Comment by lifenautjoe
5 hours ago
Hi phy!
We actually have that level of financial detail for many of our listings from our broker partners. The challenge has been figuring out the best way to present it. putting raw financials out publicly isn't the right move for the sellers.
So our next big build is a secure data room. The goal is to use that verified data to create richer, dynamic visualizations and financial summaries that a seller or broker can share securely with a qualified buyer. it's a big priority for us.
Great feedback, it's exactly where our heads are at.
how far are you with creating data summaries ? ideating stage, testing ?
& how are you getting the data / verifying from the businesses that are selling.
hey, thanks for the follow up question dzonga!
To answer your first one, we're past ideation and are actively building the data room now. We have the financial data in-house for a large number of listings, this is about writing the code to present it in a secure and dynamic way.
As for where the data comes from, there are two main paths:
- The vast majority of our listings come from direct partnerships with brokerages. We integrate with their systems to sync their inventory, so the data is professionally vetted before it even gets to us.
- For the smaller number of 'For Sale By Owner' listings, it's a manual process for now. We check and reach out to verify the numbers, and we always connect the owner with a professional broker to help guide them, which adds another layer of validation.
So a good rule of thumb on the platform right now, if you see a broker on the listing, they've vetted thoroughly the data.
It's in our roadmap to automate the process for sell by owner case so that we can hook directly integrate with accounting / tax / hr software and present live numbers.
lots of work to do but making good progress!