Peter Gibbons
Founder
Openn
Openn Negotiation Ltd offers a digital platform that facilitates real-time property transactions by enabling agents, buyers, and sellers to engage in a transparent bidding process. This technology enhances price discovery and reduces inefficiencies in traditional real estate transactions across Australia and New Zealand.
- Enterprise Software
- Financial Technology
- Software Only
Updated 6 months ago
Funding
Raised to date
$10.9MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
Traditional real estate sales methods often lack transparency, leading to inefficiencies and uncertainty for agents, buyers, and sellers. This can result in suboptimal outcomes, prolonged sales cycles, and a limited pool of potential buyers.
Solution
Openn Negotiation Ltd provides a cloud-based platform designed to streamline and enhance real estate transactions through digital negotiation and offer management. The platform offers various sales methods, including Openn Negotiation (online auction), Openn Offers (private treaty), and Openn Tender, allowing agents to adapt to different vendor needs and market conditions. By digitizing the offer process, Openn increases transparency, attracts a wider pool of buyers, and facilitates faster deal closures. The platform also automates contract generation and communication, reducing administrative overhead and improving the overall experience for all parties involved.
Target Audience
The primary target audience includes real estate agents looking to improve efficiency, increase transparency, and attract more buyers, as well as property buyers and sellers seeking a more streamlined and transparent transaction process.
Features
- Digital offer management system with customizable branding for agent websites
- Multiple sales methods: online auction, private treaty, and tender
- Automated communication tools with triggered invites via QR code, SMS, email, and shareable links
- Real-time updates and notifications for all parties
- Digital contract generation with reusable templates and electronic signing
- Secure platform for managing negotiations, approving buyers, and finalizing sales
- Observer tool to invite vendors to watch the sale process online
- Mobile app for placing bids, making offers, and tracking negotiations from anywhere