Efoyplus, an organized online real estate market place for finding and sharing updates about home, real estate, mortgage and construction inputs, has officially been launched on Tuesday.
Efoyplus (efoyplus.com) mainly aims to diminish the mismatch between demand and supply of home, residential real estate as well as construction materials by offering information from various financial and other institutions.
“There’s information gaps to get homes and residential real estate by homebuyers,” Getinet Zemene, CEO of Efoyplus PLC, said in a presser on Tuesday held at Soramba Hotel.
“Buying and selling of construction materials is too prone to problems stemming from a failure or lack of supports through a modern way,” he said, adding, “Efoyplus platform will ease these challenges.”
Home buyers sellers spend three months even a year to buy and sell homes, he said.
Globally, attention has been shifted to pro-tech, the use of technology in real estate as an upcoming field, with both developers and real estate consultants transmuting to tech tools in a big way.
More than 500 homes are part of the easy and online platform of efoyplus.
The most significant impact of digitalization has been on the home search and buying process.
Most of the developments have been seen in the customer-facing segments such as search optimization and automation. However, processes such as property registration have also become tech-based due to the new platform.
The new technology has been updated for 4 years to include various new features.
“The platform will also use agents to expand its services,” said Filmon G/Yohannis, Deputy CEO of Efoyplus PLC.
Efoyplus was founded by experienced financial and technology professionals that work all for one, one for all scheme.
Customers will only pay their service fees when they buy and sell, and get a buyer refund. “Customers will save 200,000 Birr on average transaction,” as Getinet puts it.