INVESTING
12-month period of ideation , product development and plenty of problem solving . This was a fascinating learning curve for us too , as neither of us had prior experience in the world of software development , or the additional and crucial avenues of brand , web and user experience ( UX ) design .”
Since the platform launched at the end of 2021 , they have achieved some rewarding milestones in the market - major product updates pre- and post-launch , industry partnerships ( Enterprise Development Property Fund and ooba Home Loans ), successful market outreach and stakeholder feedback campaigns , with further exciting developments on the way .
What need does PropDD address in the market ?
PropDD ’ s pioneering product , the PropDD Residential Toolkit TM accessed at www . propdd . online adds value to both sides of a property transaction for buyers , sellers and estate agents , at an affordable price point .
Purchasing a property is one of the most critical financial decisions a person will make in their lifetime .
The PropDD Residential ToolkitTM provides an online framework that guides a buyer through the process of investigating and understanding the important legal , technical and financial aspects of the property they are looking to purchase , to better inform this important decision . This process is known as due diligence .
The Toolkit facilitates this process by allowing a user to upload relevant due diligence documents and record information in their own secure toolkit vault . They can then auto-generate a professional Due Diligence Report which they can share with selected external parties , along with read-only access to their vault .
For example , a buyer may want to share their toolkit information with the financial institution where they apply for finance , or their attorney . Moreover , as an added resource , they are able to build a simplified cash flow based on their purchase strategy with the easy-to-use PropDD cash flow calculators .
The Toolkit was also developed for use by sellers , as well as the estate agent they appoint to sell their property , enabling them to fast track the due diligence process for prospective
82 FEB 2023 SA Real Estate Investor Magazine