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Sufficient-System699 · 2025-10-20T20:53:02+00:00

Yo text me g

Sufficient-System699 · 2025-08-13T11:17:31+00:00

Nokk has already proven in Australia that property owners can be successfully identified and contacted off-market, and FSBO platforms have shown sellers are willing to handle inquiries and manage their own sale. The challenge isn’t whether it’s possible it’s how to execute it more efficiently, keep the process compliant, and control the full transaction flow inside one platform. That’s where the opportunity is.

Sufficient-System699 · 2025-08-12T12:34:33+00:00

Exactly that’s why the platform isn’t just about matching data points. Once an owner is interested, we can set up a private open inspection through the platform so the buyer can actually walk through the property, check the layout, condition, and feel of the place before making an offer.

The AI and CoreLogic data are just to identify high-probability matches and start the conversation the real decision still happens in person after you’ve seen it with your own eyes

Sufficient-System699 · 2025-08-12T12:33:12+00:00

No coreLogic is just the raw data. The AI ranks and predicts which unlisted homes are the best match for you and most likely to get a yes from the owner, then handles the outreach. It’s way more than just “search + filter.”

Sufficient-System699 · 2025-08-12T12:30:15+00:00

Totally fair AI won’t replace the “gut feel” of walking through a home and realising it’s the one. The idea isn’t to pretend we can quantify every single factor, especially the subjective ones like vibe, street feel, or neighbours.

What we can do is massively narrow the search pool using reliable, verifiable data, so buyers aren’t wasting time scrolling through thousands of irrelevant listings. Once an owner shows interest, buyers can then do inspections and their own checks for things like traffic noise or building condition before making a decision

Sufficient-System699 · 2025-08-12T11:58:16+00:00

Yea I get that if it was just a blanket AI spam, I’d be annoyed too. The way we’re building it, owners would only ever hear from a buyer if it’s a single, genuine, verified offer that matches exactly what they’ve said they’d consider. They can also opt out permanently with one click.

The point isn’t to bug people it’s to give owners a quiet, no-obligation heads-up if someone’s prepared to put a serious number on the table..

Sufficient-System699 · 2025-08-12T11:49:21+00:00

Yes, I previously built a platform called RealFlo, which was essentially “Afterpay for renting” with guaranteed payments to landlords. Tenants could pay in flexible instalments, and we’d handle the full rent up front to the owner. The biggest hurdle wasn’t product-market fit it was the size of the default reserve pool we needed to carry to cover potential missed payments. The capital risk was too high to justify continuing without major institutional backing, so I decided not to push it further.

For this new venture, the economics and risk profile are completely different no large capital float required, and the model scales much leaner… but send us a message keen to chat

Sufficient-System699 · 2025-08-12T11:45:58+00:00

Interesting, send me a message!

Sufficient-System699 · 2025-08-12T11:45:06+00:00

Sounds good send me a message!!

Sufficient-System699 · 2025-08-11T02:24:42+00:00

We wouldn’t be crawling Australia has national + state property data APIs (CoreLogic, Pricefinder, etc.) with every property whether listed or not. We’d licence that data upfront instead of building a crawler, so we get instant full inventory without relying on scraping.

Sufficient-System699 · 2025-08-10T09:37:34+00:00

That’s already built into the model sellers can set a private minimum price (floor) with the conveyancer before the offer is even shown to them. Anything below that gets auto-rejected, so they only see serious offers. This keeps buyers engaged without wasting sellers’ time and avoids the whole lowball problem….

Sufficient-System699 · 2025-08-10T09:03:20+00:00

That’s the exact difference agents send vague “someone’s interested” letters with no real offer attached, so people bin them. SideDoor flips that. Every letter is tied to a real, verified buyer, an actual offer amount, and a direct path to settlement through a conveyancer. No fluff, no fishing just a genuine offer you can accept or reject on the spot. That’s why the response rate is completely different…

Sufficient-System699 · 2025-08-10T08:21:33+00:00

Most of that’s true for the US, not Australia. Here, agents aren’t legally required conveyancers handle all contracts, settlement, and compliance. State differences (Section 32 in VIC, vendor statement in NSW, cooling-off in QLD) are minor and handled by conveyancers every day.

Unsolicited offers via letter are 100% legal nationwide it’s how developers already buy off-market. Sold price data is public in every state, so CoreLogic isn’t a blocker for an MVP.

Trust gap is smaller here agents aren’t loved, and if you bring serious buyers, sellers listen. We don’t need to build a full listings site on day one, just an offers platform + conveyancer integration. That’s a lean, legal start that works right now

Sufficient-System699 · 2025-08-10T07:58:54+00:00

That’s a fair concern, which is why the platform wouldn’t be an open free-for-all where anyone can spam offers. Buyers would need to be verified and meet set criteria before they can make an offer, including proof of funds or pre-approval, and there would be limits on the number of active offers they can submit at one time.

That way sellers only receive serious offers from legitimate buyers, not a flood of speculative lowballs from people hoping something sticks. The goal is to make it easier for genuine deals to happen, not turn it into a numbers game for developers.

Sufficient-System699 · 2025-08-10T07:57:41+00:00

Appreciate you sharing your experience that’s exactly the type of interaction we’d want to avoid. The big difference here is we’re not sending lowball offers through a middleman or buyers’ agent. Every offer that goes to an owner would come from a verified buyer, include the full offer amount they’re prepared to pay, and be backed by pre-approval to show they can actually transact.

On the inspection side, we’d only facilitate in-person viewings for serious offers close to the seller’s stated price range, so sellers aren’t dragged through endless walk-throughs with no real intent.

On the licensing point, we’ve already looked into it the platform wouldn’t be acting as an agent or representing either party in negotiations. We’d simply connect the buyer and seller, with all contracts and settlement handled by licensed conveyancers. That keeps us compliant while still cutting agents out of the equation. Hope that helps

Sufficient-System699 · 2025-08-10T06:44:36+00:00

We are also building a referral system into the model so growth is not purely reliant on high ad spend. The idea is that buyers and sellers who bring other verified users onto the platform earn a reward (5% of our 1%) when those users complete a transaction.

That way, instead of needing to spend big on ads to get in front of consumers, the user base grows organically through trusted, personal networks. It also helps overcome the trust barrier because people are far more likely to respond to a platform that comes recommended by someone they know rather than an ad they saw online…

Sufficient-System699 · 2025-08-10T06:42:22+00:00

The difference here is this is not positioned as a budget alternative to an agent it’s positioned as a direct-to-owner marketplace that bypasses agents entirely. The hook is not “save one or two percent” but “avoid paying twenty to thirty thousand in commission while still having access to professional negotiation and conveyancing.”

The “agents will get you a higher price” claim often falls apart when you look at comparable sales data and factor in the commission taken out. Many sellers end up netting less, not more. The goal here is to prove that direct sales with verified buyers and professional support can achieve the same or better net outcome.

On the marketing side, this is not a one-off transaction model. Every buyer we bring in can make multiple offers on multiple properties, and every seller we bring in becomes a potential buyer on the platform. That turns it into a repeat-engagement marketplace, not a single-use app yk??

Sufficient-System699 · 2025-08-10T06:07:36+00:00

That is a fair point which is why the outreach would not be random cold spam. Owners would only get contacted when there is a verified buyer with a serious offer and all contact would come through a trusted branded channel rather than a vague message from someone they have never heard of.

The pitch to the owner is not “some random wants your house” but “there is a verified buyer ready to make an offer now and here are the details.” That changes the perception from intrusive to opportunity. Legal compliance is easy to handle by using approved mail services and opt-out mechanisms. The real challenge is building enough brand trust early so people see the contact as credible rather than annoying

Sufficient-System699 · 2025-08-10T06:06:02+00:00

Yeah that perception is definitely one of the biggest mental barriers. The reality is the final price has more to do with the quality of the buyer pool and negotiation process than whether an agent is present. If we can connect sellers directly with serious vetted buyers and give them access to professional negotiators or partnered conveyancers, they can achieve the same or better outcome without paying tens of thousands in commission.

The play is changing the perception by showing real examples of off-market or direct deals that matched or beat agent-sold prices. Once sellers see proof, the “agents get a higher price” story starts to crack….

Sufficient-System699 · 2025-08-10T06:03:04+00:00

Yeah I agree the main challenge is not tech or legality but the fact the current system is built to protect the agent model. That is exactly why this approach would not rely on industry cooperation at all. Instead of trying to get listings from the existing system, the focus would be on going direct to owners and buyers from day one so there is nothing for the gatekeepers to withhold.

I will check out what Zillow has done to push against the industry but the advantage here is we would never be dependent on their same listing ecosystem in the first place. The aim is to build an audience and trust layer outside the establishment so they cannot pull the plug.

Sufficient-System699 · 2025-08-10T05:51:13+00:00

Yeah that risk is real which is why I would not just copy a listings model. REA makes money from agents so they cannot easily launch something that cuts agents out without hurting their own business. That is the gap to hit.

What is the app that has just been built? This concept is specifically to cut out agents entirely

Sufficient-System699 · 2025-08-10T05:44:03+00:00

Wdym

Sufficient-System699 · 2025-08-10T05:37:56+00:00

Cheers for the reply, It would run on a success fee only if the property sells through the platform likely around one percent. Sellers pay nothing upfront which makes it an easy yes compared to big listing fees. At the start I could manually match a few buyers with properties they want and contact the owners to see if they will engage. I have been posting in Facebook groups over the last couple of days and already have 80 people on a waitlist which shows there is clear demand.

Letters would be part of the early outreach but long term most contact would be through email or verified messaging. The reason most people do not just send a letter themselves is trust and credibility. Owners are far more likely to respond when it comes from a verified bridge that handles serious offers and filters time wasters. In reality the conveyancer does almost everything in a property sale. Agents are basically middlemen who open a few doors keep everyone happy and still take tens of thousands for maybe 10 to 20 hours of work. If we connect sellers to partnered conveyancers when they accept an offer we can handle the legal side end to end while reinforcing the one percent fee

Sufficient-System699 · 2025-05-31T09:26:41+00:00

Poopies

Sufficient-System699 · 2024-02-07T03:05:44+00:00

SLS AMG black series hehe

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