1st Annual SDT Conference

A Conference for real estate professionals in the Texas area.

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Texas Real Estate Moghul Century Properties

Century Properties was founded in 2004 in Texas. Since its inception, Century has been responsible for changing the landscape of Texas. Century was born in a modest family with a middle-class upbringing. He graduated from Rice University and did his master’s in Business Administration from Pepperdine University. Century ventured into the real estate business at the age of 28 and has scripted one of the most famous success stories that are Century Properties. Century Properties is a pioneer in offering value for money, which turns many dreams into reality.

Century Properties

Century Properties has, over the years, nurtured the goal of providing the highest quality homes in the best locations. The company offers a range of luxury apartment buildings. Century, through his companies, runs a whopping 7500 homeowner associations, townhouse communities, and apartments in San Antonio, Austin, Houston, and the Dallas region.

Century Properties have state-of-the-art buildings with golf courses, infinity pools, school, and outdoor areas, which are affordable and are located in prime spots. Century has also expanded his portfolio to include managing properties, so Century properties also manage rent, building upkeep, and maintenance.

Soaring Success

Century has put together a niche and successful business changing the real estate scenario in Texas. His simple philosophy that every person should have at least the opportunity to own a house with the essential modern luxuries in an affordable range has made him a famous personality. The company has catapulted itself into a numero uno position due to its straightforward and precise goals, exceptional customer service available 24/7, usage of high-quality building materials, and lots of amenities.

The luxurious custom mansions in Magnolia, Texas, are hailed as one of the best projects helmed by the company. Each house is custom-built as per the customers’ requirements, with every possible amenity within walking distance of every unit.

Long Term Vision

Century is a firm believer that every Texan should have a home that is luxurious yet affordable. While he has to a large extent, made it possible in Texas, Century hopes to carry across this vision throughout America so that the American dream becomes a reality and owning a house with amenities does not become an ardors task.

Real Estate Markets Look to blockchain as COVID-19 Pressures Industry

A few enterprises are, as a rule, contrarily affected by the COVID-19 pandemic, including the United States real estate market, which is esteemed at $33.6 trillion. Late discoveries from Zillow, an American online land information base organization, show that despite low home loan rates, the Covid has hindered the U.S. real estate market extensively. 

What’s more, the quantity of genuinely delinquent home loans — those which are 90 days past due — has multiplied from May to June, hitting its most elevated level in over five years. Some land organizations move in blockchain ideas, like tokenization and brilliant agreements, to renew the real estate market to supplant regular cycles. 

Tokenizing Real Estate 

Matthieu Bouchaud, a senior item director at Codefi Assets ConsenSys — a blockchain application suite that works with organizations to digitize monetary resources — disclosed to Cointelegraph that COVID-19 has significantly hindered the issuance of land contracts. Thus, Bouchaud referenced that land organizations are investigating new methods like tokenization to appropriate more modest properties or parts of properties at lower costs: 

“Tokenization smoothes out vault upkeep and the dispersion of portions of organizations possessing land or land resource administrators. Because of COVID-19, the advance-to-esteem proportions have gotten more severe, and organizations depending on the loaning limit of their clients to disperse land are in a tough situation. Hence, they are investigating new dissemination procedures like tokenization.” 

Codefi Assets is now working with the French land store, the board organization Mata Capital to tokenize land resources to guarantee more substantial speculation investment. The Codefi–Mata Capital contextual investigation expresses that the drawn-out vision reduces most minor financial backer membership sums from 100,000 euros to 1 euro to pull in more clients. 

Mata Capital has collaborated with Codefi Assets to give three separate finances worth 350 million euros to give security tokens. The first of these tokenization tasks would permit a few financial backers to claim part of an 11-story inn right now being inherent Paris. 

RealT is a blockchain organization that offers a tokenization stage for financial backers inspired by land across the United States. The organization permits worldwide financial backers to become tied up with the U.S. housing market by giving fragmentary and tokenized proprietorship. The responsibility for land properties recorded by RealT is designated by computerized tokens called RealTokens, which depend on the Ethereum blockchain. 

Land speculations should eventually become more reasonable and available to a broad scope of people through tokenization, making this especially engaging during a monetary emergency prodded by a pandemic. For instance, a solitary token for RealT properties costs somewhere between $50 and $150, impressively not exactly customary land ventures. 

Tokenization further permits partition between a tenant and landowner. Pearland reatlor and noted Bitcoin financial backer Tim Draper as of late uncovered in a meeting that he discovers tokenization energizing along these lines: 

“Tokenization is energizing since it implies that somebody could purchase simply a piece of my home without purchasing the entire thing. Furthermore, it isolates the leaseholder from the proprietor pleasantly. I would sell a piece of my land that that individual would pay lease to utilize it.” 

Land Goes Paperless 

Bouchaud brought up that tokenization permits organizations to move away from paper-based, manual cycles, which have become a danger for the worldwide economy because of COVID-19. 

Resource supervisors like Mata Capital typically depend on paper to deal with their financial backer library. Digitizing this interaction by having virtual financial backer records with transferred Know Your Customer reports would empower Mata Capital to go paperless altogether. RealT likewise replaces customary paper deeds with advanced tokens that address resource possession dependent on the Ethereum blockchain. 

Blockchain arrangements additionally take into consideration savvy agreements to be utilized for possession settlement. Thus, this makes a safe exchange robotization measure. Natalia Karayaneva, the CEO of Propy — a blockchain-based land startup — revealed to Cointelegraph that there are as of now three things required for a land exchange settlement to happen: 

An individual should finish the necessary administrative work, at that point send installment. On the off chance that the installment is sent and the property possession clears, the solicitation is moved, and the installment is delivered to the merchant. The ‘on the off chance that’ and rules are, for the most part, programmable and can be placed in a code. The best answer for this kind of self-executing code today is inside a keen agreement.” 

As indicated by some realtors in Pasadena TX , insightful agreements utilized for land exchanges aren’t required due to the COVID19 pandemic. As it may, most dealers are going online these days, and land organizations have been showing interest in these computerized arrangements. 

Karayaneva shared that the American land organization Re/Max Plus utilizes Propy’s innovation to handle exchange rates and extortion avoidance while having an indirect, general interaction for both home purchasers and vendors. She clarified that Propy works with Re/Max Plus businesses by giving a blockchain-based exchange framework for specialists and exchange facilitators. Specialists, purchasers, dealers, and banks all sign and complete desk work inside a solitary secure online climate. 

Pete Zizzi, group head of the Zizzi Team with Re/Max Plus, disclosed to Cointelegraph that Propy’s innovation has wiped out the need to introduce numerous frameworks to oversee exchanges, permitting specialists the capacity to close arrangements straightforwardly and effectively. 

Coronavirus Can Drive Real Estate Digitalization 

While progressive, Bouchaud is aware that the land area requires more training on blockchain innovation for upgrades. Adding to this, Karayaneva clarified that blockchain isn’t, in every case, part of the discussion Propy has with its land customers. 

“Many agent proprietors understand that blockchain is the eventual fate of the land. However, they can’t comprehend its common sense. This is the reason when we offer our items to clients. We talk about the advantages that are noticeable to their day-by-day work,” she said. 

Be that as it may, administrative provokes keep on approaching, particularly around tokenization. Obsolete guidelines around digitalization are additionally hampering reception. 

Max Simkoff, organizer and CEO of States Title — a San Francisco-based title insurance agency — expressed in a new American Express blog entry that while the innovation to lead land closings without paper has been accessible for quite a long time, “obsolete guidelines and industry hesitance to relinquish conventional practices held up the progress.”

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