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Sumutas Co., Ltd., which provides “Sumutas Sale,” an AI-powered service that allows users to find out the selling price of their apartment in as little as one hour and receive cash in as little as two days, has begun a partnership with Money Forward Home Co., Ltd., which provides the money visualization service “Money Forward ME,” to support the sale of residential properties.
By combining Money Forward Home’s established asset management foundation with Sumutas’s reliable and speedy AI-powered sales expertise, we aim to eliminate the uncertainties associated with selling condominiums.
Background of the partnership
In recent years, domestic condominium prices and the rate of purchasing used homes have been on an upward trend, and it is presumed that the number of used properties circulating in the market is increasing. However, selling a condominium is accompanied by uncertainty.
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A survey conducted among users of Money Forward ME revealed that approximately 30% of condominium owners have considered selling their property, but of those, approximately 41% have not yet sold it. The main reasons for not selling were “no guarantee of selling at a satisfactory price (30.5%)” and “not knowing when it will sell (22.0%) ,” indicating that “uncertainty” in the selling process is one of the bottlenecks.
Money Forward Home has been promoting the visualization of asset value by viewing real estate as a “means of future asset formation” through its money visualization service, Money Forward ME. Moving forward, we believe it is necessary to go beyond simply visualizing asset value and lower the hurdles to the next steps in asset formation, such as “selling” and “buying,” and provide an environment where users can easily make those choices.
Sumutas provides “Sumutas Sale,” an AI-powered service for selling condominiums. Through its unique approach of AI-based appraisals in as little as one hour and the presentation of its own purchase price, it eliminates the uncertainty inherent in traditional real estate brokerage processes, supporting users in achieving a reliable and speedy sale. To date, it has a track record of over 57,671 appraisals and a cumulative appraisal value exceeding 1.7 trillion yen.
Through this partnership, we will combine the asset management foundations and proven sales expertise that each company has cultivated to remove the uncertainty associated with selling condominiums and support users in building assets in a way that allows them to take the next step with confidence.
SOURCE: PRTimes
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