsapp
Share on email

Consult an expert for free!

Send us your details and we’ll be in touch within 15 min (daily 9am to 9pm GMT +8).

or

Featured Blogs

Highlighting unique property views for every Singaporean

get an agent

Sell with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Prefer to do-it-yourself?

Check out how our platform can help

Post a Listing for Free

Download the app and connect with buyers

RESOURCES

Ohmyhome E-Valuation

Know the value of your property in seconds!

Calculate Seller’s Stamp Duty

Find the amount payable when selling

How to Sell an HDB

A step-by-step guide to selling HDB

How to Sell my Private Property

A step-by-step guide to selling condo/landed

OHMYHOME E-VALUATION