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The Problem

Inefficient processes in home buying

causing setbacks

The home-buying process is hampered by a lack of centralization, causing buyers to navigate through fragmented information and disconnected resources. Without a unified system, buyers face challenges in accessing accurate, up-to-date information, leading to potential delays and missed opportunities. This lack of integration creates a complex and cumbersome experience, making it difficult for buyers to make informed decisions efficiently.

The Solution

Centralizing the home-buying journey for

improved decision making

An innovative web application that streamlines the home-buying process by consolidating all essential tasks into a single, user-friendly platform. Buyers can easily input their financial details to determine their borrowing capacity, receive tailored financial plans, and connect with a network of trusted agents, brokers, and vendors. This comprehensive approach ensures that users are guided smoothly and confidently through every step of their home-buying journey, from start to finish.

The Transformation

01

Decoding buyer insights and system complexities

To enhance the home-buying experience in Australia, the team prioritized understanding the essential components of the process, including user behaviors, financial considerations, and the legal complexities involved.
Buyer Insights

Examined how buyers interact with property choices, including their investment goals and personal aspirations.

Financial Clarity

Addressed the complex calculations and financial assessments required to determine borrowing power and investment viability.

Customized Onboarding

Streamlined the process to collect essential financial details and personal preferences, ensuring personalized support.

Centralized Platform

Developed a unified platform that integrates all resources, providing buyers with easy access to critical information and facilitating informed decision-making.

02

Turning data into financial clarity

Utilizing user insights and behavioral data, critical information transforms into actionable financial insights.
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Borrowing Power Estimator

Employs sophisticated algorithms to assess users' borrowing capacity based on income, expenses, debts, and loan parameters.

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Purchase Readiness Estimator

Generates a personalized timeline, highlighting when users are financially prepared for property acquisition based on their savings, income, and expense.

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Property Budget Estimator

Provides a comprehensive view of users' property budgets by integrating their borrowing capacity with anticipated costs and ongoing expenses.

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Cost Breakdown Estimator

Delivers an itemized overview of loan amounts, upfront costs (including deposits and taxes), and monthly financial obligations.

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Stamp Duty Estimator

Utilizes state-specific algorithms to precisely calculate state-specific Stamp Duty, removing uncertainties from the process.

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Dynamic Adjustments Tool

Empowers users to modify their financial input, with real-time updates showing the impact on their borrowing power and readiness to buy.

03

Future Innovations on the Horizon

In the next phase, third party integrations are in the pipeline to empower home buyers with a holistic view and support to make a more informed decision.
Open Banking Integrations

That will allow users to connect their bank accounts to fetch real-time financial data, enabling more accurate calculations for borrowing power.

Third-Party Vendor Collaborations

To onboard brokers and agents, providing users with direct access to professional advice and services, streamlining the home-buying process.

Enhanced Property Listings

That will incorporate data from third-party vendors, delivering tailored property suggestions based on users’ budgets and preferences.

The Outcome

Empowering people to buy their dream home

A centralized platform that simplifies the home-buying process, empowering users to make informed decisions, understand their borrowing potential, and connect with expert guidance.

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Achieving Perfection

Implemented features that simplifies home buying process and provides advanced planning capabilities.

Custom Financial Strategies

Tailored financial plans designed to meet specific home-buying needs.

01

Purchase Timeline Tracking

Track every milestone with personalized purchase timeline updates.

02

Simplified Stamp Duty Insights

Clear, concise insights into stamp duty obligations.

03

Step-by-Step Home-Buying Checklist

A detailed checklist guiding through each phase of home buying.

04

Plan Optimization Tools

Optimize financial plans with smart, easy-to-use tools.

05

Resourceful Knowledge Hub

Expert resources and tips for making informed decisions.

06

Exceeding expectations,
Happy clients!

I’ve been working with Smartsense for two months now to support the build of a robust version 1 of a fintech product for the Australian market and I’m delighted with the outcome to date. great value for money without compromising expertise and quality.They offer They have been a strategic partner, providing great input into product design and I look forward to continuing our relationship!
Profile

Patrick Carroll

Founder, Home Planner

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